The
Economic and Financial Crimes Commission has arrested the Managing Director and
Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and some
officials for allegedly receiving $115m from a former Minister of Petroleum
Resources, Diezani Alison-Madueke.
The EFCC also arrested
the bank’s Head of Operations, Mr. Martins Izuogbe, for his role in the alleged
scam, which the anti-graft agency described as unprecedented.
A reliable source in
the commission on Wednesday told our correspondent on condition of anonymity
that during the build-up to the 2015 presidential election, Diezani invited
Okonkwo to help her handle some cash, which would be disbursed to electoral
officials and groups.
The source disclosed
that the fraud was uncovered when the EFCC began investigations into how
officials of the Independent National Electoral Commission in Rivers, Delta and
Akwa Ibom states received N675.1m.
The detective said,
“The MD of Fidelity Bank has been arrested and is currently in our custody.
During investigations into the INEC Resident Electoral Commissioners, we got a
major breakthrough as funds disbursed were traced to Fidelity Bank.
“We invited the MD,
who then confessed to us that during the build-up to the presidential election,
Diezani invited him to a meeting in Abuja. Diezani told him that some companies
would deposit some funds in his bank and that she would give him further
instructions on how the funds would be disbursed.
“The first company,
Auctus Integrated, deposited $17,884,000 into the bank. The second company,
Northern Belt Gas Company, deposited $60m while another company, Midwestern Oil
and Gas, deposited $9.5m. A fourth company, Leno Laitan Adesanya, deposited
$1.85m while the MD himself received $26m in cash.”
The source alleged
that Diezani’s son, Ugonna Madueke, later served as a middleman between the
former minister and the MD of the bank.
He said it was
Diezani’s son who forwarded the names of the beneficiaries of the funds, which
included INEC officials and several interest groups as well as election
monitors, who were expected to compromise the electoral process.
He said, “The MD said
it was Diezani’s son that sent him a list of beneficiaries which included
several INEC officials and election monitors across the 36 states. Diezani
specifically instructed that the funds be disbursed at least a day or two
before the elections. The total amount of money was $115m and Diezani told the
bank to convert the funds into naira, which was about N23.3bn at the time.
“However, the suspects
told us that the volume of money was too big and they had problems converting
the funds. So, Diezani told the bank MD to use the bank’s funds and hold on to
the dollars as collateral and that after elections, the bank could use the
dollars to replace the bank funds.”
The source stated that
Diezani did not operate any account with the bank and wondered why Okonkwo
would allow himself to be used in such a manner.
“He may be charged
with conspiracy once we are done with investigations,” the source
said. The PUNCHhad reported that a wristwatch worth £600,000 was seized
from Diezani during a raid on one of her houses.
The ex-minister, who
is currently battling cancer, was last year arrested by the National Crimes
Agency in the United Kingdom for sundry allegations.
Under her watch as one
of former President Goodluck Jonathan’s most powerful ministers, dubious oil
marketers stole trillions of naira of oil subsidy money.
The then Governor of
Central Bank of Nigeria, Sanusi Lamido Sanusi (now the Emir of Kano), alleged
that $20bn was missing from the account of the Nigerian National Petroleum
Corporation, an allegation which led to his suspension and replacement.
She had, however,
denied all allegations of corruption levelled against her. The family lawyer,
Oscar Onwudiwe, who had, in a statement, denied allegations against the former
minister, said, “The Madueke family, like most other families, has its own
challenges. For instance, Mrs. Diezani Alison-Madueke has been receiving
treatment for cancer in the UK.”
All attempts to speak
with the spokesperson for Fidelity Bank, Mr. Ejike Ndiulo, proved abortive as
his telephone indicated that it was switched off.
However, a senior
official of the bank, who spoke with our correspondent on condition of
anonymity, said the bank would issue a statement on Thursday (today).
“We don’t have all the
facts of the case yet. However, we will issue a statement on the matter on
Thursday,” he said.
SOURCE:Punch
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