Fidelity Bank announces major board reshuffle to sustain growth momentum

In a strategic move to bolster its leadership and sustain its impressive growth trajectory, Fidelity Bank Plc has announced key changes to its Board of Directors, effective January 14, 2025.

The appointments, approved by the Central Bank of Nigeria (CBN), aim to strengthen the bank’s strategic direction and operational excellence.

The announcement, made through a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, confirmed the appointment of three distinguished professionals to the Board: Alhaji Abdullahi Sarki Mohammed as an Independent Non-Executive Director; Ms. Obiaku Augusta Okam as a Non-Executive Director; Mr. Sufiyanu Ibrahim Garba as an Executive Director.

With over 36 years of experience spanning financial services, public administration, and human resources development, Alhaji Mohammed has held leadership roles at major institutions, including First Bank of Nigeria Plc and Polaris Bank Limited. His extensive expertise covers banking operations, public service, and business advisory.

A seasoned professional with more than 30 years of experience in banking, financial services, real estate, and retail sectors, Ms. Okam is currently the Managing Director/CEO of Skycurve Nigeria Limited. She previously held leadership positions at Zenith Bank Plc and Nigeria International Bank Limited (Citibank).

Mr. Garba brings over 30 years of multifunctional and cross-border experience in Nigeria and the United Kingdom. His career includes leadership roles at Access Bank Plc, Union Bank of Nigeria Plc, and Keystone Bank Limited, with expertise spanning financial services, public service, general management, and business origination.

READ ALSO: Fidelity Bank reports N200.8bn pre-tax profit, proposes interim dividend

Commenting on the appointments, Mustafa Chike-Obi, Chairman of Fidelity Bank Plc, expressed confidence in the new Board members:

“The Board welcomes these distinguished individuals and looks forward to leveraging their extensive experience to drive the Bank’s strategic objectives and further its growth trajectory.”

In a separate announcement dated January 16, 2025, Fidelity Bank disclosed the retirement of two long-serving Board members: Alhaji Isa Mohammed Inuwa, former Independent Non-Executive Director and Mr. Chidi Agbapu, former Non-Executive Director.

Both individuals retired after completing their tenures in accordance with the Bank’s policies. Fidelity Bank expressed its gratitude for their dedicated service and wished them success in their future endeavors.

Fidelity Bank Plc remains one of Nigeria’s leading financial institutions, serving over 8.3 million customers through 251 business offices in Nigeria and the United Kingdom, as well as its robust digital banking platforms.

These Board changes align with Fidelity Bank’s mission to remain at the forefront of Nigeria’s banking sector. The appointments, coupled with its award-winning services and innovative strategies, underscore the Bank’s commitment to delivering exceptional value to its stakeholders.