UK Agency reveal identity of Nigeria bank boss arrested for bribery

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The identity of the Nigerian banker at the head of an international arm of a Nigeria-based bank who was arrested last year in the United Kingdom on suspicion of bribery has been revealed.

Union Bank of Nigeria’s former UK managing director and chief executive, Maurice Phido was detained as part of a National Crime Agency (NCA) bribery probe in 2017, according to reports in the Financial Times (FT).

The news comes on the heel of revelation last week by the deputy director of the UK National Crime Agency (NCA’s) economic crime unit that two individuals tied to the UK branch of an international bank had been detained following a seven-month corruption investigation.

A source told the FT that Phido who no longer works for the bank in UK, has returned to Nigeria and had not been charged with any offence.

The NCA declined to comment.

Source: City AM

 

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