WorldStage– Fidelity Bank Plc successfully convened its 38th Annual General Meeting (AGM) virtually on Friday, October 9, 2026, where shareholders reviewed the bank’s performance and overwhelmingly approved key corporate resolutions and board adjustments.
Key Highlights for Investors:
Adoption of Financial Statements: Shareholders formally received and adopted the Audited Financial Statements for the financial year ended December 31, 2025, alongside the comprehensive reports of the Directors, External Auditors, Audit Committee, and Independent Board Appraisal Consultants.
Leadership and Board Realignment:
Investors approved the election of Dr. Jonathan O. Ososuakpor as a Non-Executive Director.
The re-election of Mrs. Amaka Onwughalu as Chairman and Non-Executive Director was officially greenlit.
The meeting noted and approved the retirement of Chief Nelson Nweke as a Non-Executive Director, effective October 9, 2026.
Auditor Remuneration and Governance: Authorization was granted to the Board of Directors to fix the remuneration of the External Auditors for the 2026 financial year. Additionally, the meeting formally noted the disclosure of the managers’ remuneration as detailed in Note 40 of the 2025 audited accounts.
Statutory Audit Committee Composition: In compliance with Section 404 of the Companies and Allied Matters Act (CAMA 2020), the newly constituted Statutory Audit Committee was announced to serve until the next AGM. The committee comprises: Chief Frank Onwu (Shareholder), Mr. Innocent Mmuoh (Shareholder), Alhaji Kabiru Tambari (Shareholder), Alhaji Abdullahi Mohammed (Independent Non-Executive Director), Ms. Obiaku Okam (Non-Executive Director)
The seamless virtual execution of the 38th AGM underscores Fidelity Bank’s ongoing commitment to corporate governance transparency and proactive stakeholder engagement as it navigates the current financial year.
