Nneka Onyeali-Ikpe Explained

Nneka Onyeali-Ikpe
Birth Date:28 July 1964
Birth Place:Lagos State, Nigeria
Alma Mater:King's College London
Occupation:Banker
Years Active:1990 - present
Employer:Fidelity Bank Nigeria
GMD/CEO, Fidelity Bank
Term:2020 - present
Predecessor:Nnamdi Okonkwo

Dr. Nneka Onyeali-Ikpe, [1] (born July 28, 1964) is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc. She joined Fidelity Bank as an Executive Director in 2015[2] and was appointed Managing Director/CEO in January 2021, becoming the first female MD/CEO in the bank's history.[3]

Early life

Nneka Onyeali-Ikpe was born in Lagos, Nigeria. She also lived in Owerri, Imo State, where she studied at the Federal Government Girls’ College.[4]

Education

Nneka Onyeali-Ikpe holds a Bachelor of Law from the University of Nigeria, Nsukka, and a Master of Law from King's College London.[5] She has attended executive training programs at various institutions including Harvard Business School, The Wharton School University of Pennsylvania, and London Business School. Additionally, she recently completed a Diploma program in Organizational Leadership at Said Business School, Oxford University, UK. She holds an honorary doctorate degree in Business Administration from the University of Nigeria, Nsukka (UNN) and is an Officer of the Order of the Niger (OON), awarded by the Federal Government of Nigeria in 2023.[6]

Career

In 1990, she began working in banking as a legal officer for the now-defunct African Continental Bank. She subsequently worked as a treasury officer for the First African Trust Bank. She later joined Zenith Bank and Standard Chartered Bank respectively.[7] [8]

Onyeali-Ikpe has held leadership positions at Citizens International Bank, Zenith Bank, and Standard Chartered Bank, among others. She has been instrumental in structuring complex transactions across various sectors including Oil and Gas, Manufacturing, Aviation, Real Estate, and Export.

Enterprise Bank

In 2011, she joined Enterprise Bank as an executive director of the bank's operations in Lagos and other locations in the South-Western region in Nigeria.[9]

Fidelity Bank

Onyeali-Ikpe joined the commercial bank Fidelity as an executive director in January, 2015. Fidelity Bank announced Onyeali-Ikpe as its managing director in December 2021.[10]

Under her leadership, Fidelity Bank witnessed significant growth, increasing its Profit Before Tax (PBT) from N25.22bn in FY 2021 to N122bn in FY 2023.[11] Onyeali-Ikpe has led the bank's expansion into international markets, including the recent approval by the Central Bank of Nigeria to acquire Fidelity Bank UK Limited (formerly Union Bank UK).[12] [13]

Passionate about innovation and technology, Onyeali-Ikpe has spearheaded initiatives such as PayGate Plus, an online payment platform, and the Fidelity International Trade & Creative Connect (FITCC) aimed at supporting Small and Medium Enterprises (SMEs) globally

Awards and Recognitions

In recognition of her leadership, Onyeali-Ikpe has received several awards including The Banker of the Year 2022 at the 14th Leadership Annual Conference,[14] Best Banking CEO Nigeria 2023 in the 2023 Global Banking & Finance Awards,[15] 2023 Top 25 CEOs in Nigeria at the BusinessDay Awards,[16] and Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022[17]

She also received acknowledgment from the Assets Management Corporation of Nigeria (AMCON) for her role in restructuring the former Enterprise Bank. As an Executive Director, she oversaw operations in the Lagos and southwest regions, managing the Retail and SME divisions. Additionally, she played a key role in establishing the Bank’s SME group.

She serves on various Committees and organizations including the Financial Literacy and Public Enlightenment Sub-Committee of the CBN Bankers Committee and the Chartered Institute of Bankers of Nigeria.[18]

Personal life

Onyeali-Ikpe is married to Dr. Ken Onyeali Ikpe, PhD, a leader in Marketing, Branding, and Consumer Consulting.[19]

Notes and References

  1. Web site: Partners . N. M. . 2023-06-11 . Fidelity Bank MD, Nneka Onyeali-Ikpe gets national award . 2024-02-28 . Nairametrics . en-US.
  2. Web site: Fidelity Bank appoints Nneka Onyeali-Ikpe MD-designate . 2024-02-28 . www.premiumtimesng.com.
  3. Web site: Staff . Daily Post . 2023-06-09 . Fidelity Bank MD, Nneka Onyeali-Ikpe gets national award . 2024-02-28 . Daily Post Nigeria . en-US.
  4. Web site: Eboigbe. Epa Ogie. 2021-01-04. MEET NNEKA ONYEALI-IKPE, THE NEW CEO OF FIDELITY BANK. 2021-02-06. Epa. en-US.
  5. Web site: Ekugo . Ngozi . 2022-05-25 . WCW: Nneka Onyeali-Ikpe, an astute banker and builder of people . 2024-02-28 . Nairametrics . en-US.
  6. Web site: Enenaite . Blessing . 2023-07-30 . Nneka Onyeali-Ikpe’s undeniable impact . 2024-02-28 . Punch Newspapers . en-US.
  7. Web site: Nairametrics. 2015-09-06. Here Is What You Need To Know About Fidelity Bank's Two New Executive Director's. 2021-02-06. Nairametrics. en-GB.
  8. Web site: Taiwo. Lukmon. 2020-12-23. Facts on Incoming First Female Fidelity Bank MD, Nneka Onyeali-Ikpe. 2021-02-06. P.M. News. en-US.
  9. Web site: Awojulugbe. Oluseyi. 2021-01-03. Onyeali-Ikpe assumes office as Fidelity Bank CEO. 2021-02-06. TheCable. en-US.
  10. Web site: 2021-01-03. Onyeali-Ikpe assumes Office as MD/CEO of Fidelity Bank. 2021-02-07. en-GB.
  11. Web site: Olujinmi . David . 2024-02-01 . Fidelity Bank releases unaudited financial statements for 2023, posts 128% pre-tax profit . 2024-02-28 . Nairametrics . en-US.
  12. Web site: Adamolekun . Ronald . 2023-09-14 . Fidelity Bank completes takeover of Union Bank UK . 2024-02-28 . Premium Times Nigeria . en-GB.
  13. Web site: Okojie . Kelvin . 2023-09-14 . Fidelity Bank completes 100% acquisition of Union Bank UK . 2024-02-28 . Businessday NG . en-US.
  14. Web site: Bello . Olushola . 2023-02-06 . Nneka Onyeali-Ikpe Bags LEADERSHIP Banker Of The Year Award . 2024-02-28 . en-US.
  15. Web site: 2022-12-29 . GLOBAL BANKING & FINANCE AWARDS® – 2023 – Award Winners . 2024-02-28 . en-GB.
  16. Web site: Onuh . Chioma . 2023-09-18 . BusinessDay honours 25 outstanding CEOs . 2024-02-28 . Businessday NG . en-US.
  17. Web site: Anaro . Blessing . 2023-02-05 . Fidelity MD bags Banker of the year award . 2024-02-28 . Blueprint Newspapers Limited . en-US.
  18. Web site: Central Bank of Nigeria Director Listing For Financial Institutions Page . 2024-02-28 . www.cbn.gov.ng.
  19. Web site: 78marketing. 2021-02-06. Ken Onyeali Ikpe's wife Nneka made md-designate at Fidelity Bank.