The Economic and Financial Crimes
Commission (EFCC) has released the Managing Director of Fidelity Bank Plc, Mr.
Nnamdi Okonkwo.
Mr. Okonkwo was alleged to have
received $115 million in deposits to the bank from former Petroleum Resources
Minister, Diezani Allison-Madueke, and allegedly helped to disburse money from
this to electoral officials.
Okonkwo was arrested for failing
to report the transaction to the Nigerian Financial Intelligence Unit, NFIU, as
required by the law.
However, the management of the
bank last week said the transactions were duly reported as required by the
regulators.
A very reliable source close to
the bank confirmed Okonkwo’s release on Thursday evening, but it was however
not certain as at Thursday night whether Okonkwo will return to his position as
Managing Director.
The bank had also on Tuesday
announced Alhaji Mohammed Lawal Balarabe as acting Managing Director subject to
regulatory approval.
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