Boss Of The Week
Nneka Onyeali-Ikpe: Undisputed Amazon of Banking
By Eric Elezuo
The reward for hardwork has always been hardwork, and so it was when the Fidelity Bank group rewarded its indefatigable Group Managing Director and Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, with an extension of her employment contract. No doubt, Mrs Onyeali-Ikpe, reputed as a solid amazon in the finance sector, and a go-getter, has seen and conquered the banking arena, and is honoured among veterans as a solid foundation in Nigeria’s money business.
Born on July 28, 1964, and on the verge of hitting the diamond age, Nneka, as beloved and close family members, friends and colleagues fondly call her, is a force to reckon with, and has in a space of 32 years and counting, of career banking, brought to bear all the stops that make for great banking and financial experience, climbing to the topmost echelon of investment banking and related areas.
It was not surprising therefore that Fidelity Bank Plc has announced its decision after a thorough Board of Directors’ meeting to extend the employment contract of the ebullient achiever from 2024 to 2026.
The announcement, which was taken on February 12, 2024, and contained in the company’s notice to the Nigerian Exchange Limited (NGX), and signed by Ezinwa Unuigboje, the Company Secretary noted that the extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since the assumption of office on January 1, 2021.
The statement reads:
“Fidelity Bank Plc (the Bank) is pleased to announce its Board of Directors’ decision to extend the employment contract of its GMD/CEO, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026.
“The decision was taken at the Board meeting on February 12, 2024. The extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since assumption of office on January 1, 2021,”
The Board noted, and without equivocation, that it is confident that the Bank’s performance will continue its upward trajectory under Dr. Nneka Onyeali-Ikpe’s leadership, and looks forward to working closely with her and the Executive Management Team on execution of various strategic initiatives including international expansion.
Before attaining the enviable GMD with Fidelity Bank, Onyeali-Ikpe had out of dint of hardwork, paid her dues from lesser positions.
She began her career in 1990, when she was employed as a legal officer for the now-defunct African Continental Bank. She later worked as a treasury officer for the First African Trust Bank, and thereafter joined Zenith Bank, and subsequently the Standard Chartered Bank. Her experience in the course of her sojourn are combined to make her a toast of the banking industry today.
Having cut her teeth, and garnered a lot of experience and good, she was in 2011, absorbed by Enterprise Bank as an Executive director of the bank’s operations in Lagos and other locations in the South-Western region in Nigeria. She wasted no time in turning around the fortunes of the bank.
In January, 2015, Onyeali-Ikpe joined Fidelity Bank as an Executive Director, and rose through the ranks until she was announced the Managing Director in December, 2020. Following her appointment, Nneka became the first female MD/CEO in the history of the bank.
Presently, Dr Nneka Onyeali-Ikpe, with the national honour of Officer of the Order of the Niger (OON) is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc, a foremost financial institution with a client base of about nine million customers.
Apart from her Law degrees, from the prestigious University of Nigeria, Nsukka and Kings College, Onyeali-Ikpe has also attended executive training programs at Harvard Business School, The Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.
It is worthy of note that she recently completed a Diploma programme in Organizational Leadership at Said Business School, Oxford University, UK and received an honorary doctorate degree in Business Administration at the University of Nigeria, Nsukka (UNN). She is also the recipient of the national award of the Officer of the Order of the Niger (OON) which was awarded to her by the Federal Government of Nigeria in 2023.
With close to 34 years of rewarding banking experience through Enterprise Bank, Citizens International Bank, Zenith Bank and Standard Chartered Bank among others, the woman is surely a force to reckon with.
A woman of many parts, Onyeali-Ikpe has also been involved in the structuring of complex transactions in Oil and Gas, Manufacturing, Aviation, Real Estate and Export among many others.
She is, without an iota of doubt, widely regarded as one of Africa’s leading female CEOs with a reputation for authentic leadership and proven people skills in identifying talents, opportunities and executing complex business deals. She has extensive business development experience with proficiency in retail, corporate and commercial banking and treasury management among others.
LANDMARK ACHIEVEMENTS IN FIDELITY BANK
Under Nneka’s watch, the Bank grew its PBT from N25.22bn in FY 2021 to N122bn in FY 2023. Nneka has now set her horizon on leveraging the opportunities in select high growth international markets where the Bank has a competitive advantage. She most recently guided the bank to obtain the approval of the Central Bank of Nigeria to expand its operations to the United Kingdom with the acquisition of the former Union Bank UK, now Fidelity Bank UK Limited.
Passionate about innovation and embracing technology, Nneka has pioneered several innovative and pacesetting products such as the PayGate Plus, an online platform that enables businesses make and receive payments.
Dr. Onyeali-Ikpe has also radically repositioned the bank as the go-to financial institution for Small and Medium Enterprises. Understanding the crucial role of small businesses in the sustenance of economic growth and development, she led the bank to create the Fidelity International Trade & Creative Connect (FITCC) which is aimed at providing a global platform for exporters, regulators, subject matter experts and foreign markets to connect.
The FITCC 2022 edition was attended by representatives of both the UK & the Nigerian Governments, Nigerian exporters, investors, regulators from the United Kingdom and Nigeria, the business community and other practitioners. The pipeline deals from the event was in excess of $200m. Over 2,000 people registered to attend the event and daily foot-fall was about 1,000.
The second edition of FITCC, which was hosted in Houston, Texas, United States of America in October 2023, was even bigger with projected pipeline deals of over $250m and more than 160 businesses in participation. Tagged, FITCC Houston, the success of the event is signposted by the designation of 25 October 2023 as the “Fidelity International Trade and Creative Connect Day” by Mr. Sylvester Turner, Mayor of Houston.
HER CORPORATE SOCIAL RESPONSIBILITY EFFORTS
In her bid to give back to the communities the Bank serves and as part of her efforts to combat the twin issues of poverty and hunger, Dr. Onyeali-Ikpe recently launched a National Corporate Social Responsibility initiative tagged The Fidelity Food Bank which provides free food bags to people across Nigeria monthly.
In recognition of her leadership and outstanding performance, she received commendation from AMCON as a member of the Management Team that restructured and turned around the fortunes of the erstwhile Enterprise Bank. She also received several board commendations from the Managing Directors of Standard Chartered Bank and Citizens International Bank for outstanding performance at various times.
FIDELITY AWARDS UNDER ONYEALI-IKPE’S WATCH
With Onyeali-Ikpe as the Chief Executive Officer, Fidelity Bank has been the recipient of several awards within and outside Nigeria some of which are:
1. Best Commercial Banking Brand in Nigeria by the Global Brands Magazine Awards
2. Best Private Bank in Nigeria by The Financial Times in association with The Banker Magazine
3. Trade Ambassador Award by the Nigerian-American Chamber of Commerce (NACC)
4. Global Finance’s World’s Best Private Banks 2023 awards for Best Private Bank in Nigeria
5. The Best Payment Solution Provider Nigeria 2023 in the 2023 Global Banking & Finance Awards
6. Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’ (BAFI) Awards 2023.
7. The “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
PERSONAL RECOGNITIONS AND AWARDS
On her own part, Dr. Onyeali-Ikpe has been recognized by numerous local and international bodies for her sterling achievements. These include:
1. The national award of the Officer of the Order of the Niger (OON) by the Federal Government of Nigeria in 2023.
2. The Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards and
3. The Best Banking CEO Nigeria 2023 in the 2023 Global Banking & Finance Awards.
4. 2023 Top 25 CEOs in Nigeria at the BusinessDay Awards
5. The Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022.
Considering her versatility, industry knowledge and vast network, she also serves on the following Committees and organizations:
1. Chairperson, Financial Literacy and Public Enlightenment Sub-Committee of the CBN Bankers Committee.
2. Chairperson, Funds and Grants Committee of the Chartered Institute of Bankers of Nigeria
3. Member, Audit Committee of FMDQ Group PLC
4. Member of the Board, Shared Agent Network Expansion Facilities (SANEF)
5. Member of the Board, Unified Payment Services Limited
PERSONAL LIFE
Onyeali-Ikpe is married to Dr. Ken Onyeali Ikpe, PhD, a visionary leader with strong business acumen and respected for his demonstrated knowledge in Marketing, Branding and Consumer Consulting and Business acceleration.
She is a celebrated wife and mother, who has combined home duties with professional endeavours with allowing any to suffer.
For being so dedicated to the economic development of the country, we honour ma as our Boss of the Week. Congratulations!
The Wikipedia captured her trajectory as follows:
In October 2009, she was elected Ghana’s representative to the executive board of the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
Ahead of the 2012 general elections, Jane Opoku Agyemang moderated the debate with Kojo Oppong Nkrumah.
On 26 October 2018, she became Chancellor of the Women’s University in Africa located in Zimbabwe.
She has served on many local and international boards and committees such as the Centre for Democratic Governance, (CDD-Ghana), the editorial board of the Harriet Tubman Series on the African Diaspora (Africa World Press Inc. USA), the Africa Initiative in Canada, and the College of Physicians and Surgeons as an Eminent Citizen.
Opoku-Agyemang is an author. Her focus areas includes Literature with a focus on Women from Ghana, Oral literature in Ghana and Africa, Communication Skills and Issues in the African Diaspora. As an academic she has written and published in scholarly journals and presented articles at various conferences including at the 200th Anniversary of the Abolition of Slavery at the United Nations Headquarters in New York City and at the Inaugural Lecture to the Ghana Academy of Arts and Sciences.
In 2015, as Education Minister, she published and launched a five volumes collection of published folktales titled ‘Who told the most incredible story?”’
A key focus area during her tenure was empowering girls and advocating for gender equity in education. Her leadership drove the implementation of policies that tackled gender disparities, promoted higher female enrolment and retention rates, and empowered girls through education. Her initiatives played a pivotal role in creating more inclusive opportunities for young women across Ghana.
Additionally, she led the conversion of 10 polytechnics across the regions into technical universities, a bold initiative that elevated the status of these institutions, broadening their academic scope and enhancing vocational education. This reform was instrumental in aligning Ghana’s educational framework with global trends, equipping students with practical skills for a competitive job market.
During her tenure, Opoku-Agyemang initiated the construction of 124 Community Day Senior High Schools, known as “E-Blocks,” to improve access to secondary education in underserved areas. By the end of her term, 50 schools were completed and operational, providing modern facilities such as science laboratories, libraries, and ICT centres. This initiative significantly expanded educational opportunities, particularly in rural and peri-urban communities, and underscored her commitment to addressing disparities in access to quality education.
Opoku-Agyemang oversaw the completion of key infrastructure at the University of Health and Allied Sciences (UHAS) in Ho, including the School of Basic and Biomedical Sciences, a hostel block, and staff accommodation at its Sokode campus. The university was inaugurated by President John Dramani Mahama in November 2015, underscoring the government’s commitment to expanding access to quality higher education and supporting the training of health professionals to address national healthcare needs.
She also played a critical role in establishing the University of Environment and Sustainable Development (UESD) in the Eastern Region. She facilitated the passage of the enabling Bill in Parliament and secured funding for the university. In December 2016, President John Mahama officially cut the sod for the construction of the UESD’s Somanya campus.
Vice presidential campaign
Opoku-Agyemang was selected as the presidential running mate for the National Democratic Congress (NDC) on 6 July 2020 for Ghana’s December 2020 General elections. She became the first female running mate of the two major political parties in Ghana. Her selection by the flagbearer, John Dramani Mahama of the National Democratic Congress was applauded by women groups and women activists as a positive sign to the Ghanaian political scene to promote gender balance and equality.
She appealed to Ghanaians to vote for change and promised to use her office as vice president to influence sustainable development and practical youth-centred policies. Her campaign message was devoid of attacks on opponents. Her intensive campaign in the coastal communities and her home region, the Central Region yielded results as the NDC won most of the constituencies they had lost in 2016. The NDC also won 9 out of the 16 regions in Ghana including the major battleground, Greater Accra.
The NDC National Executive Committee, on 7 March 2024, officially endorsed Opoku-Agyemang again as the running mate for the party’s flagbearer, ahead of the 2024 general elections.
Opoku-Agyemang became the vice president–elect after Mahama won the 2024 presidential election.
On 7 January 2025, Opoku-Agyemang was sworn in as the Vice President of Ghana, becoming the first female to hold the office. The ceremony took place at Independence Square in Accra, where she took the Oath of Allegiance and the Vice President’s Oath before Chief Justice Gertrude Torkornoo. Her appointment marked a significant moment in Ghana’s political history, as she became the first woman to assume the role of Vice President in the country’s history.
Opoku-Agyemang has been honoured with honorary degrees from the University of the West Indies and Winston-Salem University. She has also received an award for Global leadership from the University of South Florida in Tampa. She received the Officer of the Order of the Volta award for Academic Distinction in 2011 by President John Atta Mills and Ghana Women of Excellence Award in the Education category due her contribution to the development and promotion of quality education in Ghana. She was acknowledged for Outstanding Performance in Advancing International Education, School for International Training, Vermont, USA on two occasions.
In 2020, she was named among the 40 Most Inspirational Female Leaders in Ghana for serving as a role model for women in Ghana and in Africa. In January 2023, she was listed among the 100 most reputable Africans.
It is believed that her antecedents and wholesale performances in all the offices she had previously held, will come to bear as she studiously assists Mahama to reignite the 24hour economy he is known for.
By Eric Elezuo
The academic environment, or to be more specific, the ivory tower, thrives on quality, capacity, intelligence and ability to think out of the box. It is further complicated when to become a vice Chancellor, one has to be above board, be the ultimate cetris paribus and have the never-say-never attitude to get things done.
These are the qualities, and more that propelled 41-year-old Professor of International Law, at the University of Abuja, Professor Aisha Sani Maikudi, to the height of administration head of the institution as the Vice Chancellor.
Just into her fourth decade as a human being, Aisha has come of age, smashing the proverbial glass ceiling, and hitting stardom where it was least expected. She is the real slay queen, endowed with beauty, brains and absolute intelligence.
A profile of her personality published on the university site, noted that for her to assume the incumbency of the University administration, Aisha has arrived, seen and conquered, creating room of encouragement, inspiration and desire among the young ones, especially the female folks, who look up to her. She is an enigma.
The profile reads as follows:
Professor Aisha Sani Maikudi, a distinguished scholar and professor of International Law at the University of Abuja is from Katsina State, Nigeria. She began her educational journey at Sacred Heart School, Kaduna, where she obtained her First School Leaving Certificate (FSLC) in 1993. She proceeded to Queens College, Yaba, Lagos, earning her West African Senior School Certificate Examination (WASSCE) in 1999, her LLB degree from the University of Reading, UK, the LLM from the London School of Economics, UK, BL from the Nigeria Law School, Abuja and Ph.D from the University of Abuja, Nigeria.
Maikudi’s academic excellence took her to the University of Reading, where she earned an LLB in 2004. She further specialised in Public International Law, obtaining an LLM from the London School of Economics and Political Science in 2005. After completing her legal education at the Nigerian Law School (2006–2007). In 2007, Professor Aisha Sani Maikudi did her National Youth Service Corps at the Corporate Secretariat and Legal Division of the Nigerian National Petroleum Corporation. She pursued and had a PhD in International Law from the University of Abuja in 2015.
She joined the University of Abuja as a Lecturer II on 4th September 2008, and rose through the ranks to become a professor in 2021.
Professor Aisha Sani Maikudi broke barriers as the first female and youngest Head of Department in 2013, the first female Deputy Dean of the Faculty of Law in 2018, and the pioneer Director of the University of Abuja International Centre in 2019. She also served as the Deputy Vice-Chancellor (Academic), where she was instrumental in enhancing academic standards and promoting a culture of excellence at the University.
To date, she is the youngest Professor of the University of Abuja and indeed Nigeria, as well as the first female Professor of Law in the North West and the University of Abuja. She specializes in United Nations Law, backed by extensive research and numerous publications in academic journals and book chapters. Professor Aisha Sani Maikudi floated a Postgraduate course on United Nations Law and has supervised numerous undergraduate and postgraduate theses and dissertations, contributing to the growth of legal scholarship. She has also taught Company Law for over 12 years and is well versed in its mechanics.
Professor Aisha Sani Maikudi has represented her university and country at numerous national and international conferences, workshops, and training sessions across the UK, US, South Africa, Germany, Italy, China, Ghana, and Egypt. She has presented papers at many of these events, further solidifying her global reputation as an academic leader.
She is an active member of several professional organisations, including the Nigerian Bar Association (NBA), Nigerian Law Teachers Association (NLTA), International Federation of Women Lawyers (FIDA), and Nigerian Society of International Law.
Aisha is married with children.
By Eric Elezuo
The constantly improved city of Osogbo was agog weekend when the Secretary to the Government of the Osun State, Igbalaye Teslim Adekunle, was installed as the Bobagunwa of Osogboland, replacing his late father, Alhaji Abdulrasheed Igbalaye, who was the pioneer Bobagunwa of Osogbo.
The installation of Teslim Adekunle mark the continuation of visionary leadership, a legacy built on profound patriotism and a relentless commitment to the progress of people of Osogbo in particular, and Osun State in general.
The occasion, a combination of pomp, grace, culture and class, drew together the who is who in Osun, West and national politics to the land that bustles with melodious springs.
This venue was the royal palace of Ataoja of Osogbo, His Royal Majesty, Oba Jimoh Oyetunji (Larooye II), who presided over the ceremony, and had the singular honour of conferring the prestigious feather on the new Bobagunwa.
As early as the first light of the d-day, guests from all corners and walks of life, some, who had arrived the day before, began trooping into the colorful premises of the palace with giant billboards showcasing the about to be installed Bobagunwa and the royal father.
From afar as well as near, dignitaries including traditional rulers, government officials, captains of industries, entertainment buffs, students organisations, community groups, youths and the general public, all converge to witness the glory of a man many believe is a force to reckon with, in both community relations and political administration.
Among notable names present were the Osun state Governor, Senator Nurudeen Ademola Adeleke; the Deputy Governor, Prince Kola Adewusi; former governor of the state, Prince Olagunsoye Oyinola; former Osun state Deputy Governor, Mrs. Titi Laoye-Tomori and her husband; Oba Abolarin Adedokun, Speaker, Osun State House of Assembly, Rt. Hon. Adewole Egbedun; Deputy Speaker, Rt. Hon. Akinyode Abidemi Oyewusi; Chief of Staff to the Governor, Alhaji Kazeem Akinleye, Senator representing Osun West Senatorial District, Sen. Lere Oyewunmi, Senator representing Osun Central, Sen. Olubiyi Fadeyi-Ajagunla, State PDP Chairman, Hon. Sunday Bisi, Former Chief of Air Marshal, Air Marshal Oladayo Amao; Araba Ifayemi Elebuibon, Mr. Oye Balogun the Secretary to the Kogi State Government, Dr. Folashade Arike Ayoade, the Timi of Ede Land, Oba Munirudeen Lawal, Hon. Adewale Morufu Adebayo, and a host of other eminent personalities.
Glad in prestigious all red traditional babariga attire, Igbalaye arrived the venue, in company of his wife, children and aides to a rousing welcome of acceptance. The team could not help but respond to the melodious sounds emanating the drums of the itinerant drummers, with corresponding dance steps.
It was not long before the Ataoja, in full view of the guests, including Governor Adeleke, performed the rites of installation, and pronounced Igbalaye, the new Bobagunwa of Osogboland to a loud applause that ricochetted across the length and breadth of Osogboland. He enjoined the new Bobagunwa to uphold tradition and its institutions, and never betray that trust of his people. He harped on the sanctity of the title, and advised the bearer to remain a beacon that he has always been.
In his response as the Bobagunwa, Teslim Adekunle, promised to extend the legacy of truthfulness, honesty, leadership and hard work as handed down by the previous Bobagunwa.
With happiness visibly showing on his face, the Bobagunwa conducted himself round the venue, exchanging pleasantries, in apparent performance of his first official duty as the stool occupier.
In his brief remarks, Governor Adeleke, known for his jovial disposition and dancing prowess, congratulated the new Bobagunwa, and task him to bring unity to not only Osogboland, but the entire Osun State and Nigeria at large. He also thanked the Ataoja for the honour his SSG, noting that the royal father has been a supporter of the administration towards delivering good governance.
The stage was practically set for music, dance and good food, and every attendee had his very full. King Sunny Ade was on hand to make that guest enjoined the best of dancing and music
According to tradition, the title of Bobagunwa is conferred upon deserving sons of the land, and carries immense prestige, aa well as comes with responsibilities.
It is those, like Teslim Adekunle, who have played a significant role in the growth and development of the city in the past, and are committed to the future development of the state in culture and tradition, infrastructure and general growth, are eligible for the honour.
Bobagunwa, a Yoruba language word, which means “to reign with the king” is a clear testament that Teslim Adekunle is qualified to be a confidant of the reigning king. And by implication, demands express commitment and dedication to the king of Osogbo, who is the Ataoja.
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