Wole Olajide
Nnamdi Okonkwo is a highly experienced leader with diversified experience in banking spanning over two decades. He is the Managing Director/CEO of Fidelity Bank Plc.
Prior to his appointment as the MD/CEO he was the Executive Director in charge of South Directorate of the bank. He holds a B.Sc in Agricultural Economics from the University of Benin and an MBA, Banking and Finance from Enugu State University. He is also a graduate of the Advanced Management Programme (AMP) of INSEAD and has also attended other senior-level programmes at world renowned institutions. Before joining Fidelity, Okonkwo was the Head of the Corporate Banking Directorate in (UBA) and had at various times been the MD&CEO of UBA, Ghana and the Regional Chief Executive Officer of all UBA Subsidiaries in Ghana, Liberia and Sierra Leone and comes with over 25 years experience in various areas of banking.
Fidelity is a full-fledged commercial bank operating in Nigeria with over 3.8 million customers who are serviced across its 240 offices and various digital banking channels. The Bank is focused on select niche corporate banking sectors, Small and Medium Enterprises (SMEs) and is rapidly implementing a digital based retail banking strategy which has resulted in the following over the last three and half years; a 93 percent growth in savings deposits, 50 percent customer enrollment on debit cards and 30 percent of its customers now using its flagship mobile/internet banking products.
Under Okonkwo’s watch, Fidelity Bank recently championed a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data (USSD) channel (*770#).
The solution, which is first of its kind in the industry is in response to some of the challenges faced by millions of customers when making their tax payments and remittance and the need for all tiers of government to provide convenient sources of revenue collection.