The management of Fidelity Bank Plc has confirmed the arrest of its Managing Director and Chief Executive Officer, Nnamdi Okonkwo, and some officials by the Economic and Financial Crimes Commission, EFCC, for allegedly receiving $115m from a former Minister of Petroleum Resources, Diezani Alison-Madueke.
The in a statement on Thursday said “Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015.
“The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC).
Also read: Fidelity Bank MD, Nnamdi Okonkwo arrested for receiving $115m from Diezani
“We can confirm that the transactions were duly reported as required by the regulators and the Bank is cooperating fully with the authorities on the investigation.
“We assure our numerous stakeholders, including our customers that we are working assiduously towards a quick resolution of the issues.”
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