Nnamdi Okonkwo, a former Managing Director and Chief Executive Officer of Fidelity Bank Plc, has been interrogated by a Presidential commission led by Justice Ayo Salami, former President of the Appeal Court,  E-NIGERIA! Newspaper learned.

Recall that the presidency appointed Justice Ayo Salami’s panel to investigate the activities of Ibrahim Magu, the beleaguered former Chairman of the Economic and Financial Crimes Commission (EFCC).

Nnamdi Okonkwo former Fidelity Bank MD/CEO
Nnamdi Okonkwo former Fidelity Bank MD/CEO

From May 2015 until May 2020, Magu was under investigation for charges of abuse of office and mishandling of Federal Government Recovered Assets and Finances.

“The Justice Salami-led Presidential Panel identified a high level of inconsistency in most high-profile cases personally handled by Magu why analyzing his numerous activities in office, and the level of rot is quite terrifying,” a source told E-nigeria!

Nnamdi Okonkwo’s case, which bordered on high-level fraud and money laundering, was one of the numerous cases that allegedly drew the attention of the panel.

The EFCC had earlier arrested and prosecuted Okonkwo and certain Fidelity Bank employees for allegedly receiving $115 million from Alison-Madueke.

The EFCC claims that Alison-Madueke invited the former Fidelity Bank boss to help her handle some funds in the run-up to the 2015 presidential election, which was eventually paid to electoral officials and groups.

E-nigeria! Newspaper learned at the time of reporting this story that the Justice Ayo Salami Panel is considering recommending that the EFCC reopen Nnamdi Okonkwo’s case.

Insiders claim that the EFCC, under Ibrahim Magu, did not pursue Nnamdi Okonkwo’s case with the same intensity as it did Madueke’s, and that is why the panel suspects foul play which led to his invitation and interrogation.

Okonkwo’s whose departure from Fidelity Bank saw the rise of his erstwhile associate Nneka Onyeali-Ikpe is again bedeviled by an increasing number of controversies.

Only a few days ago, this medium exclusively reported on the alleged cold War between Okonkwo and his successor, Onyeali-Ikpe.    CLICK HERE TO READ IT.

Despite the fact that the bank has officially refuted the allegation, E-nigeria! In developing investigation again learned that the bank’s Corporate Communications department, led by Henry Ejike Ndiulo who is also considered an Okonkwo loyalist, has been rendered redundant thus far.

We’ll go over this in greater depth in a future article.




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