LunagisthubFidelity Bank MD’s Insider Trading Allegations: A Deepening Crisis
Fidelity Bank’s Managing Director, Dr. Nneka Onyeali-Ikpe, is embroiled in controversy over allegations of insider trading. Sources claim she purchased 18 million shares of the bank at N20.25 per share, sparking concerns about ethical and legal impropriety.
The share purchase coincides with Fidelity Bank’s struggles to cope with a ₦225 billion court judgment. Sources suggest the bank is trying to create a positive impression about its shares to mislead the public.
Insider trading is a grave offense in financial markets, and for a bank MD with access to sensitive information, such actions could constitute a serious breach of trust and corporate governance standards.
If true, these allegations could further erode confidence in Fidelity Bank, already under pressure from the court judgment. The bank’s leadership and governance are under scrutiny, and the consequences could be severe.
The allegations demand transparency and accountability. Regulatory bodies must investigate.
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