The Attorney General of Nigeria, Lateef Fagbemi, clarified the withdrawal of fraud charges against Fidelity Bank’s MD, Nneka Onyeali-Ikpe, after a legal review found no direct link between her and the alleged fraudulent account.

Charges initially filed involved a conspiracy to convert ₦19 billion from Woobs Resources Limited, with Onyeali-Ikpe named as third defendant; however, she was dropped in an amended charge that added another defendant.

The Justice Ministry emphasized Onyeali-Ikpe was neither the account officer nor MD when the alleged fraud occurred, stressing that the withdrawal upholds justice and fairness while maintaining Fidelity Bank as a defendant.

The case continues before the Federal High Court in Lagos, involving allegations of conspiracy, money laundering, forgery, and failure to apply KYC principles.