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EFCC arrests ex-MD of Fidelity Bank Plc, Nnamdi Okonkwo



EFCC arrests ex-MD of Fidelity Bank Plc, Nnamdi Okonkwo


The Economic and Financial Crimes Commission (EFCC) has reportedly arrested the former Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo.

Okonkwo was recently appointed Managing Director-designate of First Bank of Nigeria (FBN) Holdings Plc and expected to assume office January 1, 2022.

His appointment, subject to the approval of the Central Bank of Nigeria (CBN), followed the voluntary retirement of current Managing Director, Mr. U. K. Eke, effective December 31, 2021.

The Guardian, quoting a top official of EFCC, who pleaded anonymity, reports that the arrest, on Wednesday, was part of ongoing investigation of former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

According to the source, Okonkwo, was arrested by the anti-graft agency over an additional $72,870,000 million still in the coffers of Fidelity Bank.

However, some other reports quoting the EFCC’s Head of Media and publicity, Wilson Uwujaren, said Okonkwo was invited by the commission and later granted administrative bail.

READ: Onyeali-Ikpe first female MD/CEO of Fidelity Bank assumes office

RELIABLESOURCENG.COM learnt that Okonkwo, alongside others, had earlier been grilled by the EFCC over a sum of $153 million and $115 million.

The EFCC had claimed Diezani siphoned $153 million out of the Nigerian National Petroleum Corporation (NNPC) and stashed it in three banks in the country.

The anti-graft agency had in January 2017 said the former Managing Director of Fidelity Bank Plc, allegedly helped Diezani to take delivery of the money, and kept $40 million with the former Executive Director, Public Sector Accountant, First Bank Plc, Mr. Dauda Lawal, in order to conceal the source.

On January 6, the EFCC had approached Justice Muslim Hassan and obtained an interim order, directing that the funds be temporarily forfeited to the Federal Government.

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