Fidelity Bank Appoints Acting MD Over The Arrest Of MD/CEO

The Board of Directors of Fidelity Bank Plc has appointed the Executive Director, North, Alhaji Mohammed Balarabe, as the Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval.

The appointment, according to a statement by the bank on Monday, follows the absence of the Managing Director/Chief Executive Officer, Mr. Nnamdi Okonkwo, who was last week arrested by the Economic and Financial Crimes Commission alongside some officials of the bank for allegedly receiving $115m (N23bn) from a former Minister of Petroleum Resources, Diezani Alison-Madueke, to prosecute the re-election of former President Goodluck Jonathan, Punch reports.

This post is currently not accepting comments.