Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday afternoon raided the head office of Access Bank in Victoria Island, Lagos.

The anti-graft agency, which has been carrying out investigations on alleged abuse of funds under the last administration, extended its dragnet to the banking sector recently.

It was gathered that Herbert Wigwe, the Group Managing Director of the bank, was picked by EFCC operatives, an indication he may spend the weekend in detention. A top official of the Commission told Saturday Sun that Wigwe was indeed arrested and will be spending the weekend in cell.

Last week, the anti-graft agency arrested Nnamdi Okonkowo, Managing Director of Fidelity Bank Plc, over an alleged $115 million received from Diezani Alison-Madueke, former minister of petroleum resources.

The bank was accused of not reporting the transaction to the Nigerian Financial Intelligence Unit (NFIU) as required by law, an allegation Fidelity Bank denied.

Fidelity subsequently named Balarabe Musa, one of its executive directors, as acting MD.

Two days ago, EFCC officials were at the headquarters of Sterling Bank where they picked the MD, Yemi Adeola, who is currently in their custody.

•Sourced from Saturday Sun. Photo shows Access Bank MD, Herbert Wigwe.