Fidelity Bank just issued the following press release.
FIDELITY BANK MD & EFCC, BANK IS COOPERATING WITH THE AUTHORITIES
Transactions duly reported
Fidelity bank is cooperating with authorities
Fidelity Bank is working to resolve the issues
Our attention has been drawn to reports in the media on investigations into transactions undertaken by the Bank in the normal course of business in 2015.
The transactions are now the subject matter of investigations by the Economic & Financial Crimes Commission (EFCC).
We can confirm that the transactions were duly reported as required by the regulators and the Bank is cooperating fully with the authorities on the investigation.
We assure our numerous stakeholders, including our customers that we are working assiduously towards a quick resolution of the issues.
Thank you
Management
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.