By RismadarVoice Media
January 2, 2026
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 the new Chairman of the Board.
The announcement was contained in a notice signed by the Company Secretary, Mr Ezinwa Unuigboje, filed with the Nigerian Exchange Limited on Friday.
According to the notice, Mr Chike-Obi, a Non-Executive Director, stepped down on December 31, 2025, after steering the Bank through a period of significant growth across key financial metrics.
The Bank commended his leadership, noting that under his chairmanship, the Board successfully executed the Bank’s strategic agenda, achieved major milestones in line with its 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 on the Board,” the notice stated.
In line with Fidelity Bank’s Board Succession Planning Policy, Mrs Amaka Onwughalu, an existing Non-Executive Director, assumed office as Board Chairman with effect from January 1, 2026.
The Bank also confirmed that the Central Bank of Nigeria has been formally notified of her appointment.
Mrs Onwughalu joined Fidelity Bank’s Board in December 2020 and has held several key leadership positions, including Chairman of the Board Credit Committee and the Board Committee on Bank Capitalization. She brings over 30 years of banking experience, having previously served as Group Managing Director of Mainstreet Bank Limited and Deputy Managing Director at Skye Bank Plc.
Currently the Chief Executive Officer of Blueshield Financial Services Limited, Mrs Onwughalu holds a Bachelor of Science degree in Economics from the University of Buckingham, a Master’s degree in Corporate Governance from Leeds Metropolitan University, an MBA from the University of Port Harcourt.
She has also attended executive programmes at leading global institutions, including INSEAD, IMD Lausanne, Cambridge Judge Business School, Columbia Business School, Stanford University, and Harvard Kennedy School.
