AGF Clears Fidelity Bank CEO of Criminal Charges, Reaffirms Commitment to Justice

AGF Clears Fidelity Bank CEO of Criminal Charges, Reaffirms Commitment to Justice

The Office of the Attorney General of the Federation (AGF) and Minister of Justice has clarified its decision to discontinue the criminal charges against the Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, stating that the move was driven by a commitment to justice, fairness, and the rule of law.

In a statement issued on Monday, June 9, 2025, the Special Assistant to the President on Communication and Publicity in the Office of the AGF, Kamarudeen Ogundele, said the decision to enter a nolle prosequi—a formal notice to discontinue prosecution—was taken after a comprehensive review of the case.

According to the statement, the review established that Dr. Onyeali-Ikpe was neither the account officer nor the Managing Director of the bank at the time the account in question, allegedly used in a fraudulent scheme, was opened. The AGF’s decision, therefore, was to prevent a miscarriage of justice, in line with his constitutional powers as the nation’s chief law officer.

“This decision is a testament to the Attorney General’s commitment to upholding justice and fairness. It does not absolve Fidelity Bank as a corporate entity from the allegations contained in the pending charge before the court, but rather reflects the responsibility of the AGF to ensure individuals are not wrongfully prosecuted,” the statement read in part.

The Attorney General emphasized that while Dr. Onyeali-Ikpe has been cleared of any wrongdoing based on available evidence, the case against Fidelity Bank remains active in court, and due legal processes will continue.

The AGF also urged members of the public to avoid speculation and allow the legal system to operate without interference.

“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 justice is served at all times and that all those found culpable will face the full weight of the law,” the statement concluded.

The move has drawn varied reactions from the public and legal observers, with many noting the importance of balancing prosecutorial discretion with the need for accountability in high-profile financial matters.