$115m Bribe: Fidelity Bank appoints new Acting MD

Fidelity Bank Plc yesterday appointed an Acting Managing Director, Alhaji Mohammed Lawal Balarabe in place of its troubled Chief Executive Officer, Nnamdi Okonkwo. The bank’s Board of Directors which approved the appointment, said the development followed the absence of the substantive Managing Director/Chief Executive Officer. While announcing Balarabe, who prior to the appointment was the […]

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$115m Bribe: EFCC gets court order to hold Fidelity Bank boss

The Economic and Financial Crimes Commission has obtained a remand order to keep the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and the bank’s Head of Operations, Mr. Martins Izuogbe, pending the outcome of investigations. A reliable source at the EFCC told our correspondent on Friday that the EFCC had been given permission […]

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