The EFCC released the chief executive officers of two Nigerian banks after they returned billions of Naira they had illicitly acquired from political slush funds.
Yemi Adeola, the Sterling Bank’s CEO, was released on Friday, May 6, after he deposited a payment of N5 billion.
He is expected to pay back a total of N17 billion to the recovery accounts of the Nigerian treasury within two weeks.
The EFCC also released Herbert Wigwe, the managing director of Access Bank Plc.
The case of Access Bank was linked to oil businessmen, Jide Omokore and Kola Aluko, who are suspected to have stolen more than $6 billion from oil proceeds.
The Economic and Financial Crimes Commission (EFCC) has reportedly released the chief executive officers of two Nigerian banks.
According to Sahara Reporters, the men regained freedom after they returned billions of naira they had illicitly acquired from political slush funds during the administration of former president Goodluck Jonathan.
The EFCC sources revealed that Yemi Adeola, the Sterling Bank’s CEO, was released on Friday, May 6, after he deposited a payment of N5 billion.
According to one of the sources, the money returned by Adeola was in partial restitution for a transaction of $88 million he received from Diezani Alison-Madueke, a former minister of petroleum resources.
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