Fidelity appoints Mustafa Chike-Obi as Board Chairman

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Following the resignation of Ernest Ebi, Fidelity Bank Plc has appointed Mustafa Chike-Obi as its new Chairman.

In a statement, the bank said Ebi will continue in the role until the incoming chairman assumes office to ensure smooth and successful transition.

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The bank’s Managing Director/CEO, Nnamdi Okonkwo, commended the contributions of the outgoing board members, saying the board and indeed the bank has benefitted immensely from their experiences.

Mustafa Chike-Obi was the inaugural Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (“AMCON”) from 2010 – 2015. During his 5-year tenure as MD/CEO of AMCON, Mustafa Chike-Obi performed creditably and won many accolades and admiration from stakeholders in Nigeria’s Banking and Financial services industry.

The First Class graduate of Mathematics from University of Lagos who also holds an MBA from Stanford University Graduate School of Business was the founding president at Madison Advisors, a financial services advisory and consulting firm in New Jersey, specialising in hedge funds and private equity investment advice.

The outgoing chairman expressed pride in the results that the bank achieved during his time as chairman.

“I feel that the management team has consolidated on our plans to become one of the fastest-growing banks in the country, strongly rooted in technology only comparable with the best in the world.

“I am confident that my successor will continue on that path to take the Bank to its next stage of growth and advancement . I wish my successor, the management team, and the entire staff of Fidelity Bank the very best for continued success,” he said.

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