Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) and the investing public of the appointment of Mrs Amaka Onwughalu as the new Board Chairman. The appointment is in line with the Company’s succession plan as Mr. Mustafa Chike-Obi completes his tenure as Board Chairman.
Mrs. Amaka Onwughalu joined the Board on December 17, 2020. Prior to her appointment as Board Chairman, she served as Chairman of the Board Credit Committee and Board Committee on Bank Capitalisation and Member of the Board Finance and General-Purpose Committee; Board Remuneration Nomination and Governance Committee; and Board Risk Management Committee, which she also previously chaired.
Mrs. Amaka Onwughalu has over 30 years’ banking experience including over 10 years in Executive Management in various financial institutions, with proven expertise across diverse segments including Commercial Banking, Retail Banking, Treasury Management, Banking Operations and Corporate Banking. She served in executive management positions in different institutions and was the former Group Managing Director of legacy Mainstreet Bank Limited where she led the successful execution of a seamless integration of the bank with Skye Bank Plc where she served as Deputy Managing Director until her retirement in July 2016.
She is currently the Chief Executive Officer of Blueshield Financial Services Limited and holds a BSc Degree in Economics from the University of Buckingham, an MSc Degree in Corporate Governance from Leeds Metropolitan University, United Kingdom and an MBA from the University of Port Harcourt, Nigeria.
She has attended leadership, executive and business development programmes on diverse subjects at worldclass institutions including the Executive Business School, INSEAD, France; IMD Business School, Lausanne, Switzerland; Judge Business School, University of Cambridge; Columbia Business School, USA; Institute of Directors, Nigeria; Stanford Graduate School of Business School, USA and Harvard Kennedy School, USA.
She is a Senior Fellow of the Institute of Internal Auditors of Nigeria; Fellow of the Institute of Credit Administration (ICA), Chartered Institute of Bankers of Nigeria (CIBN) and Institute of Directors (IoD); and Member of the Nigeria Institute of Management (NIM).