• CBN storms Fidelity Bank HQ over alleged $115m election bribery scandal

    CBN storms Fidelity Bank HQ over alleged $115m election bribery scandal

    The Central Bank of Nigeria’s (CBN) officials on Tuesday stormed Fidelity Bank’s head office in Lagos over $115 million cash allegedly laundered from the bank in the build up to the 2015 general elections.

    Nnamdi Okonkwo, the former Managing Director of the bank, last week, was arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly helping former Petroleum Minister, Diezani Allison-Madueke to launder the $115 million.

    He has been replaced temporarily by the board of directors with Alhaji Mohammed Lawal […]