Mr. Madueke was arrested this morning by officers of the Economic and Financial Crime Commission (EFCC) in Abuja for illegally laundering the money through his personal accounts.
The source hinted however that Madueke was released on administrative bail but that the Commission seized his passport and placed him under caution.
This is the latest development in an ongoing global investigation into the financial activity of the former Minister of Petroleum Resources, Diezani Maduke, who was arrested last year in London for financial crimes.
Madueke was at the helm of the petroleum industry in Nigeria during a time of unprecedented theft, according to analysts. [myad]
