Fidelity Bank has said in a statement that the transactions for which is managing director, Nnamdi Okonkwo, was arrested were duly reported.
The bank management also noted that Fidelity bank is cooperating with authorities and 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 statement read.
“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.”
