Home Business EFCC Uncovers Additional $72.87m In Fidelity Bank, Arrests Okonkwo, Former MD

EFCC Uncovers Additional $72.87m In Fidelity Bank, Arrests Okonkwo, Former MD

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The Economic and Financial Crime Commission (EFCC) has arrested former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo,over the discovery of an additional $72.87m still in the coffers of the bank, belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke.
Okonkwo and Charles Onyedibe were currently being quizzed by operatives of the commission 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 EFCC.
While all the $153m were recovered, the cases involving $115m, as it relates with the Independent National Electoral Commission bribery matter, are in various courts.
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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