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EFCC Releases CEOs Of Access Bank, Sterling Bank After They Refund Billions Of Naira

According to reports on SaharaReporters,
The Economic and Financial Crimes Commission (EFCC) has released the chief executive officers of two Nigerian banks after the men returned billions of naira they had illicitly acquired from political slush funds during the administration of President Goodluck Jonathan.

Two EFCC sources told SaharaReporters that Sterling Bank’s CEO, Yemi Adeola, who was arrested on Wednesday in a raid on his bank by EFCC operatives, was released last night after he deposited a payment of N5 billion. According to one of our sources, the money returned by Mr. Adeola was in partial restitution for a transaction of $88 million he received from Nigeria's former Petroleum Minister, Diezani Alison-Madueke.

Mr. Adeola is expected to pay back a total of N17 billion to the recovery accounts of the Nigerian treasury within two weeks.



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EFCC Releases CEOs Of Access Bank, Sterling Bank After They Refund Billions Of Naira

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