Top Nigerian lender Fidelity Bank Plc has assure the general public that the commercial bank is “financially strong, profitable and able to meet all its obligations”
The commercial bank debunked recent reports to the effect that it’s facing “bankruptcy” describing such as “unfounded’ claims which must be disregarded by Nigerians and key stakeholders.
The bank made the rebuttal in a statement issued on Tuesday in Lagos, describing the report as malicious because “Fidelity Bank continues to operate as one of Nigeria’s most capitalized financial institutions.”
The statement: “We would like to address recent misleading reports regarding a court judgment involving the defunct FSB International Bank, which have wrongly suggested that Fidelity Bank is facing bankruptcy. These claims are unfounded, and we want to assure our customers, investors, and the public that Fidelity Bank remains financially strong, profitable, and fully capable of meeting all its obligations.
“The issue stems from a legacy transaction from 2002, in which FSB International Bank provided a loan to G. Cappa Plc. The case has undergone extensive legal processes, and we are currently seeking clarification on the judgment to ensure that the financial implications are correctly understood.
“We take these malicious reports seriously and are committed to protecting our bank’s reputation and the interests of our stakeholders. Rest assured, Fidelity Bank continues to operate as one of Nigeria’s most capitalized financial institutions, with no risk of bankruptcy. Our Q1 2025 financial results clearly demonstrate our robust position.
“We remain focused on our core values and are fully dedicated to supporting our customers and communities. Thank you for your continued trust in Fidelity Bank.”
Meanwhile, the Central Bank of Nigeria, CBN, while reacting to the report urged the public to ‘disregard sensational or unverified claims and rely solely on official channels for information about the financial system.’
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