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Appointments

Fidelity Bank Nigeria Plc announces the appointment of 2 directors

Henry Obih and Kenneth Opara have been appointed respectively as Non-Executive Director and Executive Director of Fidelity Bank.

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Fidelity Bank Nigeria Plc announces the appointment of 2 directors

Fidelity Bank Nigeria Plc has announced the appointments of Engr. Henry Ikem Obih as the Independent Non-Executive Director, and Dr. Kenneth Onyewuchi Opara as the Executive Director of the Bank, with effect from September 21, 2020 and January 1, 2021 respectively. Both appointments have been approved by the Central Bank of Nigeria (CBN).

According to the notification, Dr. Opara’s appointment is in furtherance of the Bank’s succession plan for Executives and the CBN’s earlier approval of the appointment of Mrs. Nneka Onyeali-Ikpe (who currently serves as the Executive Director, Lagos & South West Directorate), as the succeeding MD/ CEO of the Bank, with effect from January 1, 2021, upon the retirement of the incumbent MD/CEO, Mr. Nnamdi Okonkwo, on December 31, 2020.

READ: FUGAZ; Nigerian banks considered too big to fail

This was disclosed in a notification sent by Fidelity Bank to the Nigerian Stock Exchange (NSE), Shareholders and other relevant stakeholders, and signed by the company’s Secretary, Ezinwa Unuigboje.

Dr. Opara is a seasoned banker with over 29 years of experience serving at various financial institutions, including Legacy Omega Bank Plc, Equatorial Trust Bank Plc, and Manny Bank Plc. His areas of expertise are; Credit, Treasury, Retail, Consumer and Commercial Banking, International Operations, and Corporate Banking. He is currently the General Manager/Regional Bank Head, Ikeja Regional Bank of Fidelity Bank Plc.

READ: Profiles of the men who determine your internet experience

Prior to joining Fidelity Bank Plc in 2006, following its merger with Manny Bank Plc, Dr Opara held various management positions in the industry, including Divisional Head, Managed SMEs, Multilateral Agencies & Trade Missions etc.

He is an alumnus of University of Nigeria, where he obtained a B.Sc. in finance and MBA and International University of Panama, where he obtained a Ph.D. in Credit Management. Dr. Opara also attended Executive Management programs at Harvard Business School, Kellogg School of Management, Wharton, INSEAD, and Lagos Business School amongst others. He is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN) and an active member of the Institute’s Governing Council, where he currently serves as 1st Vice President, having previously served as 2nd Vice President and National Treasurer of the Institute

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READ: Is Zenith Bank thriving on the strength of sound financial indices?

On his part, Engr. Obih was the GED/COO, Downstream, NNPC until his retirement in 2019, and was subsequently appointed to the Board of Nigeria Liquefied Natural Gas Limited (NLNG) in July 2020. He joins the Board of Fidelity Bank Plc with over thirty years of experience in cross-functional tasks across different continents including Africa, Europe, Asia, and in America.

His areas of competence include; Poject and Performance Management, Manufacturing and Operations Management, Sales and Marketing, Strategy and Business Planning/Analysis, Business Development/ Re-engineering, General Management, Corporate Governance, and Risk Management.

READ: Fidelity Bank to raise N50 billion in bonds in Q4 to refinance existing debts

He has served in various leadership roles and boards, including Director and Executive roles at Mobil Oil Nigeria; board positions at Nigeria Gas Marketing Company Limited; Pipelines and Products Marketing Company Limited; NNPC Retail Limited; NIDAS Marine Limited (a subsidiary of NNPC, in joint venture with Daewoo Industries South Korea); NIKORMA Limited (a subsidiary of NNPC in joint venture with Hyundai Heavy Industries South Korea); and Duke Oil Company Inc. He also served on the Presidential Inter-Ministerial Committee on Road Haulage Reforms.

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READ: Fidelity Bank announces closed period ahead of H2 financial statements release

Engr. Obih is an alumnus of University of Nigeria, Nsukka (UNN) and University of Bradford, Yorkshire, England, where he obtained a B.Sc. in Mechanical Engineering and an MBA in Financial Management respectively. He is also a member of professional bodies like; The Institute of Directors, Society for Corporate Governance, and Council for the Regulation of Engineering in Nigeria (COREN). He is a Fellow of the Nigerian Society of Engineers (NSE), Nigerian Institution of Mechanical Engineers, and Institute of Credit Administration amongst others. In addition, he has attended executive programs in Leadership, Strategy, Finance, Corporate Governance, and Business Management at some of the world’s leading institutions, including Columbia Business School; New York, Massachusetts Institute of Technology (MIT); IMD Lausanne, Switzerland; London Business School, and Lagos Business School, Nigeria.

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Appointments

Usman Alkali Baba assumes office as new IG of Police

The FG announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.

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The Federal Government announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.

The FG disclosed this in a statement on Wednesday evening, citing that he is taking over from IGP Mohammed Abubakar Adamu, NPM, who retired after 35 years of meritorious service to the nation.

What the FG is saying

“The handing/taking over of leadership between the former and new Police Chiefs was held in a brief but colourful ceremony at the Force Headquarters, Abuja. The event was climaxed with the symbolic handover of the Nigeria Police flag.

The new IGP, who is the 21st indigenous Inspector General of Police, Ag. IGP Usman Alkali Baba, NPM, psc (+), fdc, a fellow of the National Defence College, hails from Geidam in Yobe State. He was commissioned into the Nigeria Police Force on 15th March 1988 as a Cadet Assistant Superintendent of Police.

He holds a Masters degree in Public Administration (MPA) and a Bachelor of Arts degree in Political Science.

The FG also disclosed that the new IGP believes in the provision of motivational and credible leadership driven by professionalism and strategic planning, all directed at stabilizing internal security and modernizing police operations within the framework of citizens’ consent, trust, and the rule of law.

In case you missed it 

The Federal Government revealed why President Buhari terminated the appointment of the outgoing Inspector General of Police (IGP), Muhammad Adamu, before the expiration of the 3-months extension, saying the ex-IGP’s tenure was terminated following the completion of the selection process for a new Inspector General of Police.

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Appointments

FSDH appoints FCMB Director, Bukola Smith as new Managing Director and CEO

FCMB appoints FCMB Executive Director, as new Managing Director and CEO, to replace Hamda Ambah.

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Bukola Smith, the Executive Director, Business Development, in First City Monument Bank Limited has been appointed by FSDH Merchant Bank as the new Managing Director and Chief Executive Officer of the Lagos based financial institution.

This information was revealed in a recent post made by Smith, the new MD/CEO of the bank via her official LinkedIn account.

Her appointment will take full effect in mid-April, 2021, as she moves to take over from Hamda Ambah who will retire from the bank with effect from April 27th, 2021, after 28 years of service to the company, including four years and three months as the Managing Director of the Merchant Bank.

Smith is expected to take on the full responsibility of leading FSDH Merchant Bank to greater heights of global success, building on the impressive work Ambah has done in the last four years and three months as the Managing Director of the Merchant Bank.

What they are saying

Commenting on her appointment, Bukola Smith said:

“Super excited to announce my appointment as the new MD/CEO of FSDH Merchant Bank from mid-April, 2021. Thus, bringing an end to 14 beautiful and impactful years at FCMB.”

Special thanks go to all my friends and colleagues, who made my time at FCMB an amazing experience.

It is a privilege to take over from a Super Mentor, Hamda Ambah who has done a great job in steering the ship over the years.”

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About Smith

Bukola Smith holds a Bachelor’s Degree in Economics from the University of Lagos, and also holds an MBA from Manchester Business School, University of Manchester, United Kingdom.

Smith was appointed Executive Director, Business Development at First City Monument Bank (FCMB) in 2017, and prior to this, she was the Regional Head, Lagos Region of the Bank.

She has occupied several key positions in FCMB as the Group Head Treasury and Financial Institutions; Divisional Head, Investment Banking and Financial Markets; Director Project and Structured Finance; and Divisional Head, Group Internal Audit, since she joined the bank in 2006.

As the Executive Director in charge of Business Development in FCMB, the bank’s Small and Micro business-focused team moved up to the first position in 2019, to emerge as the best SME supporter in the country – according to a KPMG Customer Service Report 2020.

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