The management of Fidelity Bank has responded to reports that their Chief Executive Officer, Mr. Nnamdi Okonkwo and the bank’s Head of Operations, Mr. Martin Izuogbe were arrested by the Economic and Financial Crimes Commission over an alleged $115 million election bribery scandal.
According to reports, an EFCC source stated, “We are looking at a case of conspiracy between Fidelity Bank and the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to bribe INEC officials to rig the 2015 presidential election nationwide.”
But in its response, the bank denied the allegations, stating that the transactions were business as usual.
In an emailed statement, the bank disclosed, “Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015.
“The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC).
“We can confirm that the transactions were duly reported as required by the regulators and the Bank is cooperating fully with the authorities on the investigation.
“We assure our numerous stakeholders, including our customers that we are working assiduously towards a quick resolution of the issues.”
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