According to reports, the Economic and Financial Crimes Commission has released the Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, who was arrested last Wednesday for allegedly helping a former Minister of Petroleum Resources, Diezani Alison-Madueke, to launder $153m.
The EFCC had taken the bank MD before an Ikeja Magistrate’s Court last week where the court ordered that he remained in EFCC custody for a week.
However, a reliable source at the commission said that Okonkwo made useful statements on the case […]
Following over a week of detention, the Economic and Financial Crimes Commission (EFCC) on Thursday evening released the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo.
Okonkwo was alleged to have received $115 million in deposits to the bank from former Petroleum Resources Minister, Diezani Allison-Madueke, and allegedly helped to disburse money from this to electoral officials.
Okonkwo was picked up for failing to report the matter to the Nigerian Financial Intelligence Unit, NFIU, as required by the law.
However, the management […]
We are cooperating with EFCC – Fidelity Bank confirms arrest of MD, Nnamdi Okonkwo over Diezani’s $115 Million
Following reports on Thursday that the Managing Director of a leading Nigerian commercial bank has been detained by the Economic and Financial Crimes Commission, EFCC, for allegedly helping former Petroleum Minister, Diezani Allison-Madueke to launder $115 million cash, Fidelity Bank has come out to own up.
Fidelity Bank MD, Nnamdi Okonkwo, was taken into EFCC custody three days ago for receiving huge cash and helping to distribute it to beneficiaries two days to the last general elections.
Okonkwo was picked up for […]