FIDELITY BANK PLC PROMOTES KELVIN UGWUOKE TO AN EXECUTIVE DIRECTOR

The Board of Directors of Fidelity Bank Plc has approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the CBN

Kevin Ugwuoke joined Fidelity Bank in 2015 as General Manager, Chief Risk Officer. Under his supervision, the Bank’s Total Loan Book has grown by a Compound Annual Growth Rate (CAGR) of 17% from N559.1bn to N1,218.9bn with Cost of Risk averaging 0.7% within the period and Non-Performing Loans Ratio below the regulatory threshold at 4.8% in Q1 2020.

He has over 29 years of banking experience across various banks namely Citi Bank, Access Bank Plc, United Bank for Africa Plc, and legacy Mainstreet Bank Limited, where he worked in various capacities in Banking Operations, Commercial Banking, Corporate Banking, and Risk Management. Prior to joining Fidelity Bank, he was Chief Risk Officer at United Bank for Africa Plc and Mainstreet Bank Limited.

Kevin holds a Firstclass Honors degree in Civil Engineering from the University of Nigeria, Nsukka, and a Post Graduate Diploma in Management from Edinburgh Business School of Herriot-Watt University. He has attended several executive training at Harvard Business School and other world-class institutions of learning.

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Peter Mbah moves to appoint caretaker LGA Chairmen following LGA election postponement.

Enugu State governor, Peter Mbah is planning to appoint caretaker chairmen for the 17 LGA council. This followed the postponement of the LA election earlier scheduled to be held on the 24th of February, 2024. Earlier this week, the chairman of Enugu State Independent Electoral Commission (ENSIEC), Dr. Michael Ajogwu (SAN) announced that the election will no longer be held in February following the suit filed against the conduct of the election by Action Alliance. Hence, the commission announced that the election will now be held on October 5th, 2024. However, political analysts believe the court judgment was just to pave the way for the postponement of the LGA election and thus allow Peter Mbah to appoint his men as caretaker committees. Already, many people have started lobbying for the chairman of various LGAs in the state as Peter Mbah intensifies action to take over the party’s structure from the loyalist of former governor Ifeanyi Ugwuanyi.

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