EFCC releases ex-Fidelity Bank boss Nnamdi Okonkwo

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Nnamdi Okonkwo

Nnamdi Okonkwo, former managing director of Fidelity Bank has been released by the Economic and Financial crimes Commission, EFCC.

Wilson Uwujaren, the EFCC spokesman said Okonkwo was released by the agency on administrative bail.

“He was released on administrative bail late last night”, Uwujaren said.

Okonkwo, who had been a serial guest of the EFCC since 2015 was pulled in Wednesday by the EFCC to assist in unravelling the latest financial loot of former Minister of Petroleum Resources, Diezani Alison-Madueke.

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The EFCC found that Diezani also spirited $72, 870,000 in an account with Fidelity under Okonkwo’s watch.

Okonkwo had earlier been grilled over other loots by Diezani, $153million and $115million by the Commission.

“While all the $153 million were recovered by the EFCC, the cases involving $115million, as it relates with the Independent National Electoral Commission, INEC, bribery matter, are in various courts.

“Okonkwo and Charles Onyedibe are currently being detained by the EFCC over the whereabouts of the new $72.8m”, Uwujaren stated.

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