Fidelity Bank MD released from EFCC custody

Embattled Managing Director of Fidelity Bank, Nnamdi Okonkwo, has been released from the custody of the Economic and Financial Crimes Commission (EFCC).

It would be recalled that Okonkwo was arrested last Wednesday for his alleged role in laundering $153 million for former Minister of Petroleum Resources, Diezani Alison-Madueke.

According to Punch, who spoke to a source privy to the issue, Okonkwo was released after he made useful statements to the EFCC and was no longer needed.

The source also disclosed that the bank chairman would be charged for money laundering, conspiracy and fraud before a Federal High Court in Lagos.

The source said: “We believe the $153m is part of the money missing from the NNPC account. He gave us some names and we are already on the trail of the other suspects. We will arrest all of them.

“We have, however, released the bank MD. We released him because he had told us everything we needed to know. We will arraign him next week. Releasing him doesn’t stop our arraignment.”

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