The Economic and Financial Crimes Commission (EFCC) has arrested a former Managing Director of Fidelity Bank Plc., Nnamdi Okonkwo, over the whereabouts of $72,870,000 hitherto in the coffers of the bank.

The money, according to the anti-graft agency, was discovered in the ongoing investigations of former Minister of Petroleum Resources, Diezani Alison-Madueke.

Okonkwo, who is billed to resume as Group Managing Director of First Bank Holdings in January 2022, alongside others, had earlier been grilled over a sum of $153 million and $115 million by the Commission.

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

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

“He is with us as we speak,” an official of EFCC told The Star on Wednesday evening.