Fidelity Bank Extends The Tenure of Its Managing Director Dr. Nneka Onyeali-Ikpe to 2026
Fidelity Bank Plc’s Board of Directors has revealed the extension of the employment contract of its Group Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026.
This decision, announced in a statement filed with the Nigerian Exchange Limited and accessed by PUNCH Online on Thursday, was made during the Board meeting held on Monday.
The Bank wrote,
“The extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since assumption of office on January 1, 2021.
The Board is confident that the Bank’s performance will continue its upward trajectory under Dr. Nneka Onyeali-Ikpe’s leadership and looks forward to working closely with her and the Executive Management Team on the execution of various strategic initiatives including international expansion”
Onyeali-Ikpe assumed office as MD/CEO of Fidelity Bank on January 1, 2021, and led the company to profitability.
Before she was appointed MD, Onyeali-Ikpe was Executive Director, Lagos and South West Directorate at the bank.
Under the CEO, Fidelity Bank announced the completion of the acquisition of a 100 per cent stake in Union Bank UK.
In its unaudited results for 2023, Fidelity Bank posted a profit before tax of N122.15bn representing a 128 per cent growth from the N53.68bn recorded in the previous year.
