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CBN Denies Fidelity Bank Bankruptcy Rumors Amid Supreme Court Ruling
The Business NG
|The BusinessNG
The Central Bank of Nigeria (CBN) has dismissed circulating claims on social media suggesting that Fidelity Bank is bankrupt.In a statement released Monday, the CBN reaffirmed that Nigeria's banking sector remains resilient, safe, and sound.
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Hakama Sidi Ali, the acting spokesperson for the apex bank, described the rumors as misleading and urged the public to ignore "sensational and unverified claims." The clarification follows reports linked to a Supreme Court ruling ordering Fidelity Bank to pay N225 billion in damages to Sagecom Concept Limited.
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