The judgment, delivered on April 11, 2025, marks one of the largest financial liabilities imposed on a Nigerian bank in recent history.
The apex court upheld previous rulings that found Fidelity Bank guilty of contempt and wrongful sale of properties despite an existing court injunction.
Following the ruling, Fidelity Bank has entered negotiations with Sagecom’s legal team to structure a repayment plan.
However, insiders say the court’s demand for immediate compliance threatens the bank’s financial stability.
