The Compliance Unit of the Central Bank of Nigeria, (CBN) on Tuesday, visited the corporate headquarters of Fidelity Bank Plc.
According to a major source, the visit is connected with the ongoing investigations into the $115m scam involving the embattled Managing Director of the bank, Nnamdi Okonkwo and Dieziani Allison Madueke, former Petroleum minister under the Goodluck Jonathan’s administration.
The source further revealed that a committee from Fidelity Bank had already made a comprehensive presentation to the apex bank on its involvement in the transaction.
This, according to the source, will further help both the CBN and the Economic and Financial Crimes Commission, (EFCC) in the ongoing investigations.
It was gathered that the visit by the compliance unit of the apex bank to Fidelity Bank was to compare transaction documents with the presentation earlier made by the committee.
Fidelity Bank had on Monday announced the appointment of the Executive Director, North, Mohammed Balarabe, as the Acting Managing Director/Chief Executive of Fidelity Bank with immediate effect subject to regulatory approval.
The bank is yet to however announce if it is replacing him permanently or still expect to retain him despite these allegations and the image it has done to the bank. We believe another press statement will be issued before the end of this week from the bank.
