Fidelity Faces Bankruptcy As Supreme Court Orders Bank To Pay N225 Billion Damages To Nigerian Firm

Fidelity Bank is scrambling to stave off a looming insolvency after a Supreme Court panel found the top lender liable in a years-long tort dispute with a little-known general services venture operating out of Ibadan, Peoples Gazette heard from people familiar with the situation. The Lagos-based banking group has opened talks with lawyers representing Sagecom…

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BREAKING: FG Fines Fidelity Bank N555.8m For Compromising Customer Data

The Federal government through the National Data Protection Commission has slammed Fidelity Bank with a fine of N555.8 million for violating customer data protection laws. This announcement was made by the commission’s National Commissioner, Vincent Olatunji, at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive in Abuja on Wednesday….

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