Fidelity Bank’s Managing Director/CEO Nnamdi
Okonkwo, who was away following his interrogation by the Economic and Financial
Crimes Commission (EFCC), is back at work.
Okonkwo was with the anti-graft agency on the
allegation that the bank received about $115million from the former Petroleum
Resources Minister, Mrs. Diezani Alison- Madueke, a lodgement the bank said was
reported to the regulatory authority.
Also, the bank has appointed Alhaji Mohammed
Lawal Balarabe, the Acting Managing Director, as its Deputy Managing Director,
subject to regulatory approval.
The bank, in a statement, said Balarabe, who
acted for about two weeks, has over 24 years experience in Corporate,
Commercial and Retail banking. He has worked in various capacities in Nigeria’s
financial services industry where he acquired strong strategic management,
leadership and people skills.
Balarabe holds a Bachelor’s Degree in Accounting
and Finance from Nottingham Trent University, United Kingdom (UK), as well as a
Master of Science (M.Sc.) in Finance from the University of Lagos. He has
attended several executive education programs at the Columbia University
Business School, INSEAD; Said Business School, University of Oxford; and
Kellogg School of Management, amongst others.
He is a licensed member of the Nigeria Stock Exchange (NSE) since 1992.
Balarabe was Executive Director of Oceanic Bank Plc, pursuant to an appointment
by the Central of Nigeria (CBN).
He was also a General
Manager in United Bank for Africa (UBA) and General Manager & Chief Executive
of Newdevco Finance Services Company Limited before his appointment to the
Board of Fidelity Bank in April 2012.
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