New FBNHoldings MD Nnamdi Okonkwo denies arrest over NDDC

MD, Fidelity Bank, Nnamdi Okonkwo

Former chief executive officer of Fidelity Bank Plc and newly appointed group managing director of FBNHoldings Nnamdi Okonkwo has discredited reports that he was arrested by the Economic and Financial Crimes Commission (EFCC).

Some online news outlets had reported that Mr Okonkwo was arrested three days ago by the EFCC over alleged fraud in the Niger Delta Development Company (NDDC).

The reports claimed Okonkwo “has been providing useful information on his role in the sleaze and monumental fraud to the tune of N1.3 trillion in the Niger Delta Development Company (NDDC) during his time as the managing director of Fidelity Bank Plc.”

However, the banker told The Witness on Friday that he was neither arrested nor invited by the anti-graft agency over such matter.

“…You can see me in my house, dining with my wife. I just returned from the gym and decided to have some rest. Please, it’s not true, I was not arrested and was never invited by the EFCC over NDDC fraud,” he said.

Okonkwo, whose appointment as chairman of FBNHoldings takes effect from January 1, 2022, has more than 30 years of commendable banking career spanning local and international experience.