The Economic and Financial Crimes Commission has arrested a former Managing Director of Fidelity Bank, Nnamdi Okonkwo.

Mr. Okonkwo was apprehended in connection with suspected fraud by former Minister of Petroleum Resources, Diezani Alison-Madueke

According to an EFCC source, there is an additional $72,870,000 still in coffers of Fidelity bank.

Mr. Okonkwo, who is currently the Chairman of First Bank Holding, alongside others, had earlier been grilled over a sum of $153million and $115million by the Commission.

While all the $153 million were recovered by the EFCC, the cases involving $115million, as it relates with the Independent National Electoral Commission, INEC, bribery matter, are in various courts.

Mr. Okonkwo and Charles Onyedibe are currently being detained by the EFCC over the whereabouts of the new $72.8m.

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