Fidelity Bank Plc, a leading Nigerian lender, has announced that Mr. Mustafa Chike‑Obi’s tenure as Chairman of the Board of Directors will conclude on 31 December 2025. Effective 1 January 2026, Mrs. Amaka Onwughalu will assume the role of Chairman. The transitions comply with the bank’s governance policy and have been reported to the Central Bank of Nigeria and the Nigerian Exchange Group.
Under Mr. Chike‑Obi’s leadership, Fidelity Bank achieved several milestones. The bank repaid its Eurobond, completed a public offer and rights issue, and expanded operations into the United Kingdom. It also secured improved ratings from multiple agencies, strengthened its capital position, and recorded steady growth in customer deposits and total assets. Enhancements to digital banking and the corporate‑and‑investment banking proposition boosted market confidence and sustained an upward performance trajectory.
Mrs. Amaka Onwughalu brings more than 30 years of banking experience, having held executive positions at Mainstreet Bank Limited and Skye Bank Plc. Since joining the Fidelity Bank Board in December 2020, she has chaired key committees. Her expertise in economics, corporate governance, and business administration equips her to steer the bank’s strategy and create sustainable value.
Fidelity Bank Plc is a full‑service commercial deposit‑money bank serving over 9.1 million customers through digital channels and 255 business offices in Nigeria and the United Kingdom. The bank has earned numerous local and international awards for digital transformation, MSME banking, and investment banking services.
As the bank embarks on a new chapter under Mrs. Onwughalu’s leadership, it aims to build on recent achievements and continue delivering value to stakeholders. With a strong foundation, a commitment to innovation, and a focus on digital banking, corporate and investment banking, and export financing, Fidelity Bank is poised to maintain its position as one of Nigeria’s leading banks and drive growth in the years ahead.
