Fidelity Bank’s MD/CEO Designate purchases 5 million shares

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Fidelity Bank Nigeria Plc has announced that its Managing Director/CEO Designate, Mrs. Nneka Onyeali-Ikpe has increased her stake in the business via the purchase of 5 million units of the Bank’s shares worth approximately N12.8 million.

Fidelity Bank’s MD/CEO purchases 5 million shares
Fidelity Bank Nigeria Plc | Managing Director/CEO Designate, Mrs. Nneka Onyeali-Ikpe | www.brandspurng.com

Further Breakdown

In a disclosure, signed by the Bank’s Secretary, Ezinwa Unuigboje, the transaction occurred in five tranches with an average share price of N2.56 per unit.

  1. N2.52 – 260,190
  2. N2.55 – 400,000
  3. N2.58 – 130,000
  4. N2.60 – 2,870,000
  5. N2.56 – 1,339,810

Nneka Onyeali-Ikpe was appointed the Executive Director, Commercial and Consumer Banking – Lagos and South Directorate in July 2015. She is responsible for the Commercial, SME, Consumer and Public Sector businesses of Fidelity Bank in the South West Regions of Nigeria comprising 6 states including Lagos State.

In July 2020, she has appointed the Managing Director/Chief Executive Director to designate of Fidelity Bank, effective January 1, 2021.

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Prior to her appointment to the Board of Fidelity Bank, she worked in major financial institutions where she held several managerial and leadership positions including Standard Chartered Bank, Zenith Bank and Citizens International Bank.

Nneka attended Kings College London, holds a Bachelor of Laws (LL.B Hons) degree and a Master of Laws (LLM). She has attended several leadership and executive management training in leading institutions including London Business School, Wharton Business School, and Institute of Management Development.

Read Also:  Six Containers Of ‘Poisonous’ Tomato Paste From Iran Arrive Nigerian Ports

Fidelity Bank’s MD/CEO purchases 5 million shares
SOURCE: NSE

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