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Fidelity Bank Rejects N555 Million Fine, Disputes NDPC’s Data Breach Allegations

Fidelity Bank has denied any wrongdoing in response to the Nigerian Data Protection Commission’s (NDPC) allegations of a data breach, which led to a fine of N555.8 million. The bank has rejected the accusations, asserting that it fully complied with data protection laws.
In a statement released by Meksley Nwagboh, the bank’s Divisional Head of Brand and Communications, Fidelity Bank emphasized its commitment to ethical practices, stating, “We have always adhered to the highest standards, ensuring full compliance with existing data protection laws.”
The NDPC had announced the hefty fine on Wednesday, accusing the bank of violating data privacy regulations. Vincent Olatunji, the national commissioner of NDPC, stated that the bank’s “arrogance ultimately led us to impose the full penalty.”
Fidelity Bank, however, refuted these claims, explaining that the issue stemmed from an online account opening request. According to the bank, the account in question was never operational due to incomplete documentation. The bank clarified that it had “carried out due diligence by immediately blocking the account and subsequently closing it when outstanding documents were not provided.”
The bank provided a timeline of events, noting that it received a notice of investigation from the NDPC on April 30th, 2023. The investigation was based on a complaint alleging that an individual’s details were used to open an account without their consent. Fidelity Bank responded by conducting an internal investigation, which confirmed that the account opening process had not been completed due to missing documentation, including a passport photograph and BVN (Bank Verification Number).
Fidelity Bank further explained that it placed the account on “Post No Debit” status, preventing any transactions, and eventually closed the account after the required documents were not provided within 30 days. The bank reiterated that the account was never operational and that it did not breach any data protection laws.
Despite the bank’s efforts to clarify the situation, the NDPC proceeded with the fine. Fidelity Bank stated that after an initial demand for N250 million in December 2023, the NDPC later increased the amount to N555.8 million in a letter received on August 20th, 2024.
Fidelity Bank expressed its disappointment, noting that it was still engaging with the NDPC to resolve the issue when the increased fine was imposed. The bank remains firm in its stance that no laws were violated and continues to dispute the penalty.
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PANDEF Clarifies Visit To Tinubu, Knocks Wike Over Inflammatory Comments

The Pan Niger Delta Forum (PANDEF) has called on President Bola Tinubu to prevail on the minister of the Federal Capital Territory, Nyesom Wike to retract his publicly disparaging remarks made recently against the socio-political body.
PANDEF described as regrerrable and embarrassing comments by Wike in the aftermath of the group’s visit to Tinubu at the State House, Abuja, on Tuesday, March 11, 2025, even to the extent of insulting the late former Federal Commissioner for Information and South-South Leader, Chief Edwin.
Recall that the FCT minister had, on Thursday, during a media chat, described PANDEF as “the worst organisation anybody can rely on”, while also calling the board of trustee members of the body “political merchants”.
In a statement signed by PANDEF Chairman on Saturday in Abuja, Ambassador Godknows Boladei Igali, urged President Tinubu as the father of the nation, to prevail upon the Honourable Minister to retract his inflammatory statements and extend due respect to these eminent.
Igali clarified that the meeting with the president provided a valuable platform to discuss pressing issues of national and regional importance. Adding that “PANDEF remains unwavering in its commitment to peace, stability, and equitable development in the Niger Delta. We will continue to engage with great vigour, all relevant stakeholders in pursuit of lasting harmony in Rivers State and the broader South-South region.”
His words: ^To set the record straight, PANDEF the foremost socio-political body representing the South-South regions, composed of some of Nigeria’s most distinguished personalities. The delegation to Mr. President included chairpersons of at least four of the six SouthSouth states’ traditional councils, senior traditional rulers of major ethnic groups, former governors, past presiding officers of the Senate, prominent entrepreneurs, academics, and high-ranking retired military officers.
“It is, therefore, highly regrettable and totally unacceptable that a serving minister in the Federal Government would exhibit such brazen disrespect towards individuals of this standing. This attitude perhaps explains his continued refusal of the Minister to engage with the Peace and Reconciliation Committee, which PANDEF constituted as far back as October 2024, despite repeated attempts to reach.
“The Honourable Minister (Wike) characterized PANDEF as the worst organization ever” and accused its members of visiting the Presidential Villa merely to solicit financial favors. These statements are not only false but also unbecoming of a public official of his stature.
“PANDEF hereby calls upon Mr. President, as the father of the nation, to prevail upon the Honourable Minister to retract his inflammatory statements and extend due respect to these eminent Nigerians and traditional rulers who were, after all, esteemed guests of the Commander-in-Chief. It is apt to remind that the Minister does not own the Niger-Delta and his errant conduct should not be condoned.
“Notwithstanding this regrettable development, PANDEF remains unwavering in its commitment to peace, stability, and equitable development in the Niger Delta. We will continue to engage with great vigour, all relevant stakeholders in pursuit of lasting harmony in Rivers State and the broader South-South region,” Igali stated.
On efforts to restore peace in River State, Igali restated PANDEF’s commitment for peace in the oil-rich State.
“For the avoidance of doubt, the Peace and Reconciliation Committee, which remains committed to resolving the Rivers State crisis,” Igali stated.
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