Home Corporate News Fraud Of N1.3 Trillion: First Bank’s New GMD Nabbed By EFCC

Fraud Of N1.3 Trillion: First Bank’s New GMD Nabbed By EFCC

Mr Nnamdi Okonkwo
Mr Nnamdi Okonkwo

Reports have indicated that Mr Nnamdi Okonkwo, the immediate past Chief Executive Officer/ Managing Director of Fidelity Bank Nigeria, now Group Managing Director of First Bank Plc has been arrested by the Economic and Financial Crimes Commission (EFCC).

The banking veteran was reportedly picked up three days ago by the anti-graft agency and has been providing useful information on his role in the sleaze and monumental fraud in the Niger Delta Development Company during his time as the managing director of Fidelity Bank.

Sources close to The Street Journal that broke the news revealed that Okonkwo is being grilled over N1.3 trillion fraud linked to the agency.

He is also believed to be allegedly linked to the over $153,310.000 brought to Fidelity Bank Plc from NNPC on behalf of Mrs. Diezani Alison-Madueke, by a former executive director of First Bank of Nigeria Plc, Dauda Lawal.

When contacted by PMParrot, Wilson Uwujaren, EFCC’s spokesman said “I don’t have any of knowledge of that.”

Credit: thestreetjournal.org

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