Fidelity Bank MD Onyeali-Ikpe Reportedly Confesses to ₦5 Billion Payment to Avoid Police Detention Amid ₦19 Billion Fraud Probe

In a dramatic development that has sent shockwaves through Nigeria’s financial sector, Nneka Onyeali-Ikpe, the Managing Director of Fidelity Bank Plc, has allegedly confessed to making a ₦5 billion payment to avoid police detention in connection with an ongoing fraud investigation involving over ₦19 billion.

Sources close to the investigation revealed that the confession was made during an interrogation by anti-graft authorities probing a series of suspicious transactions linked to accounts under the bank’s management. The probe centers on allegations of corporate fraud, misappropriation of funds, and regulatory breaches reportedly involving senior banking officials.

According to preliminary reports, the ₦5 billion was allegedly paid through intermediaries as part of an effort to stave off immediate arrest and detention pending further investigation. While details remain sketchy, the sum is believed to have been disbursed under immense pressure following a formal invitation from the Economic and Financial Crimes Commission (EFCC).

As of press time, neither Fidelity Bank nor Dr. Onyeali-Ikpe has issued an official statement confirming or denying the alleged confession. Repeated attempts to reach the bank’s corporate communications team for comment have so far been unsuccessful.

WATCH LEAKED VIDEO: @FidelityBankplc MD Onyeali-Ikpe Confesses To Paying ₦5Billion To Avoid @PoliceNG Detention Amid Over ₦19Billion Fraud Probe pic.twitter.com/JRUy8TfHsV

— Sahara Reporters (@SaharaReporters) June 16, 2025