• EFCC releases Fidelity Bank boss Nnamdi Okonkwo, traces slush funds to NNPC

    EFCC releases Fidelity Bank boss Nnamdi Okonkwo, traces slush funds to NNPC

    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 […]