Access Bank’s Head Office Raided By The EFCC, MD Arrested

Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday afternoon raided the head office of Access Bank in Victoria Island, Lagos.

The anti-graft agency, which has been carrying out investigations on alleged abuse of funds under the last administration, extended its dragnet to the banking sector recently.

Herbert Wiwge, the group managing director, was picked by the operatives and there is every likelihood that he would spend the weekend in detention.

Last week, the commission arrested Nnamdi Okonkwo, managing director (MD) of Fidelity Bank Plc, over an alleged $115 million received from Diezani Alison-Madueke, former minister of petroleum resources.

The bank was accused of not reporting the transaction to the Nigerian Financial Intelligence Unit (NFIU) as required by the law, an allegation Fidelity Bank denied.

Fidelity subsequently named Balarabe Musa, one of its executive directors, as acting MD.

Two days ago, EFCC officials were at the headquarters of Sterling Bank where they picked the MD, Yemi Adeola, who is currently in their custody.