EFCC Detains Sterling Bank MD

Fashion home! iBankNg gathered that the MD of Sterling Bank, Yemi Alade has been detained by EFCC after a raid on their Lagos branch.

Agents of the Economic and Financial Crimes Commission yesterday raided the offices of Sterling Bank Plc. In Lagos to search for documents related to “a large-scale fraud,” according to a source at the anti-corruption agency.

The source declined to provide specific details about the nature of the alleged fraud but told SaharaReporters correspondent that the EFCC decided to send operatives to comb through bank documents after careful investigation.

Source: SaharaReporters.