A statement from Fidelity Bank Plc announced the appointment Amaka Onwughalu as Chairman of its Board of Directors, at beginning on January 1, 2026. The latter succeeds Mustafa Chike-Obi, whose term ended on December 31, 2025.

A press release published on Thursday, January 1 2026 indicates that the transition of the board of directors is in accordance with its governance policy and has been duly communicated to the Central Bank of Nigeria (CBN), to the Nigerian Exchange Group (NGX) and other relevant stakeholders.

This release states that Chike-Obi's warrant has was marked by several key milestones, including the successful repayment of the bank's eurobond, the completion of a public offer oversubscribed and rights issuance exercises, expansion in the United Kingdom and improving credit agency ratings.

Indeed, under the direction of by Mustafa Chike-Obi, the bank said that its financial situation had deteriorated strengthened, that its deposits and assets had increased so significant, that its digital banking capabilities had been improved and that its corporate governance had improved, so many elements that have contributed to increased market confidence and sustained growth.