The Board of Directors of Fidelity Bank Plc has officially announced the extension of Dr. Nneka Onyeali-Ikpe’s employment contract as Group Managing Director/Chief Executive Officer from 2024 to 2026.
This decision was reached during a Board meeting held on Monday and subsequently disclosed in a statement filed with the Nigerian Exchange Limited and released to the public on Thursday.
The extension of Onyeali-Ikpe’s tenure aligns with the strategic goals of the bank and acknowledges her outstanding performance since assuming office on January 1, 2021.
The Board expressed confidence in Onyeali-Ikpe’s leadership, anticipating continued growth and success for the bank under her guidance. They look forward to collaborating closely with her and the Executive Management Team to execute various strategic initiatives, including plans for international expansion.
Onyeali-Ikpe assumed the role of MD on January 1, 2021, succeeding Nnamdi Okonkwo, who retired from the Board of Directors upon the completion of his contract tenure on December 31, 2020.
Prior to her appointment as MD, Onyeali-Ikpe served as Executive Director, Lagos and South West Directorate at Fidelity Bank.
The bank’s unaudited results for 2023 reflected significant growth, with a profit before tax of N122.15 billion, marking a remarkable 128 percent increase from the previous year’s figure of N53.68 billion. Additionally, gross earnings for the period stood at N552.77 billion, representing a substantial 64 percent growth compared to the N337.05 billion recorded in 2022.