The board of directors of Fidelity Bank Plc on Wednesday announced the appointment of two new executive directors as part of efforts aimed at restructuring and strengthening its executive management team to enhance its capacity to convert emerging business opportunities.
In a statement, Managing Director and Chief Executive Officer of the bank, Nnamdi Okonkwo, said the new appointments are part of the bank’s strategies to support strong growth plans and capacity building efforts. He expressed confidence that the new directors will bring on board their wealth of experience to strengthen and reposition the bank for improved performance and new customer experience.
The new executive directors whose appointments took effect from September 3, 2015 are Adeyeye Olawale Adepegba, executive director, corporate banking and Nneka Chinwe Onyali-Ekpe, executive director, Lagos and South West bank.
Adeyeye Adepegba holds a Masters of Business Administration (MBA) degree from Lancaster University Management School, Lancaster University, United Kingdom (Merit), a Masters degree in Industrial & Labour Relations (MILR) as well as a Bachelor’s degree in History from the University of Ibadan, Nigeria.
Prior to his appointment, Adeyeye was the General Manager/Group Head, Power & infrastructure, Corporate Banking Division at the bank. Some of the transactions he effectively executed include, origination and consummation of the $25.5 million non-recourse Project Finance 12.5 MW Independent Power Plant for the Lagos State Water Corporation; origination and risk assessment of the $151 million 120-kilometre Gas Pipelines Infrastructure by Gasland Nigeria Limited, operators of the VI, Lekki , Epe Gas distribution concession by NNPC (PPP) etc.
A banker with 26 years post qualification experience in business origination, Adepegba will bring to bear his strong leadership, organisational and relationship management skills to meet the long-term goals and objectives of the bank. He takes over from John Obi who reached the bank’s policy retirement age of 55 years and retired at the end of July 31, 2015.
Nneka Onyeali-Ikpe has extensive industry experience in Retail/Commercial Treasury and Corporate Banking spanning over 24 years, having at various times, held middle, senior and executive management positions. Prior to her appointment, Nneka was an Executive Director at Enterprise Bank where she successfully set up the Retail Banking Group using the segmentation framework with a Risk Asset portfolio in excess of N5 billion within one year.
Recognising the importance of Small Medium Enterprises in the country’s economic growth equation, Onyeali-Ikpe successfully established the SME Group for Enterprise Bank with a Risk Asset portfolio in excess of N45 billion within a year and half using carefully designed product papers tailored towards specific target segments.
Nneka who holds Bachelors of Law (LLB) and Masters of Law (LLM) degrees from the University of Nigeria and Kings College, London, respectively, takes over from Ikemuefuna Mbagwu.