Court Orders EFCC To Hold Nnamdi Okonkwo, Fidelity Bank MD

<div xmlns='http://www.w3.org/1999/xhtml'><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFX6Fx23IgROE6ROmjEgiKZtLQSGIcW4Rd_SnfmFnKljraJHtaiAcURk658HGJO7W3Q5VPF9eoHoLAZ3HZBJEp1SlQFJUmWaOXX3wNA53ZiGo3MzmJ7OWNFuY8tX2NVmL7HdGKtKk-uVrh/s2560/%25255BUNSET%25255D.jpg" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFX6Fx23IgROE6ROmjEgiKZtLQSGIcW4Rd_SnfmFnKljraJHtaiAcURk658HGJO7W3Q5VPF9eoHoLAZ3HZBJEp1SlQFJUmWaOXX3wNA53ZiGo3MzmJ7OWNFuY8tX2NVmL7HdGKtKk-uVrh/s640/%25255BUNSET%25255D.jpg" style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;"/></a>The Economic and Financial Crimes Commission has obtained a remand order to keep the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and the bank’s Head of Operations, Mr. Martins Izuogbe, pending the outcome of investigations.<br/> <br/> A reliable source at the EFCC told our correspondent on Friday that the EFCC had been given permission to detain the suspects for 30 days.<br/> <br/> The source said, “On Thursday, we approached a court in Lagos, where we applied for a remand order. The court granted our prayer and gave us permission to hold them for 30 days pending the conclusion of investigations.”<br/> <br/> <br/> This implies that the two top bankers would spend the Workers’ Day holiday in detention.<br/> <br/> The anti-graft agency had arrested Okonkwo and Izuogbe earlier in the week for their alleged role in the distribution of $115m (N23bn) to officials of the Independent National Electoral Commission and election monitors about two days before the 2015 presidential election.<br/> <br/> The bank officials were said to have handled the funds for a former Minister of Petroleum Resources, Diezani Alison-Madueke. Diezani was said to have met with Okonkwo before the elections and handed him $26m in cash to help her keep even though she had no account with Fidelity Bank.<br/> <br/> She was also alleged to have informed the bank MD that four other companies would deposit $89m and he should help her to convert the monies to naira.<br/> <br/> Diezani’s son, Ugonna Madueke, who the EFCC is now looking for, allegedly gave Okonkwo a list containing the names of people who would receive the funds.<br/> <br/> Fidelity Bank has, however, denied any wrongdoing, adding that it reported its financial dealings to the appropriate authorities.</div>

Court Orders EFCC To Hold Nnamdi Okonkwo, Fidelity Bank MD

The Economic and Financial Crimes Commission has obtained a remand order to keep the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okon...

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