Fidelity Bank Reiterates Commitment to Stable Leadership and Corporate Governance

Celebrates Outgoing and Incoming Board of Directors

As a leading financial institution in Nigeria, we have restated our commitment to stable leadership and strong corporate governance as a key strategy to ensuring customers' and investors’ satisfaction. Our MD/CEO, Mrs. Nneka Onyeali-Ikpe, made this known at the send-off and welcome party organised to honour both the outgoing and incoming directors respectively.

The event which was held at the Eko Convention Center and themed Beyond Limits is yet another demonstration of our increasing profile as we continue to set the pace in the Nigerian banking industry.

Addressing the guests at the event, Nneka expressed her heartfelt gratitude to the outgoing directors especially Nnamdi Okonkwo the erstwhile MD/CEO, and Ernest Ebi, MFR, Former Chairman, for creating a strong track record for the new administration to press forward with.

“We would not be where we are today as an institution without the hard work and guidance of our outgoing board members. We are grateful for this as well as their continued support even after exiting the board,” Nneka said.

Speaking further Nneka said, “I am especially thankful to the new board of directors particularly the chairman, Mr. Mustafa Chike-Obi whose level of wisdom and professionalism is second to none. Within the past year, we have grown stronger as a bank and thoroughly served our stakeholders adequately due to the strong leadership structure. At the beginning of the year, we announced our seven key imperatives that will guide our strategy to be a tier-one Bank by 2025 and we are glad to announce that we are well on track. Just recently, we concluded a highly successful Eurobond offering, raising US $400 Million from the international capital markets through a 5-Year tenor Eurobond, with a 7.765% coupon.”

“As we continue our operations as a bank, with all hands on deck, we can only be sure of achieving even more audacious goals,” our MD/CEO concluded.

Well attended by several dignitaries including Alhaji Aliko Dangote, Chairman, Dangote Group; Kennedy Uzoka, GMD, United Bank of Africa; Senators Abdullahi Gumel and Bello Mandiya (who represented the Senate President, Senator Ahmed Lawan); Hajia Lami Fintiri, First Lady of Adamawa State, Mrs. Bamidele Abiodun, First Lady of Ogun State, Dr. Eunice Ortom, First Lady of Benue State amongst others, the guests were hosted to a delightful and thoroughly entertaining evening.

We have continued to position ourselves as a forward-thinking institution in the industry by consistently and sustainably growing our business based on a careful well-thought-out strategy that has not only contributed to the bottom line but also guarantees the safety of stakeholders’ funds.