EFCC Arrests Former Fidelity Bank MD

The Economic and Financial Crimes Commission has arrested Nnamdi Okonkwo, a former Managing Director of Fidelity Bank Plc, over an additional $72.87 million still in the bank’s coffers, as part of the ongoing investigations into the former Minister of Petroleum Resources, Diezani Alison-Madueke.

operatives were questioning Okonkwo and Charles Onyedibe about the fresh discovery.

The committee had previously grilled Okonkwo, who is the head of First Bank Holding, and others, over $153 million and another $115 million.

While the EFCC was able to recover all of the $153 million, the charges involving $115 million, which are related to the bribery scandal at the Independent National Electoral Commission, are still pending in various courts.

Wilson Uwujaren, an EFCC spokesman, revealed these in a statement on Wednesday headed “Diezani: EFCC uncovers another $72.87 million in Fidelity Bank.”

It said, “Okonkwo, who is currently the Chairman of First Bank Holding, alongside others, had earlier been grilled over a sum of $153m and $115m by the commission.

“Okonkwo and Charles Onyedibe are currently being detained by the EFCC over the whereabouts of the new $72.87m.”

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