In April 2023, the investigation into the bank was initiated after a customer had reported that the bank used their personal information to open an account without authorization.

However, the fine is only 0.1% of Fidelity Bank's 2023 profits meaning that the the bank made over ₦500 billion in 2023.

click on the link below to read the full article on the issue.
[url][https://rebruit.com/fidelity-bank-faces-%e2%82%a6555-8-million-fine-over-data-violations/]