Nigeria’s top banks are under intense scrutiny as the House of Representatives summons the chief executives of GTBank, Zenith Bank and Access Bank over alleged unauthorized deductions from customer accounts.
The move, initiated on December 9, 2025, follows repeated complaints from civil servants and public employees who say funds were withdrawn without explanation.
Kelechi Nwogu, chairman of the investigative panel, insisted the CEOs appear in person with valid identification, rejecting attempts to send representatives.
Banks have been given four days to submit full documentation of all deductions and charges.
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The probe will involve the Ministry of Finance, the Office of the Accountant-General of the Federation, and the Economic and Financial Crimes Commission (EFCC) to ensure transparency.
The House accused the banks of “perpetrating illegality by deducting inexplicable monies” and warned that failure to comply could lead to sanctions.