Transparency Network Calls for EFCC Probe into Fidelity Bank

On September 25, 2026, the Transparency Network and Public Interest Initiative submitted a petition to the Economic and Financial Crimes Commission (EFCC) and the Central Bank of Nigeria (CBN), requesting an investigation into alleged insider dealing and irregular shareholding at Fidelity Bank Plc. The petition, signed by Convener Dr. Ehizojie Emmanuel Anderson, arose from concerns that former Anambra State Governor and 2027 presidential candidate Peter Obi attempted to increase his stake in the bank through proxies.

The allegations have not been substantiated by any regulatory or judicial findings. The group emphasized the need for scrutiny due to Fidelity Bank's status as a publicly listed institution, which is subject to banking and capital-market regulations.

The petition also questioned the share acquisition by Fidelity Bank's Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, who purchased 18 million shares in May 2025 for approximately ₦366.3 million. Fidelity Bank denied any wrongdoing regarding this transaction, asserting it was conducted with personal funds during an open trading window.