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Diezani Alison-Madueke EFCC arrests Bank MD for allegedly receiving $115m from ex minister

Diezani asked Okonkwo to to help handle the disbursements of funds to some Independent National Electoral Commission (INEC) officers.

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Diezani Alison Madueke. play

Former minister of Petroleum Resources, Diezani Alison Madueke.

(Sun News)

The Economic and Financial Crimes Commission (EFCC) has arrested the Managing Director (MD) of Fidelity bank PLC, Mr. Nnamdi Okonkwo for allegedly receiving the sum of $115m from former minister of petroleum resources, Diezani Alison-Madueke.

Reports say Okonkwo was asked by Alison-Madueke to help handle the disbursements of funds to some Independent National Electoral Commission (INEC) officers.

An EFCC source who spoke to Punch said “The MD of Fidelity Bank has been arrested and is currently in our custody. During investigations into the INEC Resident Electoral Commissioners, we got a major breakthrough as funds disbursed were traced to Fidelity Bank.

“We invited the MD, who then confessed to us that during the build-up to the presidential election, Diezani invited him to a meeting in Abuja. Diezani told him that some companies would deposit some funds in his bank and that she would give him further instructions on how the funds would be disbursed.

READ: EFCC arrests Diezani's husband over money laundering

“The first company, Auctus Integrated, deposited $17,884,000 into the bank. The second company, Northern Belt Gas Company, deposited $60m while another company, Midwestern Oil and Gas, deposited $9.5m. A fourth company, Leno Laitan Adesanya, deposited $1.85m while the MD himself received $26m in cash.”

The former Minister of petroleum resources, Diezani Alison-Madueke was arrested in  London on Friday, October 2, 2015, by the UK National crime Agency, for money laundering.

Some Fidelity bank officials, including its Head of Operations, Mr. Martins Izuogbe, were also arrested in connection with the alleged scam.

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