Wednesday 25 May 2016

EFCC Re-arrests Fidelity Bank MD and Top Officials Over New $153m

The Economic and Financial Crimes Commission (EFCC) in Lagos has rearrested Nnamdi Okonkwo, the Managing Director of Fidelity Bank PLC.
 
The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, has been rearrested by the Economic and Financial Crimes Commission (EFCC) in Lagos over the discovery of $153 million in new funds also laundered through the bank by former Minister of Petroleum Resources, Diezani Alison-Madueke.
 
According to SaharaReporters, two top management officials including the bank’s Heads of Operations, were arrested and detained at the Lagos offices of the EFCC after fresh revelations emerged that the former oil minister laundered the money through the bank for purposes of rigging the 2015 elections in favour of former President Goodluck Jonathan. 
 
Recall that Okonkwo had previously been arrested some weeks ago alongside some of the bank's executives for allegedly receiving $115million from former Minister of Petroleum Resources, Diezani Alison-Madueke.
 
This is yet another developing story, we'll update you with more details as soon as its made available.

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