Fidelity Bank Refutes Bankruptcy Rumour

Nigeria’s commercial bank, Fidelity Bank, has said its financial standing is intact and it is not facing any bankruptcy.

Fidelity dismissed reports making the rounds that a court judgment against it would affect its financial standing.

Naijaonpoint reports that the bank, in a statement on Monday, assured its customers and investors that its financial standing poses no challenge.

On the court judgement, the bank said its legal team is studying the judgement given. Fidelity assured its customers and investors that it remains capable of meeting its obligations.

It read: “We would like to address recent misleading reports regarding a court judgment involving the defunct FSB International Bank, which have wrongly suggested that Fidelity Bank is facing bankruptcy. These claims are unfounded, and we want to assure our customers, investors, and the public that Fidelity Bank remains financially strong, profitable, and fully capable of meeting all its obligations.

“The issue stems from a legacy transaction from 2002, in which FSB International Bank provided a loan to G. Cappa Plc. The case has undergone extensive legal processes, and we are currently seeking clarification on the judgment to ensure that the financial implications are correctly understood.

“We take these malicious reports seriously and are committed to protecting our bank’s reputation and the interests of our stakeholders. Rest assured, Fidelity Bank continues to operate as one of Nigeria’s most capitalized financial institutions, with no risk of bankruptcy. Our Q1 2025 financial results clearly demonstrate our robust position.

“We remain focused on our core values and are fully dedicated to supporting our customers and communities. Thank you for your continued trust in Fidelity Bank.