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Fidelity Bank Rejigs Board for Next Phase of Growth Trajectory

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Fidelity Bank $500m Eurobond

By Dipo Olowookere

The board of Fidelity Bank Plc has been reorganised as the financial institution prepares for life after its current Managing Director, Mr Nnamdi Okonkwo.

Mr Okonkwo will retire from the company this week and would be succeeded by the current executive director of the bank in charge of its Lagos and Southwest Directorate, Mrs Nneka Onyeali-Ikpe, from Friday, January 1, 2021.

As Mr Okonkwo is handing over to Mrs Onyeali-Ikpe, Fidelity Bank, which wants to meet the targets set for the next phase of its growth trajectory, has shopped for some of the best brains in the financial sector to be on its board.

The lender has carefully selected three persons it believes will make it achieve this goal as non-executive directors and they are Mrs Amaka Theodora Onwughalu, Mr Nelson Chidozie Nweke and Mr Chinedu Eric Okeke.

While the appointments of the first two have been approved by the Central Bank of Nigeria (CBN), the third is yet to be authorised by the banking sector regulator.

Mrs Onwughalu, who has over 30 years’ banking experience, including over 10 years in executive management in various financial institutions, served in executive management positions in different institutions.

She was the former Group Managing Director of legacy Mainstreet Bank Limited where she led the successful execution of seamless integration of the bank with the defunct Skye Bank Plc, where she served as Deputy Managing Director until her retirement in July 2016.

Mrs Onwughalu, who holds a BSc Degree in Economics from the University of Buckingham, an MSc Degree in Corporate Governance from Leeds Metropolitan University, United Kingdom and an MBA from the University of Port Harcourt, is currently the CEO of Blueshield Financial Services Limited.

For Mr Nweke, he had an extensive career in the financial services sector, rising to the position of executive director at legacy Intercontinental Bank Plc. He is an Associate Member of the Chartered Institute of Stockbrokers (CIS) and Chartered Institute of Personnel Management (CIPM).

The appointee, who is the current MD of Neilville Nigeria Limited, was a member of the governing council of Anambra State Investment Promotion and Protection Agency between 2014 and 2018.

He is presently an independent non-executive director of Berger Paints Plc and boasts of BSc. in Political Science and an MSc. in Industrial and Labour Relations, both from the University of Ibadan.

On the part of Mr Okeke, he is the MD of Azura Power West Africa Limited and had a stellar career spanning over 19 years in a succession of blue-chip companies including Guinness Nigeria Plc, Lafarge Africa Plc, Schlumberger Oilfield Services, and General Electric (GE).

The B.Eng. Degree holder in Electronic Engineering from the University of Nigeria, Nsukka (UNN) and an MBA from Imperial College, London has a strong ability to develop and maintain strategic client relationships and deliver quality results under complex conditions.

Meanwhile, Fidelity Bank has announced the retirement of Mrs Aku Odinkemelu, the executive director in charge of Commercial and Consumer Banking, South Directorate, who was appointed to the board on August 4, 2014.

Also, Mr Charles Umolu, Mr Michael Okeke and Mr Alex Ojukwu have retired from the board of the financial institution as non-executive directors.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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CIPM Remains Sole Recognised Regulator of HR Practice in Nigeria

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CIPM HR Practice in Nigeria

By Adedapo Adesanya

The federal government has reaffirmed the Chartered Institute of Personnel Management of Nigeria (CIPM) as the only legally recognised regulatory body for Human Resource (HR) practice in the country.

This follows the release of a new directive aimed at professionalising HR functions across the Federal Public Service.

The directive, contained in a circular issued by the Office of the Head of the Civil Service of the Federation (OHCSF), mandates officers occupying HR positions in Ministries, Departments and Agencies (MDAs) to obtain approved professional certifications.

The circular, referenced HCSF/3065/Vol.1/230 and dated May 14, 2026, was signed by the Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack.

According to the circular, the policy is part of ongoing reforms targeted at strengthening professionalism, ethical standards, competence and service delivery within the Federal Civil Service.

The government specifically recognised certifications issued by the Chartered Institute of Personnel Management of Nigeria (CIPM), alongside a few globally recognised HR professional bodies, further reinforcing the Institute’s statutory role in regulating and advancing HR practice in Nigeria.

Under the new policy, officers deployed to HR functions within the Federal Public Service are required to possess approved HR certifications within a 12-month grace period.

It was also granted to affected officers to regularise their certification status, after which only certified professionals will be eligible for deployment into designated HR roles.

Reacting to the development, the President and Chairman of the Governing Council of CIPM, Mr Ahmed Ladan Gobir, described the circular as a landmark step towards institutionalising professionalism in Nigeria’s public sector.

He said the directive aligns the nation’s civil service with global best practices in Human Resource Management while reinforcing the importance of professional competence and ethical compliance in workforce management.

Mr Gobir stressed that CIPM remains the only institute legally empowered to regulate HR practice in Nigeria, noting that the Institute’s enabling law grants it authority to set standards, certify practitioners and enforce discipline within the profession.

“While the circular recognises certain international certifications, it is important to reiterate that within Nigeria, CIPM remains the only Institute with the legal mandate to regulate the practice of Human Resource Management,” he stated.

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Kayode Oyekanmi Replaces Sola Kosoko as LTV General Manager

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Kayode Oyekanmi LTV General Manager

By Modupe Gbadeyanka

Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.

Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.

The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.

Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.

Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.

A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.

He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.

The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.

He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.

He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).

In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.

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Tinubu Chooses Famadewa as Special Adviser on Homeland Security

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adeyinka famadewa

By Modupe Gbadeyanka

A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.

The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.

His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.

It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.

The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.

The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.

He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.

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