The Nigerian Stock Exchange (NSE), DG and Chairman, Transnational Corporation Plc (Transcorp), Dr. Mrs. Ndi Okereke-Onyiuke, along with five directors of the company Managing Director Nicholas Okoro; Nicholas Okoye; Anthony Ofili; Adegboyega Olulade; and Mohammed Nasir Umar yesterday appeared before the Economic and Financial Crimes Commission (EFCC) in connection with the alleged N30.8 billion Transcorp owes Union Bank Plc.

The anti-graft agency had, last week, invited the former governor of Rivers State Peter Odili; the NSE boss and the five directors of Transcorp over alleged debts owed the five banks whose managing directors and managements were sacked recently by the Central Bank of Nigeria (CBN) for alleged fraud, insider trading and non-performing loans.

A source at the EFCC headquarters in Abuja, yesterday said Okereke-Onyiuke and the five Transcorp directors appeared before officials of EFCC in Lagos where they were being interrogated.

The source also said that the six directors would not be detained by the EFCC but would be mandated to make commitments on how and when they would pay the debts.

EFCC's spokesman, Mr. Femi Babafemi, confirmed their appearance at the commission, saying the anti-graft body would not spare any defaulter.

Three weeks ago CBN had published the names of debtors owing the five affected banks a total of N774 billion.

As at last week Wednesday, the commission had reportedly recovered N45 billion for the five banks.