$115m deal: CBN officials swoop on Fidelity Bank’s Hq

Top officials of the Central Bank of Nigeria (CBN’s) compliance unit yesterday swooped on the headquarters of Fidelity Bank Plc. in Lagos, as part of investigations into the $115 million cash deposit deal involving key officials of the lender.

The bank’s Managing Director/Chief Executive Officer, Nnamdi Okonkwo, as well as its Head of Operations, Martins Izuogbe, are currently being detained by the Economic and Financial Crimes Commission (EFCC) over suspicion that the money was received from the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, allegedly for bribing officials of the Independent National Electoral Commission (INEC) during the 2015 elections.New Telegraph gathered that the bank’s executive committee had already made a comprehensive presentation to the CBN on the transactions and the visit by the compliance department of the apex bank was to enable CBN officials to compare transaction documents with the presentation made by the committee.
Okonkwo has been in the custody of the EFCC since Wednesday last week, as part of investigations into transactions made in the run-up to presidential elections last year. The lender had maintained that the transactions were duly reported to the appropriate agencies, as required by law.
http://newtelegraphonline.com/115m-deal-cbn-officials-swoop-fidelity-banks-hq/