Fidelity Bank Plc is no doubt one of the leading financial institutions in the country today. With its high caliber professionals with diverse skills and experience, the Bank has enacted its unrivaled commitment to stable leadership and strong corporate governance, knowing this is a key strategy to ensuring customers’ and investors’ satisfaction.
The bank has continued to position itself as a forward-thinking institution in the industry. Opinion molders in the banking sector believe the bank has consistently and sustainably grown its business, based on a carefully selected and well-thought-out team. This has not only contributed to its bottom line but also guaranteed the safety of stakeholders’ funds.
The Bank’s MD/CEO, Nneka Onyeali-Ikpe has purposefully led the bank’s increasing profile, as it continues to set the pace in the Nigerian banking industry.
Together with the Board of Directors, the Bank has created a strong track record with which consecutive administrations at the helm of affairs of the bank press forward with.
The bank, no doubt, is where it is today as an institution, with the unrelenting hard work and guidance of its board members.
Chaired by Mustafa Chike-Obi, who was appointed Chairman of the Board of Fidelity Bank in July 2020, the Board of Directors of Fidelity have deployed a high level of wisdom and professionalism, which is second to none.
Prior to his appointment, Mustafa Chike-Obi served as Executive Chairman at Alpha African Advisory.
Within the past two years of chairing the Board, Fidelity has grown stronger as a bank and thoroughly served its stakeholders adequately due to the strong leadership structure.
He has held several managerial and leadership positions in reputable global investment banking and asset management firms such as Chase Merchant Bank, Goldman Sachs, Shoreline Group, Bear Stearns and Guggenheim Partner, amongst others, where he acquired a broad knowledge base in capital market operations in both mature and emerging markets. This includes the development and marketing of fixed income securities products to institutional investors. It is also noteworthy that he created the Treasury Department concept in Nigerian banking and headed the first one.
Mustafa holds a Bachelor’s Degree in Mathematics and a Master’s in Business Administration from Stanford School of Business, California, USA. He sits on the board of several blue-chip companies.
Fidelity Bank’s key imperatives, which has guided its strategy and operations to be a tier-one Bank by 2025 has been on track, due to the support of the Bank’s board. Last year, Fidelity Bank concluded a highly successful Eurobond offering, raising US $400 Million from the international capital markets through a 5-Year tenor Eurobond, with a 7.765% coupon.
With the kind of cooperation the Bank’s board is enjoying, it is certain the bank will achieve more audacious goals as the years go by.
Chike-Obi and his board of Directors have continued to pursue the mandate of the bank by working with relevant stakeholders to ensure Fidelity plays a more active role in the nation’s economy.
A stakeholder said, Chike-Obi and his team have represented more robustly the interest of the bank and have projected the image of the institution in good light.
Customers now see themselves as essential partners in the daily operation of Fidelity Bank.
No doubt, there have been interesting times in the bank, given the Covid-19 pandemic and resulting economic challenges, however, the team of leaders at Fidelity have made frantic efforts, partnering with important stakeholders as well as customers, regulators and all other players to contribute their quota to positioning the bank in an enviable position, for sustainable growth and recovery.
Olamide Adeniji is a member of the editorial team of TheScript Newspaper
