On Tuesday Oct. 22, the Board of Directors of Fidelity Bank Plc, announced Nnamdi Okonkwo as successor to Reginald Ihejiahi, who will serve out his 10-year maximum term as Managing Director and Chief Executive Officer of the financial institution by February, next year.

Okonkwo, who is currently an Executive Director in charge of the South Directorate of the Bank holds a Bachelor of Science degree in Agriculture Economics from the University of Benin and an MBA in Banking and Finance from Enugu State University.

He is also a graduate of the Advanced Management Programme of INSEAD Business School, Fontainebleau, France.  Besides, he has attended various business and management training courses both within and outside the country, at institutions like Harvard Business School, Oxford University among others.

Okonkwo is the third Chief Executive Officer of Fidelity Bank after 25 years of operation, making the financial institution one of the most stable management in the industry.

Following the policy of the Central Bank of Nigeria, which stipulated a maximum term of 10 years for bank CEOs, Ihejiahi, who assumed duties in early 2004, will have served out his term in February 2014.


Upon confirmation by the regulators, Mr. Okonkwo’s appointment will take effect from February 2014.