First Bank Holdings MD, Nnamdi Okonkwo, reportedly arrested by EFCC

Economic and Financial Crimes Commission (EFCC) has arrested the recently appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo.

The Guardian is reporting that he was arrested yesterday night, and that, the arrest was part of ongoing investigations of former Minister of Petroleum Resources, Diezani Alison-Madueke.

According to the source, Okonkwo, who is a former Managing Director of Fidelity Bank Plc, was arrested and detained by the anti-graft agency over an additional $72, 870,000 million still in the coffers of the bank.

Okonkwo, alongside others, had earlier been grilled over a sum of $153 million and $115 million by the commission.

The EFCC had claimed Diezani siphoned $153 million out of the Nigerian National Petroleum Corporation 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.