US EditionNigeria: Why We Withdrew Criminal Case Against Fidelity Bank CEO
- On June 9, 2025, the federal government’s chief legal officer withdrew the criminal case against Nneka Onyeali-Ikpe, CEO of Fidelity Bank Plc, in Lagos.
- The decision was made after a review determined that Onyeali-Ikpe had no involvement in the purported illegal diversion of N19 billion from Woobs Resources Limited, as she did not hold the positions responsible for the account at the time it was established.
- The Attorney General used his legal authority to discontinue the prosecution against Onyeali-Ikpe to avoid a miscarriage of justice, while the lawsuit targeting Fidelity Bank itself continues to be prosecuted in court.
- The AGF's office stated that the Attorney General's judgment reflects a dedication to fairness, equity, and adherence to legal standards, while reaffirming their commitment to holding accountable those proven guilty and advising the public against engaging in speculation.
- This withdrawal does not absolve Fidelity Bank of the allegations, and the Attorney General emphasized that the legal proceedings will continue to uphold justice and discourage similar misconduct in the future.
20 Articles
20 Articles
Why Prosecution of Fidelity Bank MD was stopped, but case remains open
Managing Director of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe In a move steeped in legal prudence and prosecutorial discretion, Nigeria’s Attorney-General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, SAN, has officially withdrawn criminal charges previously hanging over the Managing Director of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe. The AGF’s office insists …
AGF: Why I Dropped Fraud Charge Against Fidelity Bank’s MD, Onyeali-Ikpe — City Business News
Advertisements The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, on Monday, disclosed reasons why he discontinued a fraud charge the Federal Government entered against the Managing Director and Chief Executive Officer, MD/CEO, of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe. The AGF, in a statement that was signed by his media aide, Mr. Kamarudeen Ogundele, said he took the decision after he reviewed the ca…
Why govt dropped name of Fidelity Bank MD, Onyeali-Ikpe, from N19bn fraud case – AGF
The Office of the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has given reasons why criminal charges against Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, were dropped. Business Hallmark had earlier reported that the Nigerian government recently dropped Onyeali-Ikpe’s name from an ongoing […] The post Why govt dropped name of Fidelity Bank MD, Onyeali-Ik…
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