Fidelity Bank Plc has welcomed Mrs. Amaka Onwughalu as its new Board Chairman, taking over from Mr. Mustafa Chike-Obi, whose tenure concluded at year-end.
The transition was announced in an official filing to the Nigerian Exchange Limited on Friday, signed by Company Secretary Ezinwa Unuigboje.
Chike-Obi, who served as a Non-Executive Director, concluded his term on December 31, 2025. During his chairmanship, the bank experienced substantial growth across major financial indicators. The institution credited him with guiding the Board through strategic milestones aligned with the bank’s long-term vision.
“The Board and Management seize this opportunity to express sincere appreciation to Mr. Mustafa Chike-Obi for his outstanding contributions to the growth and development of the Bank during his tenure,” the announcement stated.
Following the bank’s Board Succession Planning Policy, Onwughalu—already serving as a Non-Executive Director—assumed the chairman position on January 1, 2026. The Central Bank of Nigeria has been formally informed of the appointment.
Onwughalu joined Fidelity Bank’s Board in December 2020, where she previously chaired the Board Credit Committee and the Board Committee on Bank Capitalisation. She brings more than three decades of banking expertise, having held executive management roles across multiple financial institutions. Her previous positions include Group Managing Director at Mainstreet Bank Limited and Deputy Managing Director at Skye Bank Plc.
She currently serves as CEO of Blueshield Financial Services Limited and holds degrees including a BSc in Economics from the University of Buckingham, an MSc in Corporate Governance from Leeds Metropolitan University, and an MBA from the University of Port Harcourt. Her executive education includes programmes at prestigious institutions such as INSEAD, IMD Lausanne, Cambridge Judge Business School, Columbia Business School, Stanford, and Harvard Kennedy School.
The bank expressed strong confidence in Onwughalu’s ability to guide the Board in executing strategic objectives, describing the succession as evidence of Fidelity Bank’s commitment to strong governance practices.
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