The Economic and Financial Crimes Commission (EFCC) yesterday, Wednesday, May 25, swooped on the Fidelity Bank MD Nnamdi Okonkwo and top officials yet again just two weeks after releasing them.
The EFCC had initially arrested Mr. Nnamdi Okonkwo, and some officials for allegedly receiving $115 m from a former Minister of Petroleum Resources, Diezani Alison-Madueke. The EFCC also arrested the bank’s Head of Operations, Mr. Martins Izuogbe, for his role in the alleged scam, which the anti-graft agency described as unprecedented.
However, following their release two weeks ago, the agency again picked up the embattled Okonkwo for the following reasons…
- Asides the $115 million the agency was investigating the bank top executives for receiving from Nigeria’s former Petroleum Minister, the EFCC discovered a fresh $153 million Diezani Funds traced to them.
- Initial investigations reports allege that the $153 million was laundered through the bank for Diezani Alison-Madueke for purposes of rigging the 2015 elections in favour of former President Goodluck Jonathan.
- Mr. Okonkwo had previously not disclosed the transactions to investigators at the EFCC, and the discovery prompted another security sweep of the bank.
- Daniel Fayemi for encomium.ng