The bank MD also revealed that Ugonna however acted as a middleman as the funds were being disbursed.
Reports say Mr. Madueke's name was mentioned while EFCC operatives were interrogating the Managing Director (MD) of Fidelity bank PLC, Mr. Nnamdi Okonkwo.
Okonkwo was arrested by the anti-graft agency for allegedly receiving the sum of $115m from former minister of petroleum resources.
According to an EFCC source who spoke to Punch, the Fidelity bank MD said Diezani asked him to help with some payments to officials of the Independent National Electoral Commission (INEC).
The bank MD also revealed that the former minister’s son however acted as a middleman as the funds were being disbursed.
According to the EFCC source, “The MD said it was Diezani’s son that sent him a list of beneficiaries which included several INEC officials and election monitors across the 36 states. Diezani specifically instructed that the funds be disbursed at least a day or two before the elections. The total amount of money was $115m and Diezani told the bank to convert the funds into naira, which was about N23.3bn at the time.
“However, the suspects told us that the volume of money was too big and they had problems converting the funds. So, Diezani told the bank MD to use the bank’s funds and hold on to the dollars as collateral and that after elections, the bank could use the dollars to replace the bank funds.”
Okonkwo might be for conspiracy by the EFCC.
The EFCC recently recovered jewellery worth over £2 million (N593 million) from Diezani and the wife of her associate, Jide Omokore.
The former minister is currently in the United Kingdom (UK), reportedly receiving treatment for Cancer.
She was arrested in London on Friday, October 2, 2015, by the UK National crime Agency, for money laundering.
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