The EFCC has arrested the MD of Fidelity Bank PLC Nnamdi Okonkwo alongside the bank’s Head of Operations Martins Izuogbe on grounds that the former received $115m from a former Minister of Petroleum Resources, Diezani Alison-Madueke.
An EFCC source said:
“The MD of Fidelity Bank has been arrested and is currently in our
custody. During investigations into the INEC Resident Electoral
Commissioners, we got a major breakthrough as funds disbursed were
traced to Fidelity Bank.
“We invited the MD, who then confessed
to us that during the build-up to the presidential election, Diezani
invited him to a meeting in Abuja. Diezani told him that some companies
would deposit some funds in his bank and that she would give him further
instructions on how the funds would be disbursed.
company, Auctus Integrated, deposited $17,884,000 into the bank. The
second company, Northern Belt Gas Company, deposited $60m while another
company, Midwestern Oil and Gas, deposited $9.5m. A fourth company, Leno
Laitan Adesanya, deposited $1.85m while the MD himself received $26m in