The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, SAN, has officially discontinued the fraud charges against Dr. Nneka Onyeali-Ikpe, Managing Director and CEO of Fidelity Bank Plc. The decision follows a thorough review of the case involving an alleged unlawful conversion of N19 billion belonging to Woobs Resources Limited.
The charges were initially filed before the Federal High Court in Lagos against Dr. Onyeali-Ikpe, Fidelity Bank Plc, and others. However, the AGF’s office clarified that Onyeali-Ikpe was neither the account officer nor the bank’s Managing Director when the account linked to the alleged fraud was opened. This key fact led to the discontinuation of the criminal charge against her.
Kamarudeen Ogundele, Special Adviser to the President on Communication and Publicity at the AGF’s office, emphasized that the decision reflects the AGF’s constitutional duty to uphold justice and fairness. “This move is to prevent a miscarriage of justice and is guided by the principles of the rule of law,” he said.
While the CEO has been cleared, the case against Fidelity Bank Plc itself remains active in court. The AGF urged the public to allow the legal process to proceed without speculation and assured that all individuals found culpable will face appropriate legal consequences.
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