The Economic and Financial Crimes Commission has released the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo.
Okonkwo was released by the anti-graft agency on Thursday.
The Fidelity Bank chief who spent over a week in the EFCC custody was alleged to have received $115 million in deposits to the bank from former Petroleum Resources Minister, Diezani Allison-Madueke.
By that the bank allegedly provided the platform for the laundering of the funds through which electoral officials were said to have been bribed.
The bank’s management said last week that the transactions were duly reported as required by the regulators.
The bank is yet to say whether Okonkwo will return to his position as Managing Director. The bank had earlier announced Alhaji Mohammed Lawal Balarabe as acting Managing Director subject to regulatory approval.
