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Pace setting Fidelity Bank MD, Nneka Onyeali-Ikpe clocks 60
There is tremendous excitement in the air as the first female Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe clocked 60 years on Sunday July 28, given her outstanding performance in the nation’s financial services sector that had earned her respect amongst banks’ top CEOs.
Besides leading the bank to close the 2023 financial year with strong double-digit growth across key income and balance-sheet lines with profit before tax growing by 131.5% to N124.3bn from N53.7bn in 2022FY, leading to an increase in Return on Average Equity (RoAE) of 26.5% from 15.6% in 2022FY, her proactive efforts also manifested when the bank opened its N127.10bn rights issue and public offer in June, becoming the first bank to go public following the recapitalisation directive of the Central Bank of Nigeria issued in March.
This wasn’t surprising to many industry watchers, as the virtuous woman and Champion Newspapers’ 2022 Banker of the Year, has consistently advocated that “women must work hard, invest in their personal development, constantly up-skill and gain deep knowledge of their industry, for them to break the ice in their careers” adding however that it is “extremely important that we create enabling environments for women to thrive and maximise their full potential.
At the public offer and rights issue facts behind the combined offer presentation at the Nigerian Exchange Limited, she explained that the financial institution’s N127.10bn capital raising was to be considered as a pacesetter in the life of the banking industry capitalisation drive, revealing that Fidelity Bank has already started the process of raising additional capital ahead of CBN’s directive, “requiring the banks to raise a minimum capital base of N200bn for national banks and N500bn for banks with international operations like ours, amongst other capital requirements”.
Though the full report on the outcome of the bank’s public offer of 10 billion ordinary shares of 50 kobo each at N9.75 per share and rights issue of 3.2 billion ordinary shares of 50 kobo each at N9.25 per share has not been fully made public, industry experts earlier predicted a highly successful exercise given the financial institution’s recent strong financial performance and with a client base of over 8 million customers.
Born in Anambra state on July 28, 1964, Nneka joined Fidelity Bank as an Executive Director in 2015 and was appointed Managing Director/CEO of the Bank in January 2021.
According to her citation, she is an alumnus of the prestigious University of Nigeria, Nsukka and Kings College, London where she holds a Bachelor of Law and Masters of Law respectively and 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.
And with over 33 years of experience in investment banking, wealth management, Treasury Management, retail banking and corporate banking among others, Nneka is widely regarded as one of Africa’s leading CEOs with a reputation for “identifying talents, opportunities and executing complex business deals”.
For instance under her leadership, Fidelity Bank has been adjudged by many industry leading experts as the fastest growing bank in Nigeria while her deep understanding of complex businesses and markets has enabled the bank undertake large ticket transactions in financial advisory, structured and project finance in the real sectors as well as take advantage of opportunities in select high growth international markets where the Bank has a competitive advantage.
Significantly, she guided the bank to obtain the approval of the Central Bank of Nigeria, CBN, to expand its operations to the United Kingdom that culminated in Fidelity Bank’s acquisition of the 100 per cent equity in Union Bank UK, a subsidiary of the Union Bank of Nigeria.
Very passionate about innovation and embracing technology, Nneka towering achievements include her pioneering role in several innovative and pacesetting products such as the PayGate Plus, an online platform that enables businesses make and receive payments.
Married to Dr. Ken Onyeali-Ikpe, the workaholic has also radically repositioned the bank as the “go-to financial institution for Small and Medium Enterprises”.
Furthermore, apparently understanding the critical 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 touchpoint for exporters, regulators, subject matter experts and the market.
According to the records, 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 $200million. Also, over 2,000 people registered to attend the event and daily foot-fall was about 1,000.
Similarly, recall that second edition of the FITCC, held in Houston, Texas in the United States of America took place from the 24th to 25th of October, 2023 at the plush George R. Brown Convention Center, 1001 Avenida de las Americas. It was well attended too.
But 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, Mrs Onyeali-Ikpe launched a National Corporate Social Responsibility initiative tagged The Fidelity Food Bank which provides free food bags to people across Nigeria on a monthly basis.
A winner of several international and national awards including Officer of the Order of the Niger, OON, Nneka has been recognized by several local and international bodies for her giant strides and such high profile recognitions include: “The Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards; The Best Banking CEO Nigeria 2023 in the 2023 Global Banking & Finance Awards as well as Champion Newspapers’ 2022 Banker of the Year.
No doubt her impactful leadership and outstanding performance as CEO, had resulted in the bank bagging several laurels within and outside Nigeria some of which are: “Best Commercial Banking Brand in Nigeria by the Global Brands Magazine Awards; Best Private Bank in Nigeria by The Financial Times in association with The Banker Magazine; Global Finance’s World’s Best Private Banks 2023 awards for Best Private Bank in Nigeria and The Best Payment Solution Provider Nigeria 2023 in the 2023 Global Banking & Finance Awards amongst others.
Happy birthday to a pacesetter and accomplished banker.
Culled from Champion Newspaper Website
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Kwara Monarch Kidnap: Primate Ayodele Warned But They Didn’t Listen
Oba Salman Aweda, his wife and another resident have been kidnapped emidnight invasion of Olayinka community in Ifelodun Local Government Area of Kwara State.He was recently elevated by the state government.The heavily armed gang stormed the palace of at about 1:40 a.m. on Saturday, firing sporadically to scare residents before taking him and two others to an unknown destination.This is the noise we have been making regarding how they treat the prophecy of Nigerian prophet, Primate Elijah Ayodele of INRI Evangelical Spiritual Church.Before now, people used to say Primate Ayodele talks about politics alone but at the moment, his prophecies about insecurity in the country has been top notch; nobody comes close if we are to rank it but it is alarming that people who are supposed to secure people have turned deaf ears.This has repeated itself several times and it seems the time has come for us to ask questions; do our security operatives enjoy hearing the death and kidnap of innocent Nigerians let alone prominent individuals?Before the recent attacks on military base, an ondo monarch, bomb attacks in Borno, attack on church on Easter Sunday, Primate Ayodele specifically warned the security operatives and the government about the impending attacks but they never listened. Now, few weeks ago, Primate Ayodele revealed that next target of terrorist in Nigeria and stated that they are planning to attack some traditional rulers. He even went as far as revealing the states where the attacks would be carried out.These were his words:“Terrorists will start kidnapping traditional rulers in some states that include Kebbi, Niger, Zamfara, Kano, Kogi (Lokoja axis), Ondo, Kwara, Akwa Ibom, Ebonyi and Yobe, with concerns that the threat could also extend to the Federal Capital Territory, Abuja.”The happening in Kwara state has fulfilled this prophetic warning. Obviously our security operatives didn’t do anything about it. Now, how long do we continue like this?
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How Tinubu’s Government Is Suffering For Ignoring Primate Ayodele’s Early Prophecies On Insecurity
After swearing-in on May 29, 2023, President Bola Ahmed Tinubu received goodwill messages from renowned men of God, with many prophesying that his administration would be better, especially in terms of security.
Many of these messages were based on the earlier promise of the All Progressive Congress that the Vice President, Kashim Shettima, would tackle insecurity adequately for the country.
However, in the midst of these praises and goodwill messages, renowned prophet, Primate Elijah Ayodele, who is known for always revealing the future of any new administration, spoke in a prophetic message that went viral, that insecurity will be used as a great tool against Tinubu’s administration.
The prophet had been talking about another APC government since 2022, noting that Nigerians will face several economic hardships, and he was detested by the ruling party and its supporters because of this. They saw him as an opposition party when they were supposed to listen to his prophetic warnings. However, it happened; the major indices of the economy are energy and currency. The exchange rate and price of petrol have never been so much like it has been for the past three years now.
The prophet warned repeatedly that insecurity and the economy would be the major issues President Tinubu would face in his administration, but did they listen? Absolutely not, because if they did, some of the issues being faced in the country would have disappeared.
Beyond his statement before the election, Primate Ayodele continued to warn the government against insecurity, even as far as warning against an impending coup. The prophet had revealed that some powerful Nigerians are angry with the president and have planned to remove him unconstitutionally. Of course, they never believed this till it happened. If not for the prophetic security alert issued by the prophet, the president may have been removed when the coup came to light.
These were his warnings regarding the coup:
“There will be an attempt to unseat Tinubu unconstitutionally; the NSA, DSS, and Chief of Army Staff must be careful about this. There are some gangs planning between November to January to unseat him.”
Thankfully, they were arrested, and some of them have been detained.
More recently, there were attacks on some states on Easter Sunday, leading to the death of some Christians. This happened as a result of obstinacy on the part of security operatives because just days before it, Primate Ayodele specifically warned that some states would be attacked from Easter Sunday, and it did happen, with security operatives having nothing to do to stop the incident.
These were Primate Ayodele’s warnings.
“Our security operatives must watch Easter Sunday well because plans have been concluded to carry out attacks in seven states starting from that day.
“The states to watch out for include Kogi, Kwara, Ondo, Ogun, Nasarawa, Kebbi, and Kaduna.
“The security operatives must be extra vigilant in these states starting from Easter Sunday.”
Yesterday, there was an internal memo released by the Nigerian Customs Service that Boko Haram are planning to attack some prisons and airports in the country.
This corroborated the prophetic warning of Primate Ayodele, which he shared some weeks ago, regarding some prisons, specifically mentioning Kuje prison.
These were his words:
“Break jail is imminent, Kuje prison or they send a bomb into Kuje prison, it’s a midnight work…..”
Meanwhile, Primate Ayodele had warned that there are people sponsoring insecurity in President Tinubu’s government. He also urged him to name some of them in order to curb it, but this has yet to be done.
President Tinubu’s government would have been one of the best, but insecurity has tarnished it greatly, and the country is gradually returning to the days of daily killings; even Nigerian high-ranking soldiers are not spared. This insecurity has given the administration a bad record internationally, with the US naming Nigeria as a Country of Particular Concern (CPC).
If the president had listened, Nigerians, and even the government, wouldn’t have suffered this much. However, it’s not too late for them to turn a new leaf.
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Building Systems that outlive Founders – Bidemi Oke
There is a quiet misconception in many growing companies that vision alone is enough to sustain momentum. Founders are often the engine because they are decisive, driven and deeply involved. But what happens when the engine steps back?That question is where real companies are separated from fragile ones. Building something that outlives a founder is not about removing their influence; rather, it is about translating that influence into systems, repeatable, observable and transferable structures that do not rely on constant presence. Without this, growth becomes personality-dependent, and scale becomes inconsistent.At the early stage, founder-led execution works. Decisions are faster, direction is clearer, and there is less friction. But as the company grows, that same model becomes a bottleneck. Every approval, every escalation, every strategic shift begins to orbit one person. The business does not slow down because of external pressure; it slows down because its internal architecture cannot carry its own weight.Usually, “system” is often misunderstood. It is not just about tools, dashboards or policies. It is about designing how decisions are made, how information flows and how accountability is structured. It is about making sure that the logic behind actions is visible, not assumed.For example, a strong system answers questions before they become problems. What triggers a decision? Who owns it? What data informs it? What happens if it goes wrong?When these are unclear, teams default to escalation. When they are clear, teams operate with autonomy.This is where many founders hesitate. System-building feels like losing control. In reality, it is the only way to extend control without being physically present. It shifts leadership from being reactive to being embedded.One of the most overlooked aspects of building enduring systems is Documentation.Now, not as a formality but as a strategic asset. Decisions that are not documented become opinions. Processes that are not documented become inconsistent.Over time, this creates invisible friction. Teams solve the same problems repeatedly but differently each time.Documentation, when done well, becomes institutional memory. It ensures that the company remembers even when individuals move on.Another critical layer is Feedback Loops. Systems should not be static; they must evolve with the business. This requires structured ways to capture what is working, what is failing and what needs refinement. Without feedback loops, systems become outdated. With them, systems become adaptive.There is also a cultural dimension to it. Systems do not operate in isolation; people execute them. If the culture rewards speed over clarity, systems will be bypassed. If the culture values accountability, systems will be strengthened. The goal is alignment where systems reinforce behaviour and behaviour reinforces systems.In fast-moving industries, this becomes even more important, take fintech, for instance. The pace of regulatory change, market volatility and user expectations demands consistency under pressure.Companies that rely solely on founder instinct struggle to keep up, while those that invest in structured decision-making, risk management frameworks, and operational clarity are better positioned to adapt.This is something we are increasingly seeing in companies like FlashChange, where the focus is not just on growth, but on building operational resilience. The emphasis is shifting from “who is making the decision” to “how decisions are made.” That shift, while subtle, is very powerful. It creates a foundation that can support scale without losing direction.Ultimately, building systems that outlive founders is about redefining leadership. It is not measured by how many decisions a founder makes, but by how many decisions the organisation can make without them.The strongest companies are not those where the founder is always present. They are the ones where the founder’s thinking is quietly embedded, shaping actions, guiding priorities and influencing outcomes, even in their absence. That is how legacies are built.Not through constant control, but through systems that carry intent forward.About the AuthorBidemi Oke is the Chief Executive Officer of FlashChange, a fintech platform focused on secure digital asset exchange. He is an entrepreneur and vibrant leader, recognised for driving innovation and redefining access in the financial technology industry.
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