The board of directors of Fidelity Bank Plc has approved an investigation into the previous activities of Nnamdi Okonkwo, the bank’s controversial immediate past Managing Director and Chief Executive Officer, E-NIGERIA! reports.

Nneka Onyeali-Ikpe, the bank’s new Managing Director/CEO, is spearheading the investigation, according to inside sources.

Reliable inside sources informed this newspaper Onyeali-Ikpe felt compelled to investigate Okonkwo’s activities following  a pool of information at her disposal.

NNamdi Okonkwo former Fidelity Bank MD who is now investigated by the board
NNamdi Okonkwo former Fidelity Bank MD who is now investigated by the board
Nneka Onyeali-Ikpe, the new Fidelity bank MD, championing the investigation
Nneka Onyeali-Ikpe, the new Fidelity bank MD, championing the investigation

Mrs. Onyeali-Ikpe, who has been instrumental in Fidelity Bank’s transformation over the years, took over as Managing Director on January 1, 2021, after six years with the bank.

E-NIGERIA! Newspaper learnt that Onyeali-Ikpe ordered all consultants hired under Okonkwo’s term to be investigated in order to verify there were no abnormalities in the system.

Many of the bank’s top executives quickly resigned from their positions shortly after Onyeali-Ikpe was handed the baton, although our source could not corroborate the reasons for the bulk resignation.

Okonkwo, on the other hand, is no stranger to controversies and scandals.

The EFCC had previously arrested and prosecuted Okonkwo and certain Fidelity Bank staff for allegedly receiving $115 million from Alison-Madueke. During the run-up to the 2015 presidential election, the EFCC said that Alison-Madueke invited the former Fidelity Bank chief to help her handle some cash, which was eventually disbursed to electoral officials and organizations.

Before President Muhammadu Buhari took office, the anti-graft bureau had filed money laundering allegations against Alison-Madueke and Okonkwo.

This newspaper also has it on good authority that Okonkwo is rattled by Onyeali’s audacity for fear of becoming embroiled in yet another round of messy controversy. In our upcoming piece, we’ll go over this in further detail.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here