In a significant development, the Court of Appeal in Abuja has reversed an earlier judgement that awarded N10 million to the Economic and Financial Crimes Commission (EFC) in a fundamental rights case against Fidelity Bank. According to Punch Newspapers, the high court ruling, which was delivered in May 2026, had found the bank culpable of infringing on the EFC’s rights during an investigation. However, the Court of Appeal, citing procedural errors and insufficient evidence, overturned the judgement earlier this week. This decision is expected to have far-reaching implications for both Fidelity Bank and the EFC, as well as the broader financial sector in Nigeria. The case underscores the importance of due process and the role of courts in upholding individual rights while ensuring that investigations are carried out within the confines of the law.
By
