An error was pointed out by Prof. C. E. Chidume in the statements of our Theorems and Corollaries in [1]. The proof of all the Theorems and Corollaries are correct but the statements have flaws. The correct statements of the results are hereby stated. We define the multistep iteration as: Let E be a Banach space and T : E → E a self map of E. For x0 ∈ E, the multistep iterative scheme {xn}n=0 is defined by xn+1 = (1− αn)xn + αnTy n y n = (1− β n)xn + β nTy n , i = 1, 2, ..., k − 2, y n = (1− β n )xn + β n Txn, k ≥ 2 (1.1)