Follow Us on Google
Former representative of Bayelsa East, Senator Ben Murray-Bruce and a former presidential aide, Mr. Reno Omokri, have endorsed Fidelity Bank, saying its financials are sound and urged their followers to subscribe to its stocks.
The duo in separate statements at the weekend said their review of the bank’s earnings and records showed that it is healthy, asking Nigerians to invest in its stocks in the face of rising inflation that has reduced the value of the naira.
There have been concerns about the state of health of the second-tier bank since a foreign economy journal, Bloomberg, published an article that suggested that the financial institution was troubled, prompting the Central Bank of Nigeria to issue a statement clearing Fidelity Bank and the entire banking system as sound.
Omokri had in a video last week admonished Nigerians to move their savings from the banking system to the stock market, contending that the runaway inflation in the country was making nonsense of their funds.
In another video at the weekend, he reiterated the same advice but clarified that his passing reference to Fidelity Bank as a low-floating financial institution was based on the inaccurate report from Bloomberg and urged Nigerians to continue their dealings with the bank.
“I want to say that the Central Bank of Nigeria is right about Fidelity Bank being in good standing, and the story was not quite accurate as Bloomberg did not have the facts as I now have them,” he stated.
Saying he had the most-paid subscribers on X to whom he has a duty of care, he urged Nigerians to support Fidelity Bank and subscribe to its shares without hesitation.
He said, “This is a solid bank, and I rate it stable positive. I encourage my paid subscribers and the general public to extend the right hand of fellowship to the bank.”
Murray-Bruce, also the chairman of Silverbird Group, backed Omokri’s enthusiasm about Fidelity Bank.
“I read Reno Omokri’s review of Fidelity Bank following the Bloomberg story,” he said, adding, “With his keen financial mind, and my knowledge of Fidelity’s standing, I am confident in the bank’s soundness as affirmed by the Central Bank of Nigeria.”
Murray-Bruce stated that based on his confidence, he would buy more stock in Fidelity and urged his followers to consider doing the same.
