The Economic and Financial Crimes Commission (EFCC) has launched a massive investigation into accounts and operations in First Bank of Nigeria as part of ongoing hunt for the slush political funds allegedly distributed by the former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke.
FBN Holdings Plc, the parent and holding company for First Bank of Nigeria and its former subsidiaries, today confirmed that the EFCC is investigating the bank because of alleged connections to Diezani’s funds.
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According to the company, the EFCC has invited an executive director of First Bank, Mr. Dauda Lawal in connection with the Diezani funds and he has been cooperating fully with the anti-corruption agency.
EFCC had last week also visited Access Bank and Sterling Bank, but the two banks have clarified that the visits were not connected to Diezani’s political funds or the arms probe, otherwise known as Dasukigate.
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