In a strategic leadership transition, Fidelity Bank Plc has appointed Mrs. Amaka Onwughalu as its new Board Chairman, succeeding the accomplished Mr. Mustafa Chike-Obi who concluded his transformative tenure on December 31, 2025.

The bank announced the leadership change through an official notice sent to the Nigerian Exchange Limited, highlighting Chike-Obi's significant contributions during his chairmanship. Under his guidance, Fidelity Bank experienced remarkable growth across critical financial metrics, establishing a robust foundation for future success.

Mrs. Onwughalu, who joined the bank's Board in December 2020, brings over three decades of extensive banking expertise to her new role. Previously serving as Chairman of the Board Credit Committee and Board Committee on Bank Capitalization, she has an impressive professional background that includes executive leadership positions at Mainstreet Bank Limited and Skye Bank Plc.

The Central Bank of Nigeria has been formally notified of Onwughalu's appointment, which becomes effective January 1, 2026. Her academic credentials are equally impressive, with a BSc in Economics from the University of Buckingham, an MSc in Corporate Governance from Leeds Metropolitan University, and an MBA from the University of Port Harcourt.

Fidelity Bank expressed confidence in Onwughalu's ability to continue executing the bank's strategic objectives. Her extensive executive education from world-renowned institutions like INSEAD, IMD Lausanne, Cambridge Judge Business School, and Harvard Kennedy School further underscores her leadership capabilities.

Currently serving as CEO of Blueshield Financial Services Limited, Onwughalu represents a new generation of dynamic financial leaders committed to innovative governance and strategic growth. The bank's Board emphasized that her appointment reflects their commitment to maintaining high governance standards and ensuring smooth leadership transitions.

As Chike-Obi concludes his impactful tenure, the bank warmly acknowledged his outstanding contributions, noting his pivotal role in achieving key milestones aligned with the organization's long-term vision. Onwughalu's appointment signals continued momentum and strategic excellence for Fidelity Bank in the coming years.