First Bank Holdings MD lands in EFCC net

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Aishat Ibrahim

The newly appointed Managing Director of First Bank of Nigeria (FBN) Holdings Plc, Nnamdi Okonkwo has again been quizzed by the Economic and Financial Crimes Commission (EFCC).

According to multiple reports, Okonkwo was detained on Sunday night by the anti-graft agency for his alleged role in the transfer of $153.3million from Nigeria National Petroleum Commission (NNPC) on behalf of former Minister of Petroleum, Diezani Alison.

He allegedly made the transaction while he was still the Managing Director of Fidelity Bank.

Recall that on April 28, 2016, the banker landed in EFCC custody over the same matter. The anti-graft agency later slammed him with a 14-count charge including money laundering.

However, it is still unclear whether his fresh round of investigation is connected to the first detention in 2016.

Meanwhile, Premium Times newspaper reported that Okonkwo has since been released. The EFFC, however, is yet to provide details on the development, as of the time of filling this report.

On October 28, FBN Holdings Plc, in a note to the Nigerian Exchange Limited, appointed Okonkwo as its new General Managing Director of the Company with effect from January 1st, 2022.

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