May 27, 2018

FIDELITY BANK MD AND EFCC, FIDELITY COOPERATING WITH THE AUTHORITIES

FIDELITY BANK MD AND EFCC, FIDELITY COOPERATING WITH THE AUTHORITIES

With social media buzzing over the arrest and on-going interrogation of Nnamdi Okonkwo, Managing Director of Fidelity bank, the bank has issued a statement.

In the statement obtained by sabinews.com, the bank makes no allusion to a planned sack of its managing director as has been reported by a news source (not sabinews.com)

Please find the full text of the statement below:

fidelity

Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015.

The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC).

We can confirm that the transactions were duly reported as required by the regulators and the Bank is cooperating fully with the authorities on the investigation.

We assure our numerous stakeholders, including our customers that we are working assiduously towards a quick resolution of the issues.

Thank you

Management

 

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