Fidelity Bank Plc has announced the completion of the tenure of its Board Chairman, Mr Mustafa Chike-Obi, and the appointment of Mrs Amaka Onwughalu as his successor.
The announcement was contained in a notice signed by the Company Secretary, Ezinwa Unuigboje, and submitted to the Nigerian Exchange Limited on Friday. According to the notice, Mr Chike-Obi, a Non-Executive Director, officially stepped down from the Board on December 31, 2025, after a period marked by notable growth and strategic progress for the bank.
“During his tenure, Fidelity Bank recorded significant improvements across key financial indices, with the Board successfully executing major milestones aligned with the institution’s long-term vision.
Under his chairmanship, the Bank recorded significant growth across key financial indices, with Mr Chike-Obi leading the Board to ensure the successful execution of the Bank’s strategy and achievement of key milestones in line with the long-term vision of the Bank,” the notice stated.
The Board and Management also expressed appreciation for his contributions, describing his leadership as instrumental to the bank’s development and governance strength.
In line with Fidelity Bank’s Board Succession Planning Policy, Mrs Amaka Onwughalu, existing Non-Executive Director, assumed the role of Board Chairman with effect from January 1, 2026, and the bank confirmed that the Central Bank of Nigeria has been formally notified of the appointment.
