Honestly, this whole Fidelity Bank Supreme Court thing has gotten so blown up online and in the news, it’s kinda wild. So, here’s what I figured out after reading a bunch of articles and hearing what people are saying. Way back in 2002, there was this bank called FSB (it’s gone now, and Fidelity Bank took over its stuff) that gave a big $3 million loan to a company called G. Cappa. G. Cappa couldn’t pay the loan back, so FSB sold a property in Ikoyi (super fancy area in Lagos) to another company, Sagecom. But then G. Cappa was like, “No way, that sale’s not fair!” and kept collecting rent on the property for YEARS. Sagecom then sues everyone—G. Cappa and the bank. After years of drama, it goes all the way to the Supreme Court, and the court says Sagecom gets damages.

But here's the crazy part: it’s not clear how much money Fidelity actually owes because the court’s judgment is kinda confusing about which exchange rate to use. Now, weird stories are popping up claiming Fidelity Bank is about to go bankrupt, but that’s just not true. The bank’s even saying its Q1 2025 results are solid and it isn’t broke or anything. If you ask me, the news totally overhyped it, and the real problem is just legal confusion left from old FSB business.

Don’t believe everything you read online – always check with trusted sources, because banks don’t just disappear overnight.