The Executive Director, North, of Fidelity Bank Plc, Mohammed Lawal Balarabe, has been appointed as the acting Managing Director/Chief Executive Officer of the bank.
This followed the absence of Fidelity Bank MD, Nnamdi Okonkwo, who is currently in the custody of the Economic and Financial Crime Commission, EFCC, over an alleged collection of about $115 million from former Minister of Petroleum, Diezani Alison-Madueke for the prosecution of the 2015 general elections.
The appointment of Balarabe was announced by the Board of Directors of Fidelity Bank Plc via a statement on Tuesday.
It was also disclosed in the statement that Balarabe’s appointment is with immediate effect, but subject to regulatory approval.
Fidelity Bank, in the statement, reassured all its stakeholders including over 400,000 shareholders of its continued seamless services.
