He is accused of receiving N350 million which had been diverted from last year’s presidential campaign of Mr. Goodluck Jonathan.
Mr. Udenwa was last night grilled by EFCC investigators for several hours at their headquarters, following which he was released after signing a bond to repay the funds to the federal government within two weeks.
Our sources say he admitted collecting the funds from former finance minister Esther Nenadi, who was herself arrested last week and has reportedly paid back massive sums of money.
It would be recalled that Mrs. Usman confessed that former NSA Sambo Dasuki gave her billions of Naira,from which she paid several party officials.
They include Femi Fani-Kayode, who received N840m in his private account at Zenith Bank.