Home News EFCC Arrests Surety As Fidelity Bank MD, Nnamdi Okonkwo Allegedly Jumps Bail

EFCC Arrests Surety As Fidelity Bank MD, Nnamdi Okonkwo Allegedly Jumps Bail


The Economic and Financial Crimes Commission has taken into custody the surety of the managing director of Fidelity Bank Plc, Nnamdi Okonkwo, after the suspect jumped the administrative bail granted him by the commission, PREMIUM TIMES has learnt.

Chris Ezem who stood as surety for the Fidelity Bank boss was arrested by EFCC operatives on Wednesday after Mr Okonkwo failed to report to the commission’s office.

“The [Fidelity Bank] MD failed to report to be served his charges,” a source at the commission who declined to be named because he was not authorised to speak on the matter told PREMIUM TIMES.

Mr Okonkwo is facing a 14-count charge of conspiracy and money laundering alongside a former director at First Bank, Dauda Lawal, before a federal judge.

According to the EFCC, the suspects alongside Lanre Adesanya and Stanley Lawson, conspired with former petroleum minister, Diezani Alison-Madueke, to conceal $153 million in 2015.

The anti-graft agency often grants administrative bail to suspects who are being investigated and requires them to physically report periodically to the commission’s office.

A suspect is deemed to have jumped administrative bail if the person fails to physically present himself/herself on any of the agreed times.

“The implication is that the surety will be charged to court,” the source continued.

“And at the next adjourned date, if he (Mr Okonkwo) still has not reported to the commission, they can get a bench warrant and declare him wanted.”

When contacted, Tony Orilade, the EFCC spokesperson, said he was not aware of the development and added that he would confirm the information and revert.

He was yet to do so at press time.

On Monday, when the matter came up at the Lagos Division of the Federal High Court, Mr Okonkwo was absent in court.

He was also not represented by a lawyer.

The matter was thereafter adjourned till December 14 to enable the to EFCC serve the charge sheet to all the defendants.

Credit: 247nigerianewsupdate