Fidelity Bank Don Change Chairman as Amaka Don Take Over

Na so Fidelity Bank take announce say dem don appoint Amaka Onwughalu as di new board chair, effective from January 1, 2026. Dis news come after Mustafa Chike-Obi, wey don dey chair di board, finish im tenure for December 31, 2025. Dem talk say di transition follow di bank’s governance policy and dem don inform Central Bank of Nigeria (CBN) and Nigerian Exchange Group (NGX) well well.

Chike-Obi tenure no be small one oh! Under im watch, Fidelity Bank don achieve plenty milestones like di repayment of Eurobond wey dem issue, and dem also complete public offer and rights issue wey oversubscribe pass wetin dem expect. No forget say di bank even jump reach UK as dem expand di business dey and dem ratings from credit agencies don improve sharply. E no be magic, na hard work!

As im dey step down, Chike-Obi talk say e be privilege to serve Fidelity Bank and e show big appreciation to di board, management, and staff for di achievements dem don carry come. Chike-Obi dey sure say di bank go continue to deliver value to all dem stakeholders.

Now, make we enter di real gist: Amaka Onwughalu go take charge as di first female chairman for di bank. She don dey with di bank since December 2020 and don lead multiple key board committees. Her resume no dey joke as she get over 30 years for di banking industry, including top positions for Mainstreet Bank Limited and Skye Bank Plc. On top all dis, she don carry several degrees and awards for economics, corporate governance, and financial management.

Onwughalu don talk say di bank recent achievements don create strong foundation for better growth. She dey look forward to partner with her team to push di bank strategy and bring sustainable value beg for everyone. Di bank dey serve over 9.1 million customers through dia digital channels and 255 offices inside Naija and UK. Na serious matter this oh!

For di financial aspects, dem report say Fidelity Bank don increase im gross earnings by 46 percent reach N748.7 billion as di first half for 2025, from N512.9 billion from di previous year. Dis na clear sign say di bank dey grow, and with Onwughalu now on di driver seat, dem believe say di growth go continue.