Diezianigate: FBN Holdings Confirms Arrest of First Bank ED by EFCC

Credit: saharareporters.com
Credit: saharareporters.com

By InvestAdvocate

Lagos (INVESTADVOCATE)-FBN Holdings Plc last week confirmed the arrest of its executive director by the Economic and Financial Crimes Commission (EFCC).

FBN Holdings said the arrest is in connection of sums allegedly distributed by  former Petroleum Minsiter, Deziani Allison-Madueke; involving Dauda Lawal and ED of First Bank of Nigeria Limited.

“As a law abiding citizen, he is cooperating fully with the authorities in this regard,” FBNH said.

This is coming on the heels of a report last week by Sahara Reporters that  Lawal, an ED in charge of Public Affairs at the First Bank of Nigeria, was arrested by the EFCC for allegedly helping former Nigeria Petroleum Minister, Diezani Alison-Madueke, launder about $55million.

 

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