SunTrust Bank Nigeria Limited has denied online reports claiming that its managing director and executive director have been remanded in custody.
On Friday, the Economic and Financial Crimes Commission (EFCC) arraigned Halima Buba, the managing director (MD) and chief executive officer (CEO) of SunTrust Bank Ltd, over money laundering allegations.
Buba was arraigned before Emeka Nwite, a judge of a federal high court in Abuja, alongside Innocent Mbagwu, the bank’s executive director (ED) and chief compliance officer.
In a statement on Saturday, Chinonso Atuegwu, the company’s head of corporate communications, said the court granted bail to the two executives.
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He said the duo have met all bail conditions.
“We wish to clarify that while our Managing Director and Executive Director were before the court earlier today, the court has granted them bail, and they have since perfected all bail conditions,” the statement reads.
“They are not in custody, contrary to the inaccurate reports being widely circulated.”
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Atuegwu said both executives have continued to cooperate fully with authorities, and the bank remains committed to supporting the legal process.
“We would like to reassure our esteemed customers, partners, and stakeholders that the operations of SunTrust Bank remain uninterrupted and that the Bank is committed to delivering excellent service across all touchpoints,” he added.
The spokesperson said the bank would not make further public comments as the matter is now before the court.
He expressed appreciation to the public for their continued trust and understanding.
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