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Heritage Bank: Oyo government denies involvement in alleged N13bn fraud

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Oyo State government on Monday denied the alleged N13 billion fraud in connection with the Managing Director of Heritage Bank, Mr. Ifie Sekibo as well as some officials of the state government.

Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun responding to a mail sent to him informed Daily Post that the state government had no involvement in the allegation.

He said “My brother, greetings. The bank has responded.

“Even the Punch report shows that we do not have any inkling of such. Thank you.”

READ ALSO: Court orders permanent forfeiture of Diezani’s N7.6bn

Earlier, the management of Heritage Bank said neither Ifie Sekibo “nor any member of the management staff of the bank is being investigated by the EFCC on a N13billion fraud”.

“Over the last week, the bank has fully cooperated with EFCC by providing various documentation and also presented its staff in this regard.

“Management finds it distasteful, unethical and unprofessional of these media houses to tarnish the image of Mr Ifie Sekibo – MD/CEO and the bank.

“We urge the general public to disregard the article in its entirety”, the bank said.

Naija News gathered that Sekibo allegedly disregarded a series of invitations from the Economic and Financial Crimes Commission (EFCC) for his part in the alleged diversion.

Detectives of the EFCC were said to have barged into the bank’s head office last week to recover some sensitive documents.


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Ibukun Josephine Bankole was a Senior Associate at Naija News. A Mass Communication graduate, Ibukun is passionate about journalism especially in the areas of health and child related issues. She loves eating beans, singing, acting and giving motivational speeches. Ibukun is meticulous and has a positive approach to life. Contact me via twitter/Instagram @ibukunbankole_




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Last Modified: 16 July, 2019 at 9:45 am