DIEZANI: EFCC Uncovers Fresh $72.87 Million In Fidelity Bank, Arrests Ex-MD Okonkwo

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Diezani (left) and the Ex-MD of Fidelity Bank


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

Okonkwo and Charles Onyedibe were currently being quizzed by operatives over the latest discovery.

Okonkwo, who is the chairman of First Bank Holding, alongside others, had earlier been grilled over $153m and another $115m by the commission.

While all the $153m were recovered by the EFCC, the cases involving $115m, as it relates with the Independent National Electoral Commission bribery matter, are in various courts.

The EFCC spokesman, Wilson Uwujaren, disclosed these in a statement on Wednesday, titled, ‘Diezani: EFCC uncovers additional $72.87m 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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