It also alleges cyberstalking, forgery, and giving false information against lawyer Victor Ukutt and two others, Whoba Ogo and Ukachi Whoba, who are reportedly outside the country.
SaharaReporters has obtained the final page of the police investigation report on the alleged unlawful conversion of funds belonging to Woobs Resources Limited, which implicates the Managing Director of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe.
The report, signed by CP Emmanuel A. Aina of the Special Enquiry Bureau (SEB), Force Criminal Investigation Department (FCID), Abuja, concludes that a prima facie case of criminal conspiracy and contempt of court has been established against Fidelity Bank Plc, led by Dr. Onyeali-Ikpe.
It also alleges cyberstalking, forgery, and giving false information against lawyer Victor Ukutt and two others, Whoba Ogo and Ukachi Whoba, who are reportedly outside the country.
The police recommended that the case file be forwarded to the Legal and Prosecution Section for vetting and possible prosecution.
The investigation relates to the alleged illegal transfer of ₦692 million from Woobs Resources Limited’s account, which Fidelity Bank claimed was moved into a suspense account pending resolution of ownership disputes.
One of the charges later filed in court alleges that Victor Ukutt, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, and Whoba Ugwunna Ogo (now at large) conspired between 2011 and 2023 in Lagos to fraudulently convert about ₦19 billion belonging to Woobs Resources Limited, knowing the funds were proceeds of theft or fraud, from the company’s account at Fidelity Bank.
Meanwhile, the last page of the police investigation report into the matter, consisting of the conclusion and recommendation, which was exclusively obtained by SaharaReporters reads: ”In view of the above facts, a Prima Facie case of Criminal Conspiracy and Contempt of Court have been established against Fidelity Bank Plc led by her Director, Dr. Nneka Onyeali-Ikpe.
“Also, Offences of Cyberstalking, forgery and Giving False information have been established against Barr. Victor Ukutt and the other two suspects viz: Whoba Ogoh and Ukachi Whoba who are currently outside the country.
“Therefore, it is recommended that the duplicate case file be sent to Legal and Prosecution Section for vetting, advice and possible prosecution.
“Attached herewith are the Certified True Copies (CTC) of the detailed Police Investigation Report, Statements of Victor Ukutt; the Managing Director, Fidelity Bank PLC, Dr. Nneka Onyeali-Ikpe and Mr. James Onyemenam as requested.”
The report was signed by CP Emmanuel A. Aina, Commissioner of Police, Special Enquiry Bureau (SEB), Force Criminal Investigation Department (FCID), Area 10, Garki, Abuja.
Background
SaharaReporters had earlier reported that the Nigerian government recently withdrew Onyeali-Ikpe’s name from an ongoing criminal case involving an alleged multi-billion-naira fraud.
The case, initiated by the Attorney General of the Federation (AGF), targets lawyer Victor Ukutt; Whoba Ugwunna Ogo (who is reportedly at large); Fidelity Bank Plc; and previously, Dr. Onyeali-Ikpe, over the alleged unlawful conversion of funds belonging to Woobs Resources Limited.
Woobs Resources Limited is a real estate development and facility management company.
Dr. Onyeali-Ikpe was initially listed as the third defendant in Charge No: FHC/L/138C/2025. Filed in February 2025, the case names the Federal Republic of Nigeria as the complainant, with Victor Ukutt, Fidelity Bank Plc, and Whoba Ugwunna Ogo as the first, second, and fourth defendants, respectively.
However, in an amended 10-count charge filed on May 5, 2025, the Federal Government dropped Onyeali-Ikpe’s name from the list of defendants and replaced her with Safiya Whoba.
The AGF Office has denied the allegation, saying the justice minister exercised his constitutional powers to enter a nolle prosequi—formally withdrawing the prosecution—after a comprehensive review of the case found no direct link between Dr. Onyeali-Ikpe and the alleged fraudulent account.
SaharaReporters also recently reported that Onyeali-Ikpe had confessed to paying N5 billion to secure her release from police custody amid an ongoing multi-billion naira fraud case.
In a conversation exclusively obtained by SaharaReporters, Dr. Onyeali-Ikpe told a long-standing bank customer, identified only as Uba, that she paid N5 billion to bail herself after being arrested by the Nigerian Police in connection with the case.
However, in a recent statement, she denied that the N5 billion was a bribe, saying it was a bail bond paid to the police.