Fidelity Bank Appoints Balarabe Ag MD/CEO
Tue May 03, 2016 10:46:am Business
2K By sosa hills
Fidelity Bank Plc has appointed Mohammed Lawal Balarabe, as its acting Managing Director. He replaces Nnamdi Okonkwo who is presently in Economic and Financial Crimes Commission's net.
The bank's Board of Directors approved the appointment, stressing that, the development followed the absence of the substantive Managing Director/Chief Executive Officer.
Prior to his appointment, Balarabe was the Executive Director North and will begin to act as MD pending approval from the Central Bank of Nigeria.
The bank assured its stakeholders, including over 400,000 shareholders and about 3.4 million customers, of its continued seamless services.
It would be recalled that former MD/CEO Okonkwo was arrested and detained by the EFCC after the anti-graft agency traced $115m dollars to the bank.
The bank's Board of Directors approved the appointment, stressing that, the development followed the absence of the substantive Managing Director/Chief Executive Officer.
Prior to his appointment, Balarabe was the Executive Director North and will begin to act as MD pending approval from the Central Bank of Nigeria.
The bank assured its stakeholders, including over 400,000 shareholders and about 3.4 million customers, of its continued seamless services.
It would be recalled that former MD/CEO Okonkwo was arrested and detained by the EFCC after the anti-graft agency traced $115m dollars to the bank.
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