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.
The bank, however, reassured the over 400,000 shareholders and 3.4 million customers of its continued seamless services.
The EFCC also arrested the bank’s Head of Operations, Mr. Martins Izuogbe, for his role in the alleged scam, which the anti-graft agency described as unprecedented.
Add Comment
You must log in to post a comment.