Skip to content
August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • FG clears Fidelity Bank MD of fraud allegations, applies nolle prosequi
  • Business & Economy

FG clears Fidelity Bank MD of fraud allegations, applies nolle prosequi

Admin June 10, 2025

Nneka Onyeali-Ikpe Fidelity Bank MD/CEO

Nneka Onyeali-Ikpe Fidelity Bank MD/CEO

The federal government through the Office of the Attorney General of the Federation and Minister of Justice has officially withdrawn criminal charges against Dr. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer of Fidelity Bank Plc, following a legal review that found no direct connection between her and the allegations in question.

In a statement released on Monday by Kamarudeen Ogundele, Special Adviser to the President on Communication and Publicity in the Office of the Attorney-General of the Federation, the AGF clarified that the decision to discontinue the case was made in accordance with constitutional provisions.

“The Attorney General’s decision to discontinue the criminal charge against Dr. Nneka Onyeali-Ikpe is a testament to the office’s commitment to upholding justice and fairness,” the statement read.

The statement stated that the power to enter a nolle prosequi, a formal notice of discontinuation is constitutionally granted to the Attorney General when such action is necessary to prevent a miscarriage of justice.

The charges were said to be an alleged fraudulent scheme involving a bank account allegedly opened and used long before Dr. Onyeali-Ikpe assumed leadership of Fidelity Bank. “She was neither the account officer nor the Managing Director of the bank when the account used in the alleged scheme of fraud was opened,” the statement noted.

But the AGF made it clear that the withdrawal of charges against Dr. Onyeali-Ikpe does not absolve Fidelity Bank as an institution from facing the legal consequences of the allegations.

“This decision does not exculpate Fidelity Bank from the allegations contained in the charge, which is still pending before the court,” the statement clarified, adding that the focus remains on ensuring justice is served.

The public has been urged to allow the judicial process to take its course and to avoid speculation. The AGF reaffirmed its commitment to upholding the rule of law, stressing that “all those found wanting, at any time, face the full weight of the law to serve as a deterrent to others,” the statement said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Attorney-General of the Federation Dr. Nneka Onyeali-Ikpe Fidelity Bank Fraud Nolle prosequi

Post navigation

Previous PDP leaders, stakeholders reaffirm Anyanwu as substantive National Secretary
Next Russia provides 220 scholarships to Nigerian students for 2025

Related Stories

Oil hits three-week high on uncertainty over Hormuz
  • Business & Economy

Oil hits three-week high on uncertainty over Hormuz

August 19, 2026
Beyond Oil: Delta to equip 1,000 youths to drive agricultural revolution Maize farm
  • Business & Economy

Beyond Oil: Delta to equip 1,000 youths to drive agricultural revolution

August 19, 2026
Statutory Revenue Jumps 17.8% as FAAC Distributes N3.007 Trillion to FG, States, LGs in July federal government
  • Business & Economy

Statutory Revenue Jumps 17.8% as FAAC Distributes N3.007 Trillion to FG, States, LGs in July

August 18, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Troops rescue 14 kidnap victims, arrest 16 suspects Troops
  • National News

Troops rescue 14 kidnap victims, arrest 16 suspects

August 19, 2026
Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots children
  • National News

Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots

August 19, 2026
Oil hits three-week high on uncertainty over Hormuz
  • Business & Economy

Oil hits three-week high on uncertainty over Hormuz

August 19, 2026
South African envoy dismisses reports of visa restrictions on Nigerians
  • National News

South African envoy dismisses reports of visa restrictions on Nigerians

August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.