The Economic and Financial Crimes Commission (EFCC) on Friday afternoon raided Access Bank and made away with its Group Managing Director, Herbert Wigwe.
Sources familiar with the motive of the raid have told Ekekeee that the bank has been fingered in slush funds laundered by officials of the Nigerian Maritime Administration and Safety Agency (NIMASA).
Some $5m allegedly looted by former petroleum resources minister, Diezani Alison Madueke, was also stashed in the bank’s coffers. The funds were routed through Zenith Bank.
The anti-graft agency has been raiding banks in the last couple of days as the Buhari administration intensifies efforts to crack down on official graft.
Last week, the commission arrested the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, over an alleged $115m received from Diezani.
Investigators say the bank failed to report the transaction to the Nigerian Financial Intelligence Unit as required by law. Fidelity bank denied the allegations.
Soon after, Fidelity Bank named the Executive Director, North, Mr. Balarabe Musa, as its acting MD.
Two days ago, EFCC officials stormed the headquarters of Sterling Bank where they quizzed the Managing Director, Mr. Yemi Adeola.
Sources familiar with the raids say more banks will be visited by the EFCC in the days ahead.
The post Why EFCC raided Access Bank and arrested its MD appeared first on Ekekeee.