STERN-looking operatives of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission, EFCC, on Friday, May 6, raided the head office of Access Bank in Victoria Island, Lagos. TheCable reported that the anti-graft agency, which has been carrying out investigations on alleged abuse of funds under the last administration, extended its dragnet to the banking sector recently.
It was said that Herbert Wiwge, Group Managing Director, Access Bank, was picked up by the operatives and there is likelihood that he would spend the weekend in detention. It would be recalled that earlier, last week, the commission arrested Nnamdi Okonkowo, Managing Director, Fidelity Bank Plc, over an alleged $115 million received from Diezani Alison-Madueke, former minister of petroleum resources.
The bank was accused of not reporting the transaction to the Nigerian Financial Intelligence Unit, NFIU, as required by the law, an allegation Fidelity Bank denied. Fidelity subsequently named Balarabe Musa, one of its executive directors, as acting MD. Two days ago, EFCC officials were at the headquarters of Sterling Bank where they picked up Yemi Adeola, MD of the bank, who is currently in their custody. — Vanguard
— May 16, 2016 @ 01:00 GMT