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EFCC arrests First Bank Director over alleged laundering of $55m for ex-minister
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According to report, Lawal has confessed to laundering $25 million for the ex-minister.
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The Economic and Financial Crimes Commission (EFCC) has reportedly arrested an Executive Director in charge of Public Affairs at the First Bank of Nigeria for allegedly laundering $55million for former petroleum minister,
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According to SaharaReporters, which cited a source at the EFCC, Lawal has confessed to laundering $25 million for the ex-minister.
Report also said that First Bank has distanced itself from the scandal, saying the bank did not handle the cash for which Lawal was arrested.
The bank said Lawal acted in his "private capacity" as a long time friend of the former minister.
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Lawal is said to be in EFCC custody as at the time of filing this report.
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