Seven lucky customers won N16 million in the ongoing Fidelity Bank Get Alert in Millions promo held yesterday in Lagos. The cash win brings the total amount received by winners to N49 million in both monthly and quarterly draws of the promo. Some of the winners include Johnson Chukwude N5 million star prize; Saminu Sani, […]
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Fidelity Bank Plc has pledged commitment to help Small and Medium Scale Enterprises (SMEs) in the Southeast grow its economy. Its Managing Director/Chief Executive Officer, Nnamdi Okonkwo, disclosed this during the bank’s customer forum last week. The bank flagged off its nationwide customer engagement programme with Connecting with You as its theme, with the twin […]
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The Fidelity Bank PLC has threatened to prosecute its debtors any moment soon. The Managing Director of the bank, Mr Nnamdi Okonkwo, disclosed this to newsmen on Thursday in Onitsha, Anambra State during customer forum of the bank held for stakeholders in the area. The debtors, he said, were those granted loan facilities under its […]
Read More Fidelity Bank Plc has recorded gross earnings of N110.3 billion in its unaudited financial results for nine months ended September 30. The figure was an increase from the N107 billion, representing a growth of 3.0 per cent during the previous year. The lender also grew its deposit base by 3.4 per cent to N795.6 billion […]
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No fewer than four commercial banks yesterday disbursed the first batch of diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs), as directed by the Central Bank of Nigeria (CBN). United Bank for Africa (UBA) Plc, First Bank, Fidelity Bank Plc and Ecobank Nigeria Limited, sold the regulatory $30,000 weekly to each […]
Read More The shareholders of Fidelity Bank Plc have approved the N4.6bn dividend payout proposed by the bank. The bank, therefore, is paying 16 kobo per ordinary share dividend to shareholders whose names appeared on the bank’s register of members as at the close of business on April 18 to 22, 2016. The Board of Directors of […]
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Officials of the Central Bank of Nigeria’s Compliance Unit on Tuesday stormed the headquarters of Fidelity Bank Plc in Lagos in connection with the ongoing investigations into the $115m (N23bn) scam involving the Managing Director of the bank, Mr. Nnamdi Okonkwo, and the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. A top executive of […]
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Fidelity Bank Plc yesterday appointed an Acting Managing Director, Alhaji Mohammed Lawal Balarabe in place of its troubled Chief Executive Officer, Nnamdi Okonkwo. The bank’s Board of Directors which approved the appointment, said the development followed the absence of the substantive Managing Director/Chief Executive Officer. While announcing Balarabe, who prior to the appointment was the […]
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In a continuation of the probe into how the Peoples Democratic Party allegedly bribed some officials of the Independent National Electoral Commission before the 2015 presidential election, the Economic and Financial Crimes Commission has arrested an oil tycoon, Mr. Laitan Adesanya, for his alleged role in the $115m (N23bn) bribe funds. It was learnt on […]
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The Economic and Financial Crimes Commission has obtained a remand order to keep the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and the bank’s Head of Operations, Mr. Martins Izuogbe, pending the outcome of investigations. A reliable source at the EFCC told our correspondent on Friday that the EFCC had been given permission […]
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[su_dropcap]M[/su_dropcap]ore arrests are on the way in the probe of the huge cash some oil companies pumped into the failed bid to change the 2015 presidential election results. Some of the cash has been recovered, The Nation report. The Economic and Financial Crimes Commission (EFCC) has arrested some bankers. It plans to haul in some […]
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Fidelity Bank Plc yesterday defended the $115 million transaction involving former Petroleum Resources Minister Mrs. Diezani Alison-Madueke, saying it complied with the extant regulations on suspicious transactions reporting. According to The Nation, Financial institutions are required by the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Regulations, 2013 (as amended) to forward their AML/CFT Compliance […]
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