Fidelity Bank Plc has named Amaka Onwughalu as its new Chairman, taking over from Mustafa Chike‑Obi, whose tenure ended on December 31, 2025, the bank announced in a statement. According to Premium Times and Guardian Nigeria, Onwughalu assumed the role on January 1, 2026, marking a planned and seamless leadership transition.
Chike‑Obi’s tenure was marked by significant milestones, including successful Eurobond repayments, oversubscribed public offers and rights issues, international expansion, and improved credit ratings, the bank highlighted in its disclosure to the Nigerian Exchange Group. Business analysts noted these achievements reinforced investor confidence and strengthened the bank’s market position.
Onwughalu, who joined Fidelity Bank’s board in December 2020 and has chaired several key committees, brings over three decades of banking experience in both executive and non-executive roles, including positions at Mainstreet Bank Limited and Skye Bank Plc. According to the bank’s statement, she also leads Blueshield Financial Services and holds advanced degrees in economics, corporate governance, and business administration.
The bank confirmed the leadership change has been communicated to the Central Bank of Nigeria and other regulators. Market observers said Onwughalu’s appointment ensures continuity and is expected to drive Fidelity Bank’s long-term strategic goals.
Image credit: businesstimes.com.ng
