March 5, 20210
The Economic and Financial Crimes Commission (EFCC) has arrested the Managing Director of Zenith Bank, Mr. Jim Ovia over an alleged money laundering deal worth N3.2 billion.
Jim Ovia’s arrest was the high point of series of investigation carried out by the EFCC over the activities of the Bank in recent times. Three other officials of the Bank whose names were given as Olakunle Orupe, Kanu Chimezie, and Patrick Okagwu are also being detained by the anti-corruption body after making confessional statements.
It was gathered that the commission had already sealed off a mansion reportedly owned by the accountant in a high-brow area of Delta State including several exotic cars.