EFCC Grills Nnamdi Okonkwo, MD of First Bank Holdings

The Economic and Financial Crimes Commission has reportedly grilled Nnamdi Okonkwo, the Managing Director of First Bank Holdings over his alleged role in the transfer of $153m linked with Nigeria’s former petroleum minister, Diezani Alison-Madueke from the Nigerian National Petroleum Commission.

The EFCC had claimed that Diezani siphoned $153m out of the Nigerian National Petroleum Corporation and stashed it in three banks in the country.

The anti-graft agency had in January 2017 claimed that the former Managing Director of Fidelity Bank Plc, Okonkwo, allegedly helped Diezani to take delivery of the money, and kept $40m with the former Executive Director, Public Sector Accountant, First Bank Plc, Mr. Dauda Lawal, in order to conceal the source.

The banker’s grilling is coming barely three weeks after the announcement by FBN Holdings Plc that Okonkwo will replace Mr U.K. Eke as the group managing director of the company, following the successful completion of Eke’s two-term tenure.

Okonkwo will assume office as the GMD of FBN Holdings Plc effective January 1, 2022 as Eke’s retirement will take effect on December 31, 2021.


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