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The Reginald Ihejiahi led Fidelity Bank Plc, one of the few Nigerian Banks that
survived the Central Bank of Nigeria (CBN) sledge hammer in 2009 has once again
failed to live up to its name. A couple of weeks back, the bank was at the Abuja
High Court with African Independent Television (AIT) over a N7 billion debt. Before
the AIT issue, the bank has been enmeshed in crisis with it's  middle management
staff over imbalance in profit sharing where middle management and junior staffers
were said to have been short changed.

Those middle management staff who protested to the management were
consequently fired as a result of their protest. You would recall that about a fortnight
ago, three staff of Fidelity Bank Plc were arrested by the Police in Lagos for alleged
theft of N400, 000 from a customer’s cash deposit. Reliable source at State Criminal
Investigative Department, Panti, Yaba, Lagos, informed this magazine that the
bankers collected about N3.5m from the said customer but ended up keeping part of
the money for themselves. Also, in a related development, a manager of Fidelity
Bank Plc, Gwagwalada, Abuja alongside two other bank managers were arraigned
by the Economic and Financial Crimes Commission (EFCC) on the 12th of May,
2012 before an Abuja High Court on a 3-count charge of fraud, conspiracy to commit
fraud, forgery of public sector accounts and obtaining by false pretence to the tune
of N25.4m.

The accused persons said to have allegedly defrauded one Mrs. Juliet Uzor are
Napoleon Obaje Adofu, Branch Manager Oceanic Bank (now Ecobank) Karu
Augustine Odinawo, Branch Manager Fidelity Bank Gwagwalada, Patrick
Onyekachi, staff of Equitorial Trust Bank(now Sterling Bank) Abuja, Reuben
Omotayo, staff of FCDA and Abdulmalik Isa Teina, staff of Abuja Geographic
Information Systems (AGIS) .

They were arraigned alongside two companies Yombor Ventures Limited and Aicoor
Tao Nigeria Limited. Globalvillageextra gathered that trouble actually began for the
bankers when a N25,460.000.00 (Twenty five million four hundred and sixty
thousand naira) bank draft payable to AGIS was handed to them,  instead of paying
the draft into the proper account, they conspired with their friends who are bankers
to open a fake AGIS Corporate Account and paid the draft into it. After the draft
cleared, the accused transferred the money electronically to the two company
accounts from which they withdraw and shared the funds.

The latest case the bank is battling with at the moment is between an Abuja based
business concern, Exclusive Stores and Fidelity Bank and it is before an Abuja High
Court over major fraud involving a manager of the bank. Globalvillageextra reliably
gathered that Exclusive Stores has an account with Fidelity Bank in their Wuse,
Abuja branch, North Central, Nigeria. The manager (name withheld) has been
assigned to Exclusive Stores to collect sales revenue on behalf of the bank for
deposit but instead of depositing the money in the client’s account, he was alleged
to have pocketed over N100 million for his personal use.

The fraud was uncovered when management of Exclusive Stores wanted to reconcile
their account, only to discover that over N100 million was missing. Exclusive Stores
had almost closed their account with the bank for lack of trust and has taken the
staff involved to an Abuja High Court. The bank it was gathered, has agreed to settle
the issue amicably by balancing Exclusive Stores account and returning the Stolen
N100 million.

Global Village Extra
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Multiple Scams Rock Fidelity Bank PLC
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African Examiner
Sunday,  May  27,  2012
Copyrights © 2007  All Rights Reserved African Examiner Online is owned by RD Frontline LLC, a state of Maryland registered company
P. O. Box 11582 Baltimore, Maryland, 21229, USA Tel: 443-904-1239. Editor-In-Chief: Oludare Sunday Fase
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