Fidelity Bank Reaffirms Corporate Governance Commitment

Fidelity Bank Plc has reaffirmed its commitment to stable leadership and strong corporate governance as a fundamental approach for ensuring the happiness of customers and investors.

Mrs. Nneka Onyeali-Ikpe, the bank’s managing director/chief executive officer, announced this at a send-off and welcoming celebration held to honor both the outgoing and incoming directors.

The event, with the theme ‘Beyond Limits,’ according to the bank, is just another proof of its growing profile as it continues to set the pace in the Nigerian banking market.

In her remarks, Onyeali-Ikpe extended her profound gratitude to the outgoing directors, particularly the former MD/CEO, Nnamdi Okonkwo, and former chairman, Ernest Ebi, for laying the groundwork for the incoming administration.

“Without the hard work and guidance of our outgoing board members, we would not be where we are today as an institution.” “We are grateful for this, as well as their ongoing support after I left the board,” she stated.

She went on to say that, as a result of the solid leadership structure, Fidelity has grown stronger as a bank in the last year and has properly served its stakeholders.

“At the start of the year, we announced our seven key imperatives that will guide our strategy to become a tier-one bank by 2025, and we are pleased to report that we are on track.”

“Recently, we completed a highly successful Eurobond offering, raising $400 million from international capital markets via a five-year tenor Eurobond with a 7.765 percent coupon,” she said.

Several luminaries, including the chairman of the Dangote Group, Alhaji Aliko Dangote, and the GMD of the United Bank of Africa, Kennedy Uzoka, among others, attended the event, which was a beautiful and very enjoyable evening.

Fidelity Bank has maintained its standing in the industry as a forward-thinking organization. The bank has steadily and sustainably grown its business based on a meticulous and well-planned strategy that has not only contributed to its bottom line but also ensured the protection of stakeholders’ capital.