Fidelity Bank Extends Onyeali-Ikpe’s Contract as GMD to 2026

Fidelity Bank Plc has announced its Board of Directors’ decision to extend the employment contract of Nneka Onyeali-Ikpe, its GMD/CEO, from 2024 to 2026.

Nneka Onyeali-Ikpe, its GMD/CEO, Fidelity Bank

The decision was taken at the board’s meeting on February 12, 2024, according to a notice at the Nigerian Exchange Limited (NGX).

The extension is in furtherance of the bank’s strategic objectives and premised on Onyeali-Ikpe’s sterling performance since assumption office on January 1, 2021.

Fidelity Bank recently released its full-year 2023 financial statements, reporting gross earnings growth of 72 per cent to N575.421 billion from N334.966 billion in 2022.

Its Profit After Tax (PAT) rose in 2023 to N99.902 billion from N47.165 billion in 2022, up by 112 per cent.

Born July 28, 1964, Nneka Onyeali-Ikpe is the first female managing director and chief executive officer of Fidelity Bank Nigeria.

She has a law degree from the University of Nigeria, Nsukka. She also has a master’s degree in Law from King’s College London.

In 1990, she began working in banking as a legal officer for the now-defunct African Continental Bank. She subsequently worked as a treasury officer for the First African Trust Bank.

She later joined Zenith Bank and Standard Chartered Bank respectively.

In 2011, she joined Enterprise Bank as an executive director of the bank’s operations in Lagos and other locations in the South-Western region in Nigeria.

Onyeali-Ikpe joined the commercial bank Fidelity as an executive director in January, 2015.

Fidelity Bank announced Onyeali-Ikpe as its managing director in December 2020.