Thenigerialawyer gathered that Okonkwo, who was first arrested by the commission early in the month, was rearrested by EFCC operatives from its Lagos office in Lagos on Tuesday in connection with the $115 million deposited by the immediate past Minister of Petroleum Resources, Mrs Diezani Allison-Madueke. The money, which was said to have been funded by some oil barons up to the tune of $88.35 million, was disbursed by the bank to certain individuals, including some officials of the Independent National Electoral Commission (INEC) and some interest groups. The money was disbursed ahead of the last presidential election allegedly to compromise result in favour of the then President Goodluck Jonathan, who was the candidate of the then ruling People’s Democratic Party (PDP). It was gathered that as of the time of lodging the fund in the bank, the former minister was not operating any account with Fidelity Bank, the bank failed to report the lodgment to the appropriate financial authorities as stipulated by law. This the bank, through its Head Corporate Communications, Ejike Ndiulo, denied, saying the transactions were duly reported by the bank as required by financial regulators. A source informed that the bank chiefs were rearrested by the commission over the discovery of another $153 million said to have been laundered through the bank by Mrs Allison-Madueke. The source stated that the commission in the course of its investigation into the former minister’s sleaze discovered a fresh dimension of the $153million, which was also meant to favour Dr Jonathan in the 2015 presidential election. But an inside source told the Nigerian Tribune that Okonkwo was rearrested by the commission on the ground that he was withholding vital information which could lead to breakthrough in the ongoing investigations into the $115 million election fund. According to the source, “It is true that the Fidelity Bank MD was rearrested by our operatives in Lagos. He is still with us in Lagos. There is sufficient prove that he is holding on to vital and relevant information regarding the Diezani fund, which can lead to a breakthrough in our investigations. The anti-graft commission had since the discovery of the sleaze moved against some of the beneficiaries in order to make them refund the money they collected.]]>