SunTrust Bank Refutes Custody Claims, Recommits To Uninterrupted Operations

SunTrust Bank Nigeria Restricted has addressed the widespread reviews in regards to the authorized proceedings involving its managing director and government director, clarifying that each executives usually are not in custody and that the {bank}’s operations stay totally uninterrupted.

The clarification comes within the wake of stories reviews detailing the arraignment of the executives by the {Economic} and {Financial} Crimes Fee (EFCC) over an alleged $12 million fraud.

Whereas the {bank} acknowledges the court docket look held on June 13, 2025, it emphasises that the court docket granted each executives bail and that they’ve totally met all bail situations.

Head of Company Communications at SunTrust Bank, Chinonso Atuegwu, stated: “We want to make clear that whereas our managing director and government director have been earlier than the court docket earlier at this time, the court docket has granted them bail, and so they have since perfected all bail situations. They don’t seem to be in custody, opposite to the incorrect reviews being extensively circulated. Each executives have continued to cooperate totally with the authorities, and the {bank} stays dedicated to supporting the authorized course of because it unfolds.”

The {bank} careworn that it stays centered on delivering high quality service and sustaining operational stability.

“We wish to reassure our esteemed prospects, companions, and stakeholders that the operations of SunTrust Bank stay uninterrupted and that the {bank} is dedicated to delivering glorious service throughout all touchpoints, “ he stated.

Whereas the {bank} reaffirmed its dedication to supporting the continued authorized course of, it famous that., it would chorus from making extra public feedback because the matter is now earlier than the court docket.

SunTrust Bank expressed gratitude to its stakeholders for his or her continued belief and understanding throughout this era.