Title: Fidelity Bank Appoints Amaka Onwughalu as Board Chairman Date Published: 03 January 2026 Description: Fidelity Bank Plc has announced the appointment of Mrs Amaka Onwughalu as the new Chairman of its Board of Directors, effective January 1, 2026.The bank made this known in a statement issued on Friday, stating that the appointment followed the completion of the tenure of the outgoing Chairman, Mr Mustafa Chike-Obi, on December 31, 2025.According to the statement, the board transition is in line with the bank’s governance policy and had been duly communicated to the Central Bank of Nigeria (CBN), the Nigerian Exchange Group and other relevant stakeholders.The bank highlighted several achievements recorded under Chike-Obi’s leadership, including the repayment of its Eurobond, the successful completion of the first tranche of its public offer and rights issue, which were oversubscribed, and the expansion of its operations with improved ratings from various agencies.It added that during his tenure, Fidelity Bank strengthened its capital base, recorded steady growth in customer deposits and total assets, deepened its digital banking capabilities and enhanced its corporate and investment banking offerings.The statement further noted that the bank made significant progress in governance, risk management and operational efficiency, contributing to increased market confidence and sustained performance growth.Reflecting on his tenure, Chike-Obi described it as a privilege to have served as Chairman of the bank, expressing confidence in Fidelity Bank’s future growth and value delivery to stakeholders.On her appointment, Onwughalu said it marked the beginning of a new chapter for the bank. She noted that the institution’s recent achievements had laid a solid foundation for continued growth.“I am honoured to lead the Board of Fidelity Bank at this exciting time. I look forward to working with my colleagues to drive our strategy and deliver sustainable value to all stakeholders,” she said.Onwughalu joined the Board of Fidelity Bank in December 2020 and has chaired several key board committees. She brings over 30 years of banking experience, having held executive positions at Mainstreet Bank Ltd and Skye Bank Plc.She holds degrees in Economics, Corporate Governance and Business Administration, and has participated in executive programmes at leading global institutions. (NAN) Attached Images: 643c50cdd2625a4d69c2a6d8470abe34c8399b1e7731a6128041cc71728703a1.jpg Attached Video: None