Fidelity Bank Plc shareholders have re-elected Amaka Onwughalu as chairman and approved the election of Jonathan Ososuakpor as a Non-Executive Director at the bank’s 38th Annual General Meeting held virtually on October 9, 2026.
The bank disclosed the decisions in resolutions filed with the Nigerian Exchange Limited, adding that shareholders also approved the retirement of Nelson Nweke as a Non-Executive Director, effective October 9, 2026.
At the meeting, shareholders endorsed Onwughalu’s re-election and Ososuakpor’s appointment as part of the ordinary business considered at the AGM.
They also authorised the directors to determine the remuneration of the bank’s external auditors for the 2026 financial year.
In addition, shareholders noted the remuneration of the bank’s managers, as disclosed in Note 40 of its 2025 audited financial statements.
The meeting also constituted the bank’s Statutory Audit Committee to serve until the next annual general meeting, in accordance with Section 404 of the Companies and Allied Matters Act, 2020.
The committee comprises three shareholder representatives—Frank Onwu, Innocent Mmuoh and Kabiru Tambari; alongside Abdullahi Mohammed, an Independent Non-Executive Director, and Obiaku Okam, a Non-Executive Director.
Shareholders also received the bank’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, external auditors, audit committee and independent board appraisal consultants.
