Fidelity Bank on Monday confirmed a subsisting Supreme Court judgement involving GCappa and Sagecom Concepts Limited, adding its computation puts the settlement figure at N14 billion.
The bank disclosed this in a statement on Monday, maintaining that the issues leading up to the judgment arose from a legacy transaction between the defunct FSB International Bank and Sagecom Concepts Limited.
The bank clarified, however, that a sponsored publication of the apex court judgement has allegedly been orchestrated and syndicated in the media with the aim of embarrassing the bank.