Fidelity Bank re-elects Amaka Onwughalu as chairman

Fidelity Bank's new Board Chairman, Mrs. Amaka Onwughalu. Photo: LinkedIn/ Amaka Onwughalu

Fidelity Bank Plc has re-elected Amaka Onwughalu as its Chairman, while approving the election of Jonathan Ososuakpor as a Non-Executive Director at its 38th Annual General Meeting held on 9 October 9, 2026.

The bank also approved the retirement of Nelson Nweke as a Non-Executive Director, effective 9 October 9, according to resolutions filed with the Nigerian Exchange Limited.

Shareholders approved the re-election of Onwughalu and the election of Ososuakpor as part of the ordinary business conducted at the virtual meeting.

The meeting also authorised the bank’s directors to determine the remuneration of its external auditors for the 2026 financial year.

In addition, shareholders noted the remuneration of the bank’s managers as disclosed in Note 40 of its 2025 audited financial statements.

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The bank also constituted its Statutory Audit Committee for the period ending at its next annual general meeting, in line with Section 404 of the Companies and Allied Matters Act, 2020.

The committee comprises three shareholder representatives, including Frank Onwu, Innocent Mmuoh and Kabiru Tambari, alongside Abdullahi Mohammed, an Independent Non-Executive Director, and Obiaku Okam, a Non-Executive Director.

At the meeting, shareholders also received the bank’s audited financial statements for the year ended 31 December, 2025, together with the reports of the directors, external auditors, audit committee and independent board appraisal consultants.

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