Meanwhile, Fidelity Bank continues to publicly insist that its actual liability is only about ₦14 billion, while claiming $633,750 in other documents, a claim sharply at odds with court-awarded figures now nearing ₦225 billion.
Peter Obi’s recent Vatican trip was a calculated move to seek President Tinubu’s intervention in Fidelity Bank’s ₦225 billion debt crisis, sources told SaharaReporters. The former Labour Party candidate, a major shareholder, rushed to Rome after failing to broker solutions through meetings with Sanwo-Olu, the Ooni of Ife, and ex-governors Fayose and Fayemi.
The debt stems from a Supreme Court ruling holding Fidelity liable for Ikoyi property losses, with interest ballooning to $139.3 million. Obi and Fayemi strategically greeted Tinubu during Pope Leo XIV’s installation mass after the Presidency rejected private talks. “The trip was arranged solely for the bank issue,” a source disclosed, dismissing claims of religious attendance.
While Fidelity disputes the sum, court documents show the staggering liability. Presidential aide Onanuga confirmed the encounter, noting Fayemi initiated the public greeting to facilitate discussions on the financial emergency.
READ THE FULL STORY IN SAHARA REPORTERS