New appointments at Fidelity Bank excite shareholders

Fidelity Bank

New appointments at Fidelity Bank excite shareholders

Shareholders have continued to applaud the recent appointments of new board executives into the Board of Fidelity Bank. Some of the bank shareholders spoken to told our reporter that they were impressed by the seamless transition in the bank leadership.

Fidelity Bank
Fidelity Bank

According to them, this was in keeping with the age-long tradition of Fidelity Bank which by careful planning and projections over the years has maintained the culture of zero-crisis in leadership succession.

The bank has on the basis of this continued to wax stronger and has become the toast of micro, small and medium scale entrepreneurs in the country. Despite, covid-19 pandemic and the distress it brought on global economy, Fidelity Bank is one of the banks in Nigeria that weathered the storm, returning impressive balance sheet.

Recently the bank announced the appointments of new board executives to replace outgoing directors who recently completed their tenure in accordance with the bank’s internal governance policies.

Mr Mustafa Chike-Obi, Chairman, Board of Directors of the bank, said in a statement on Monday in Lagos.

The statement listed the newly appointed board members to include Mrs Amaka Onwughalu, Mr Nelson Nweke and Mr. Chinedu Okeke, as Non-Executive Directors.

While the appointment of Onwughalu and Nweke have been approved by the Central Bank of Nigeria (CBN) that of Mr Okeke is awaiting approval.

He said that the bank looked forward to leveraging on the multi-disciplinary experiences of the new board members.

Chike-Obi said: “The board is pleased with the appointments and is confident that the new directors will bring their considerable experience to bear in the bank’s growth trajectory.

“We are very delighted to welcome the newly appointed directors to the Fidelity family. These appointments end the ongoing board realignment, occasioned by the retirements that had to happen, in line with our governance policies,’’ he said(NAN)