Reps C’mittee summons Fidelity Bank MD over unremitted funds

By Haruna Salami

The Committee investigating looted funds summoned the Managing Director (MD) of Fidelity Bank, Nneka Onyeali-Ikpe to appear before it next week Wednesday alleged falsified records and unremitted funds from Nigeria National Petroleum Corporation (NNPC).

The MD, is also expected to appear in respect of the recovered looted funds- from the former Petroleum Minister, Diezani Allison Madueke, which were traced to Fidelity Bank.

Out of the $153 million of the looted funds from NNPC, $40 million was alleged to have passed through Fidelity Bank. 

It would be recalled that the and Financial Crimes Commission (EFCC) last week arrested the former MD of Fidelity Bank, Nnamdi Okonkwo over role in the $153 million recovered funds from former Petroleum Minister, Allison Madueke.

Meanwhile, there are indications that the former Fidelity Bank MD would be invited to appear alongside the current MD to give explanation on some of the issues raised committee.

The above was taken when different banks appeared before the House investigative panel to respond to issues arising from the recovered looted funds from NNPC.

The Chairman of committee, Adejero Adeogun, in ruling threatened to issue a warrant of arrest the MD refuse to appear on the next adjourned date.

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