Nnamdi Okonkwo, new GMD of First Bank, speaks on his arrest by EFCC

Nnamdi Okonkwo biography

Arrest News Today 

, the former CEO of Fidelity Bank, was never arrested by the EFCC.


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Nnamdi Okonkwo, the former Managing Director of Fidelity Bank Plc, has denied reports that he is being held by the Economic and Financial Crimes Commission (EFCC).

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“I cannot be in my bedroom and someone somewhere will be saying, EFCC has arrested me and that I have been in the custody of the anti-graft commission for days,” the seasoned banker, who was recently appointed GMD of First Bank Holding Company, said in an exclusive interview with The Source magazine on Monday.

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Last week, the magazine revealed that the former Fidelity Chief Executive Officer had not been arrested by the Abdulrasheed Bawa-led EFCC, despite reports from several online media that he had been.

“Details of Mr Okonkwo’s arrest remained sketchy Sunday night, although some sources said he was being questioned over his role in the transfer of $153.3 million from the Nigerian National Petroleum Commission to Diezani Alison-Madueke, Nigeria’s former petroleum minister,” according to Premium Times, an online newspaper. At the time, the banker was the managing director of Fidelity Bank.”

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But, in an interview with the magazine today, Okonkwo said he has been preparing for his new post as First Bank Plc Holdco GMD for the past few days.


“Apart from going to the gym” to stay in shape, he said, “I’ve been enjoying myself with my family.” “In the last few days, I’ve also had a series of meetings with my new employer. As a result, I’m not sure what Premium Times is saying. “I can’t be in EFCC custody and expect them to let me speak to you,” he explained.


Okonkwo was named the new General Manager of First Bank Nigeria Holdings Plc three weeks ago.


Following the resignation of UK Eke, Okonkwo will take over as the GMD of FBN Holdings Plc on January 1, 2022, according to a statement from the first generation commercial bank.


It went on to say that Okonkwo would add more than 30 years of banking experience to FBN Holdings’ board of directors, including both local and international knowledge.


According to the announcement, his appointment will be subject to regulatory approval.


Meanwhile, an EFCC source said “the banker cannot be in our custody, and no statement will be issued to that effect,” even though he was not authorised to talk on the matter. Our operations are guided by the principles of honesty and openness to the public. “There is nothing hidden.”

Wilson Uwujaren, a spokesman for the EFCC, did not return the magazine’s calls.



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