Thursday, April 2, 2026
26.8 C
Lagos

AGF: Why We Discontinued Legal Action Against Fidelity Bank CEO

The attention of the Office of the Attorney General of the Federation and Minister of Justice has been drawn to reactions trailing the discontinuation of the criminal charge against the Managing Director and Chief Executive Officer MD/CEO of Fidelity Bank Plc.

The Attorney General’s decision to discontinue the criminal charge against Dr. Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc, is a testament to the office’s commitment to upholding justice and fairness. As the chief law officer of the federation, the AGF has the constitutional power to enter a nolle prosequi, discontinuing a prosecution where it is deemed necessary to prevent a miscarriage of justice.

This decision followed a careful review of the case which did not connect Dr. Onyeali-Ikpe to the charge as she was neither the account officer nor the Managing Director of the Fidelity Bank when the account used in the alleged scheme of fraud was opened.

The Attorney General’s decision is guided by the principles of justice, fairness, and the rule of law, and we have every confidence that this decision is in the best interest of justice and the public.

This decision does not to exculpate Fidelity Bank from the allegations contained in the charge which is still pending before the court, but rather a demonstration of the Attorney General’s duty to ensure that justice is served.

We urge the public to allow the legal process to run its course and to refrain from speculation or jumping to conclusions.

The AGF will ensure that the best interest of Justice is served at all times and that all those found wanting, at any time, face the full weight of law to serve as a deterrent to others.

Kamarudeen Ogundele

S A to the President on Communication Publicity,

Office of the AGF& Minister of Justice

June 09, 2025

spot_img
spot_img
spot_img

Hot this week

Middle-East Crisis: How Tinubu’s Policy of Naira-for-Crude Guarantees Supply Security in Nigeria

By Temitope Ajayi President Bola Tinubu demonstrated foresight in July...

Truecaller Crosses 500m Users: Sets a New Global Standard for Trusted Communication

Truecaller, the leading global platform for safe and trusted...

Leadway Assurance to Champion Climate Risk Solutions at Africa Climate Insurance Symposium in Germany

Leadway Assurance, Nigeria’s leading insurance services provider, will participate...

BUA Foods Posts ₦1.77tn Revenue, Signals Confidence with ₦28 Dividend as Payout Jumps 115%

Nigeria’s leading food manufacturing company, BUA Foods Plc has...

Topics

TV: Primary Source of Information in Africa

A recent study by the Northwestern University in Qatar...

STACO Board Leads Company Change Process

The Board of Directors of STACO has assured the...

Manufacturers Need to Embrace New Technology to Become Globally Competitive

With a new report predicting that British manufacturers are set to increase their productivity by 15.5% over the next five years, boosting exports by 35%, the UK is holding its own on the global stage. Such is the strength of the industry, that manufacturing is projected to deliver 40% of Britain’s productivity gains over the next decade.

Total, French Embassy Collaborate on Educational Dev in Nigeria

A joint scholarship scheme ("TQJS") titled TEPNG/ Quai d’Orsay,...

Nigeria Bourse Posts Bullish Performance as Investor Sentiment Improves

As expected, it was a bull’s market yesterday as...

Zenith Bank FY: 2017 Earnings: Resilient Performance… A Clear Case of Undervaluation

Mr. Peter Amangbo, Group MD/CEO, Zenith Bank Plc Zenith Bank...

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img