New MD Of First Bank, Nnamdi Okonkwo Lands in EFCC Custody

The Economic and Financial Crimes Commission (EFCC) has arrested the newly appointed Managing Director of First Bank of Nigeria, Nnamdi Okonkwo

Details of the report are still sketchy as of the time of this report but it was gathered that the former MD of Fidelity Bank Plc was detained by the anti-graft agency.

According to reports, Okonkwo, who was the former MD of Fidelity Bank Plc was arrested following his alleged role in the transfer of $153m linked with Diezani Alison-Madueke, the former petroleum minister, from the Nigerian National Petroleum Commission.

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Recall that in 2017, Okonkwo was accused of helping the former minister to take the money and keep $40m with the former Executive Director, Public Sector Accountant, First Bank Plc, Mr. Dauda Lawal.

As of the time of this report, It is not clear if Okonkwo has been released or he is still in the custody of the EFCC

Okonkwo recently took over from Mr. U.K. Eke as the MD of First Bank of Nigeria and was meant to resume duty on January 1, 2022, following the retirement of Eke, which will take effect on December 31, 2021.

First Bank had in a statement released to newsmen stated that Okonkwo’s 30 years experience would be of great value to the board.

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