EFCC Trails MD of First Bank, Nnamdi Okonkwo

The Economic and Financial Crimes Commission (EFCC) has trailed the newly appointed managing director of First Bank Holdings, Nnamdi Okonkwo.

Mr Okonkwo was the former MD of Fidelity Bank before his appointment in his new role.

Sources reported that he was being interrogated over his role in the Diezani Alison Madueke’s case.

A report said that when he was the MD of Fidelity Bank, he was involved in the transfer of $153.3 million from the account of the Nigeria National Petroleum Commission to the former Minister of petroleum.

The EFCC had earlier in 2017 detained Mr Okonkwo with a 14 count charge to include money laundering.

The reason for the latest arrest was unclear at the time of reporting.

Mr Okonkwo was appointed as the new General Managing Director of FBN Holdings Plc on October 28. His appointment is to take effect from January 1, 2022, after U.K Eke stepped down on December 31, 2021.

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