By Adedapo Adesanya
Fidelity Bank Plc, a leading commercial bank in Nigeria, has reported insiders’ dealings in its share involving two Executive Directors of the bank, Mr Obaro Odeghe and Mr Gbolahan Joshua.
According to the Company Secretary, Mrs Ezinwa Unuigboje, in a notice sent to the Nigerian Stock Exchange (NSE) on Friday, Mr Odeghe purchased 2,000,000 units in two tranches of 1,978,500 units at N1.79 and 21,500 units at N1.80 while Mr Gbolahan Joshua purchased 2,323,529 units at N1.80.
The two transactions were said to have taken place on Wednesday, September 23, 2020.
Meanwhile, on Thursday, the Board of Directors of Stanbic IBTC Holdings PLC announced the appointment of Mrs Sola David- Borha as a Non-Executive Director with effect from September 24, 2020, following the receipt of all required regulatory approvals.
The announcement was made in a notice to the Nigerian Stock Exchange (NSE) signed by the company’s secretary, Mr Chidi Okezie.
It read, “Mrs David- Borha is currently the Chief Executive, Standard Bank (Africa Regions).
“Prior to that, she served as Chief Executive of Stanbic IBTC Holdings PLC (2012-2017) as well as the Bank (2011-2012), after holding various executive positions in Corporate Banking; Corporate & Investment Banking; and Investment Banking Coverage for Africa (excluding South Africa). She is also an Independent Non-Executive Director on the Board of Coca Cola Hellenic Bottling Company.
“Mrs David-Borha has had an extensive career in the financial services industry, which has spanned over 30 years. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.
“The Board is pleased to welcome Mrs David-Borha back to the Board of the Company and will undoubtedly continue to benefit immensely from her wealth of experience.”
