$153m Diezani's scam: EFCC re-arrests Fidelity Bank MD

The Economic and Financial Crimes Commission (EFCC) has rearrested Nnamdi Okonkwo, the Managing Director of Fidelity Bank, over the discovery of $153 million in new funds also laundered through the bank by former petroleum minister, Diezani Alison-Madueke.

Arrested along Okonkwo is one of the bank’s Heads of Operations, Martins Izuogbe, for his role in the alleged scam, which the anti-graft agency described as unprecedented.

SaharaReporters learnt that the two top management officials were arrested and detained at the Lagos offices of the EFCC.

They picked up by operatives of the anti-graft agency after fresh revelations emerged that the former oil minister laundered the money through the bank for purposes of rigging the 2015 elections in favor of former President Goodluck Jonathan.

JIB had last month reported that the former managing director was arrested by the EFCC for allegedly assisting former Petroleum Minister, Diezani Allison-Madueke to launder $115 million cash.



- News 24