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Nneka Onyeali-Ikpe: Undisputed Amazon of Banking

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By Eric Elezuo

The reward for hardwork has always been hardwork, and so it was when the Fidelity Bank group rewarded its indefatigable Group Managing Director and Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, with an extension of her employment contract. No doubt, Mrs Onyeali-Ikpe, reputed as a solid amazon in the finance sector, and a go-getter, has seen and conquered the banking arena, and is honoured among veterans as a solid foundation in Nigeria’s money business.

Born on July 28, 1964, and on the verge of hitting the diamond age, Nneka, as beloved and close family members, friends and colleagues fondly call her, is a force to reckon with, and has in a space of 32 years and counting, of career banking, brought to bear all the stops that make for great banking and financial experience, climbing to the topmost echelon of investment banking and related areas.

It was not surprising therefore that Fidelity Bank Plc has announced its decision after a thorough Board of Directors’ meeting to extend the employment contract of the ebullient achiever from 2024 to 2026.

The announcement, which was taken on February 12, 2024, and contained in the company’s notice to the Nigerian Exchange Limited (NGX), and signed by Ezinwa Unuigboje, the Company Secretary noted that the extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since the assumption of office on January 1, 2021.

The statement reads:

“Fidelity Bank Plc (the Bank) is pleased to announce its Board of Directors’ decision to extend the employment contract of its GMD/CEO, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026.

“The decision was taken at the Board meeting on February 12, 2024. The extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since assumption of office on January 1, 2021,”

The Board noted, and without equivocation,  that it is confident that the Bank’s performance will continue its upward trajectory under Dr. Nneka Onyeali-Ikpe’s leadership, and looks forward to working closely with her and the Executive Management Team on execution of various strategic initiatives including international expansion.

The banking guru, who was born in Awka, Anambra State, Nigeria, also lived in Owerri, Imo State, where she studied at the Federal Government Girls’ College. After her successful stint at FGC, she was admitted into the premier school, University of Nigeria, Nsukka, where she obtained a degree in Law before attending the prestigious King’s College, London, for a Masters Degree also in Law.

Before attaining the enviable GMD with Fidelity Bank, Onyeali-Ikpe had out of dint of hardwork, paid her dues from lesser positions.

She began her career in 1990, when she was employed as a legal officer for the now-defunct African Continental Bank. She later worked as a treasury officer for the First African Trust Bank, and thereafter joined Zenith Bank, and subsequently the Standard Chartered Bank. Her experience in the course of her sojourn are combined to make her a toast of the banking industry today.

Having cut her teeth, and garnered a lot of experience and good, she was in 2011, absorbed by Enterprise Bank as an Executive director of the bank’s operations in Lagos and other locations in the South-Western region in Nigeria. She wasted no time in turning around the fortunes of the bank.

In January, 2015, Onyeali-Ikpe joined Fidelity Bank as an Executive Director, and rose through the ranks until she was announced the Managing Director in December, 2020. Following her appointment, Nneka became the first female MD/CEO in the history of the bank.

Presently, Dr Nneka Onyeali-Ikpe, with the national honour of Officer of the Order of the Niger (OON) is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc, a foremost financial institution with a client base of about nine million customers.

Apart from her Law degrees, from the prestigious University of Nigeria, Nsukka and Kings College, Onyeali-Ikpe has also attended executive training programs at Harvard Business School, The Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.

It is worthy of note that she recently completed a Diploma programme in Organizational Leadership at Said Business School, Oxford University, UK and received an honorary doctorate degree in Business Administration at the University of Nigeria, Nsukka (UNN). She is also the recipient of the national award of the Officer of the Order of the Niger (OON) which was awarded to her by the Federal Government of Nigeria in 2023.

With close to 34 years of rewarding banking experience through Enterprise Bank, Citizens International Bank, Zenith Bank and Standard Chartered Bank among others, the woman is surely a force to reckon with.

A woman of many parts, Onyeali-Ikpe has also been involved in the structuring of complex transactions in Oil and Gas, Manufacturing, Aviation, Real Estate and Export among many others.

She is, without an iota of doubt, widely regarded as one of Africa’s leading female CEOs with a reputation for authentic leadership and proven people skills in identifying talents, opportunities and executing complex business deals. She has extensive business development experience with proficiency in retail, corporate and commercial banking and treasury management among others.

LANDMARK ACHIEVEMENTS IN FIDELITY BANK

Under Nneka’s watch, the Bank grew its PBT from N25.22bn in FY 2021 to N122bn in FY 2023. Nneka has now set her horizon on leveraging the opportunities in select high growth international markets where the Bank has a competitive advantage. She most recently guided the bank to obtain the approval of the Central Bank of Nigeria to expand its operations to the United Kingdom with the acquisition of the former Union Bank UK, now Fidelity Bank UK Limited.

Passionate about innovation and embracing technology, Nneka has pioneered several innovative and pacesetting products such as the PayGate Plus, an online platform that enables businesses make and receive payments.

Dr. Onyeali-Ikpe has also radically repositioned the bank as the go-to financial institution for Small and Medium Enterprises. Understanding the crucial role of small businesses in the sustenance of economic growth and development, she led the bank to create the Fidelity International Trade & Creative Connect (FITCC) which is aimed at providing a global platform for exporters, regulators, subject matter experts and foreign markets to connect.

The FITCC 2022 edition was attended by representatives of both the UK & the Nigerian Governments, Nigerian exporters, investors, regulators from the United Kingdom and Nigeria, the business community and other practitioners. The pipeline deals from the event was in excess of $200m. Over 2,000 people registered to attend the event and daily foot-fall was about 1,000.

The second edition of FITCC, which was hosted in Houston, Texas, United States of America in October 2023, was even bigger with projected pipeline deals of over $250m and more than 160 businesses in participation. Tagged, FITCC Houston, the success of the event is signposted by the designation of 25 October 2023 as the “Fidelity International Trade and Creative Connect Day” by Mr. Sylvester Turner, Mayor of Houston.

HER CORPORATE SOCIAL RESPONSIBILITY EFFORTS

In her bid to give back to the communities the Bank serves and as part of her efforts to combat the twin issues of poverty and hunger, Dr. Onyeali-Ikpe recently launched a National Corporate Social Responsibility initiative tagged The Fidelity Food Bank which provides free food bags to people across Nigeria monthly.

In recognition of her leadership and outstanding performance, she received commendation from AMCON as a member of the Management Team that restructured and turned around the fortunes of the erstwhile Enterprise Bank. She also received several board commendations from the Managing Directors of Standard Chartered Bank and Citizens International Bank for outstanding performance at various times.

FIDELITY AWARDS UNDER ONYEALI-IKPE’S WATCH

With Onyeali-Ikpe as the Chief Executive Officer, Fidelity Bank has been the recipient of several awards within and outside Nigeria some of which are:

1. Best Commercial Banking Brand in Nigeria by the Global Brands Magazine Awards

2. Best Private Bank in Nigeria by The Financial Times in association with The Banker Magazine

3. Trade Ambassador Award by the Nigerian-American Chamber of Commerce (NACC)

4. Global Finance’s World’s Best Private Banks 2023 awards for Best Private Bank in Nigeria

5. The Best Payment Solution Provider Nigeria 2023 in the 2023 Global Banking & Finance Awards

6. Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’ (BAFI) Awards 2023.

7. The “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

PERSONAL RECOGNITIONS AND AWARDS

On her own part, Dr. Onyeali-Ikpe has been recognized by numerous local and international bodies for her sterling achievements. These include:

1. The national award of the Officer of the Order of the Niger (OON) by the Federal Government of Nigeria in 2023.

2. The Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards and

3. The Best Banking CEO Nigeria 2023 in the 2023 Global Banking & Finance Awards.

4. 2023 Top 25 CEOs in Nigeria at the BusinessDay Awards

5. The Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022.

Considering her versatility, industry knowledge and vast network, she also serves on the following Committees and organizations:

1. Chairperson, Financial Literacy and Public Enlightenment Sub-Committee of the CBN Bankers Committee.
2. Chairperson, Funds and Grants Committee of the Chartered Institute of Bankers of Nigeria
3. Member, Audit Committee of FMDQ Group PLC
4. Member of the Board, Shared Agent Network Expansion Facilities (SANEF)
5. Member of the Board, Unified Payment Services Limited

PERSONAL LIFE

Onyeali-Ikpe is married to Dr. Ken Onyeali Ikpe, PhD, a visionary leader with strong business acumen and respected for his demonstrated knowledge in Marketing, Branding and Consumer Consulting and Business acceleration.

She is a celebrated wife and mother, who has combined home duties with professional endeavours with allowing any to suffer.

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Personality in Focus

Olubadan of Ibadanland, Oba Olakulehin, Dies at 90

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The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has died. He was aged 90.

Oba Olakulehin, who ascended the throne in July 2024, died in the early hours of Monday, July 7, 2025, after spending a year on the throne, and two days after his 90th birthday

Oba Olakulehin received the staff of office from Oyo State Governor Engr. Seyi Makinde, on July 12, 2024, as the 43rd Olubadan of Ibadanland.

Oba Olakulehin ascended the throne from the chieftancy rung of Balogun Olubadan, following the demise of Oba (Dr.) Moshood Lekan Balogun, Alli Okunmade II, who died at the age of 81 years on March 14, 2024.

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Personality in Focus

Things Fall Apart Festival 2025: Chimamanda Adichie Calls for Igbo Unity, Honoured by ATPN

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Global literary icon, Chimamanda Ngozi Adichie, has been inducted as an Honorary Fellow of theAssociation of Tourism Practitioners of Nigeria (ATPN), in recognition of her remarkable contributions to promoting Nigeria’s cultural identity through literature. Her works, which have earned worldwide acclaim, continue to project Nigerian—and particularly Igbo—culture on the global stage.

The honorary induction took place during the Things Fall Apart Festival (TFA) 2025, held in Enugu and organized by the Centre for Memories – Ncheta Ndigbo, with endorsement from the National Council for Arts and Culture (NCAC) and the ATPN, and in partnership with iTour Africa. The festival is a celebration of the legacy of Chinua Achebe’s timeless novel, Things Fall Apart.

Adichie, who chaired the festival, delivered a stirring address that emphasized the urgent need for unity and cultural pride among the Igbo people. Also present at the event were several dignitaries including Sir Ike Chioke, Managing Director of Afrinvest; Sir Emeka Mba, former DG of the Nigerian Broadcasting Commission and founder of Afia TV; and celebrated actor Chief Nkem Owoh (Osuofia).

Speaking on behalf of ATPN National President Omo-Oba Adetunji Femi Fadina, the association’s Deputy President II, Wilson Uche Ugwu, emphasized the vital role of cultural identity in tourism development. He urged Nigerians—especially the Igbo—to take pride in their heritage and support initiatives that preserve and promote indigenous culture. Ugwu also reaffirmed ATPN’s commitment to professionalism among tourism practitioners and the need to avoid distorting Nigeria’s rich history and traditions.

In her keynote speech, Chimamanda Adichie made a powerful call for internal reflection and unity within the Igbo community:

“Ndigbo k’anyi tetalu n’ura. Let us wake up. Ife emebigo n’ala Igbo. Things have fallen apart in Igbo land,” she said. “We often speak of political marginalisation, and indeed any honest assessment of post-war Nigerian history acknowledges that. But before we can truly challenge external forces, we must first ‘clean house.’ We are giving those who want to marginalise us even more reasons to justify their actions.”

She stressed that unity does not mean uniformity but a conscious choice to collaborate for a greater goal despite differences.

“If all governors and senators from the Igbo-speaking states come together and set aside party affiliations, it would bestow a significant bargaining power to influence policies beneficial to the region.”

Adichie also delved into the erosion of Igbo language and identity, lamenting the decline of Igbo literature and the increasing pride in raising children who do not speak their native tongue.

“Languages are beautiful, and the more languages a child can speak, the better. But what’s happening in Igbo land is not about the ability to learn languages—it is about the lack of value for what is ours. Even our naming culture is eroding. We now give names not for their meaning, but for how ‘Western’ they sound.”

She drew parallels with the Germanic tribes, who despite having multiple dialects, united to form a modern German state. In contrast, she warned that internal divisions within Igbo society, often rooted in political rather than cultural identities, are weakening the community.

“Igbo is Igbo. Nobody is more Igbo than another. The distinctions we make today—‘Anambra Igbo,’ ‘Delta Igbo’—are political, not cultural. Our strength lies in our unity.”

The Things Fall Apart Festival 2025 served not only as a celebration of Achebe’s literary genius but also as a rallying point for cultural rebirth and communal introspection. It was a fitting occasion to honour Chimamanda Adichie, a torchbearer of African storytelling and cultural preservation.

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Personality in Focus

Popular Televangelist, Jimmy Swaggart Dies at 90

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Famous American televangelist, Jimmy Swaggart, has died at the age of 90.

Jimmy Swaggart’s death was announced on his Facebook page on Tuesday.

He reportedly died two weeks after suffering a cardiac arrest at his Louisiana home on June 15 2025.

The once most recognized Pentecostal preacher in the United States, was brought down in the late 1980s by sex scandals.

The pastor of the Family Worship Center in Baton Rouge, was reportedly caught on camera in 1988 with a prostitute in New Orleans.

Jimmy Swaggart was embroiled in a prostitution controversy in 1988 after he accused Marvin Gorman, his fellow preacher, of infidelity.

In retaliation, Gorman hired a private investigator who caught Swaggart with a prostitute.

The development triggered a national scandal, prompting him to temporarily step down from preaching.

Addressing the incident during a tearful sermon in 1988, Jimmy Swaggart apologized to his parishioners.

“I have sinned against you. I beg you to forgive me”, he said.

After the scandal, he, however, continued preaching for decades, but with a reduced audience.

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