Fidelity Bank Announces Changes on Its Board

By Paul Mbagwu

Fidelity Bank Plc has announced the change to the membership of its board of directors with the retirement of a Non-Executive Director, Mr. Robert Nnana-Kalu, upon completion of his tenure in line with the Bank’s policy on September 4, 2018, and that Mr. Chidozie Bethram Agbapu, was appointed as Non-Executive Director of the Bank with effect from September 3, 2018.

Chidozie Agbapu holds a B.Sc. in Economics from the University of Nigeria, Nsukka and a Masters in Banking and Finance from the University of Lagos.

He is an alumnus of the Lagos Business School (Advanced Management Program, AMP 14, 2000). He is a fellow of the Chartered Institute of Stockbrokers and has extensive experience in capital market operations spanning over thirty years.

He has served as Chief Dealer/Analyst in various capital market firms including Equator Finance & Securities Limited and Prominent Securities Limited.

He is currently the CO-CEO/Managing Director of Planet Capital Limited, a product of a Merger between Strategy & Arbitrage Limited and Emerging Capital Limited, both being members of The Nigerian Stock Exchange.

Mr. Agbapu was a Founding Partner/Managing Director of Emerging Capital Limited from 2004 to 2010.

Mr. Agbapu currently serves on the Boards of various companies including Coral Properties Limited (a subsidiary of the Nigerian Stock Exchange), MTI Nigeria Plc and MTI Limited, Accra, Ghana.

He served as a Director of Bendel Feeds and Flour Mills Limited and Central Securities Clearing System (CSCS) Limited
for seven (7) years and is currently a Member of the National Council of The Nigerian Stock Exchange, where he also serves on the Disciplinary, Audit & Risk and Rules & Adjudication Committees.

He has attended several courses on Governance, Leadership and Strategy at Wharton School of Pennsylvania and Stock Exchanges of Thailand, New York and Kuwait. Until his appointment as a Non-Executive Director of the Bank, Mr. Chidozie Agbapu was the Chairman of the Statutory Audit Committee of Fidelity Bank Plc.

His appointment to the Board was approved by the Central Bank of Nigeria on September 3, 2018.