The Board of Directors of Fidelity Bank Plc has announced the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South-west Directorate, as the Managing Director/Chief Executive Officer (MD/CEO) designate.
It also announced the impending retirement of the current MD/CEO of the bank, Mr. Nnamdi Okonkwo.
A statement from the bank said Okonkwo would step down from the board of the bank on December 31 upon completion of his contract tenure, in line with the bank’s governance policies.
It stated that the approval of the Central Bank of Nigeria (CBN) has been obtained for the appointment.
Also, the board approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the bank, as executive director, subject to the approval of the CBN.
“To ensure a smooth and successful transition, Nnamdi Okonkwo will continue in his role as the MD/CEO until December 31, 2020, while Nneka Onyeali-Ikpe will assume office as the substantive MD/CEO by January 1, 2021” said the Chairman, Board of Directors of Fidelity Bank, Mr. Ernest Ebi.
He commended the MD/CEO for his significant contributions to the growth and development of the bank.
“Fidelity Bank has enjoyed a very stable leadership since inception. These appointments underscore the bank’s robust human capital capabilities, governance, and succession policies. We thank Nnamdi not only for his sterling performance but also for nurturing the new team and the current crop of leaders to continue to steer the bank on its growth trajectory,” he said.
Okonkwo was appointed to the board of Fidelity Bank in April 2012 as an executive director and was subsequently appointed the MD/CEO on January 01, 2014.
He implemented a digital-led strategy, which led to significant growth across key performance matrix and increased market share, with the bank currently ranked sixth amongst Nigerian banks on most performance indices.
Mrs. 
Onyeali-Ikpe was appointed to the board of Fidelity Bank in 2015 as an executive director and currently oversees the Lagos and South West Directorate.
She led the transformation of the directorate to profitability and sustained its impressive year-on-year growth across key performance metrics.
Onyeali-Ikpe has been an integral part of the current management team, responsible for the remarkable increase in the bank’s performance in the last five years, with the area under her direct responsibility, contributing over 28% of the Bank’s PBT, deposits and loans.
She has over 30 years of experience across various banks, including Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank/Enterprise Bank, where she held management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking. As an executive director at the Legacy Enterprise Bank Plc, she received a formal commendation from the Asset Management Corporation of Nigeria (AMCON), as a member of the management team, that successfully turned around Enterprise Bank Plc.
She holds Bachelor of Laws (LLB) degree from the University of Nigeria, Nsukka; a Master of Laws (LLM) degree from Kings College, London and has attended executive training programmes at notable global institutions including Harvard Business School, The Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.
