Fidelity Bank Plc has publicly reaffirmed its strong financial standing and operational stability, dismissing any rumors suggesting distress within the institution. In a statement issued via its official social media channels, the bank emphasized that it is one of Nigeria’s most well-capitalized and profitable financial institutions, with growing international operations.
“Fidelity Bank is not under any form of bankruptcy proceedings and continues to meet all its legal and financial obligations without exception,” the statement read.
The bank further pointed to its Q1 2025 financial results, which it described as reflecting “consistent performance and resilience.” These results, according to the bank, are available for public review.
This announcement comes in the wake of circulating misinformation concerning the health of some banks within Nigeria’s financial sector. In response, the Central Bank of Nigeria (CBN) issued a press release on May 19, 2025, firmly reassuring the public of the overall stability and soundness of the Nigerian banking sector.
“The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound,” stated Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN.
The apex bank urged Nigerians to disregard unverified claims and instead rely on official channels for accurate financial information. It also confirmed that all regulated institutions, including those referenced in misleading reports, are held to stringent regulatory requirements.
Both Fidelity Bank and the CBN reiterated their commitment to maintaining public confidence in the financial system, ensuring depositors’ funds remain secure.
