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Fidelity Bank MD Re-arrested Over Election Funds

Fidelity Bank Partners NEPC LBS To Boost Export Capacity

The Managing Director of Fidelity Bank, Nnamdi Okonkwo, was arrested in April by the EFCC for allegedly receiving $115m from the Former Minister of Petroleum Resources, Diezani Alison-Madueke, during the build-up to the 2015 presidential election. It was gathered that the money was disbursed to bribe electoral officials and groups.

However, he has been rearrested over the discovery of another $153m laundered through the bank by Diezani Alison-Madueke, for the purpose of rigging the 2015 elections in favor of Goodluck Ebele Jonathan.

Categories: BANKING
Haruna Magaji: Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - harunamagaji@financialwatchngr.com
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