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    MarketForces Africa » MarketForces News » Diezani: EFCC Uncovers Additional $72.87m in Fidelity Bank, Arrests Ex-CEO

    Diezani: EFCC Uncovers Additional $72.87m in Fidelity Bank, Arrests Ex-CEO

    Marketforces AfricaBy Marketforces AfricaDecember 15, 2021Updated:December 15, 2021 News No Comments1 Min Read
    Diezani: EFCC Uncovers Additional $72.87m in Fidelity Bank, Arrests Ex-CEO
    Nnamdi Okonkwo, Former MD/CEO, Fidelity Bank
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    Diezani: EFCC Uncovers Additional $72.87m in Fidelity Bank, Arrests Ex-CEO

    The Economic and Financial Crimes Commission (EFCC), said it has uncovered an additional $72.87 million linked to former petroleum minister Diezani Allison-Madueke.

    Mr Wilson Uwujaren, a spokesperson for the commission, said on Wednesday in Abuja that a former Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, has been arrested in connection with the money.

    Uwujaren who said that the money was lodged in the coffers of the bank, added that Okonkwo’s arrest was part of ongoing investigations on the former minister.

    According to him, Okonkwo, who is currently the Chairman of First Bank Holding, alongside others, had earlier been grilled over $153 million and $115 million by the commission.

    “While all the $153 million were recovered by the EFCC, the cases involving $115 million, as it relates with the Independent National Electoral Commission (INEC) bribery matter, are in various courts.

    “Okonkwo and Charles Onyedibe are currently being detained by the EFCC over the whereabout of the new $72.87 million,” he added. #Diezani: EFCC Uncovers Additional $72.87m in Fidelity Bank, Arrests Former MD

    CBN Investors Nigeria
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    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

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    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

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