In an update published by Punch, Fidelity Bank announced the appointment of Amaka Onwughalu as board chair, a move aimed at strengthening corporate governance as the sector tightens oversight.
The appointment comes amid heightened scrutiny of bank boards, risk management and capital adequacy, with stakeholders watching how leadership decisions translate into performance and compliance.
Vanguard also reported the appointment, describing Onwughalu’s elevation as a notable board change at the lender. Punch’s report described the move as “appoints Onwughalu as board chair,” while Vanguard’s coverage similarly framed it as a chairmanship appointment.
For investors, the practical signal will be follow-through: board composition, committee strength, and disclosures that show improved governance beyond titles.
Echotitbits take: For investors, the practical signal will be follow-through: board composition, committee strength, and disclosures that show improved governance beyond titles.
Source: The Punch — January 3, 2026 (https://www.google.com/amp/s/punchng.com/fidelity-bank-names-new-board-chairman-as-chike-obi-exits/%3famp)
The Punch January 3, 2026
Photo Credit: The Punch
