Business
Fidelity Bank CEO, Nnamdi Okonkwo Emerges Banker of the Year
Fidelity Bank CEO, Nnamdi Okonkwo Emerges Banker of the Year.- Fidelity Bank CEO, Mr. Nnamdi Okonkwo was on Sunday adjudged Banker of the Year at the Business Hallmark People of the Year Awards 2020. The award, presented during an elaborate ceremony in Lagos, was conferred on Mr. Okonkwo in utmost recognition of his leadership and vision having not only overseen strong financial performance for the bank in recent times but also guiding the financial institution to greater heights in a highly competitive industry.
According to the organizers, Hallmark Newspapers Limited, the award was aimed specifically at recognizing individuals and corporate organizations that made a meaningful impact in supporting the growth of critical institutions that are needed to foster healthy growth of the Nigerian economy.
Under Okonkwo’s watch, Fidelity Bank has grown from being one of several players in the Nigerian banking space to one that has presently registered in the consciousness of many as one of the most dynamic and fast-growing businesses of its type in the land.
Receiving the award on behalf of Okonkwo, the bank’s Executive Director, Corporate Bank, Obaro Odeghe described the award as a very clear testament of his contributions, not just to the bank but the entire banking sector.
While expressing his gratitude to Business Hallmark Newspaper Group for the award, Okonkwo said that the award was not taken for granted. “We are not taking this award for granted, it is a very clear testament to our contributions, not just to the bank but the entire banking sector, he said.
Okonkwo has led Fidelity Bank to consistently post double digit growth figures, year-on –year profitability and wealth creation across the bank’s operations over the last six years.
Recall that the bank’s Profit Before Tax (PBT) under Okonkwo grew by 236 per cent from N9.06 billion to N30.4 billion and Return on Equity (RoE) increased from 5.5 per cent to 13. 3 percent.
Customer deposits grew 68 per cent from N806.3 billion to N1.352.3 billion and a savings deposit growth of 275 per cent from N83.3 billion to N312.1 billion. Also, under his watch, the bank has recorded unprecedented growth in its digital platforms such that the Tier 2 bank is well on its way of becoming a Tier one bank.
Earlier in his opening remarks, Chairman of the awards, Former Senate President, Senator Anyim Pius Anyim, noted that the year 2020 has been challenging because of the COVID-19 Pandemic. According to him, Nigeria needs to adopt a socio-political framework where everybody feels included.
Speaking further, he said, “Today we have gathered here to honour people who in their respective social classes have tried to make meaningful impact in supporting the growth of critical institutions that are needed to foster the healthy growth of our country, whether in the private or public capacities, these individuals have shone like bright stars, spreading light.
“Given the challenges that we face as a country today, we have such achievers that we are celebrating today, and we are glad to be here to honour them.
Other distinguished awardees include, Attorney-General of the Federation & Minister of Justice, Alhaji Abubarkar Malami, – Public Servant of the Year award; Member, Federal House of Representatives, Dr Ottah Francis Agbo-Lawmaker of the Year award and former Director, Corporate Communication of Central Bank of Nigeria, Mr Isaac Okoroafor-Professional Excellence in Corporate Communication.
Other awardees are Director General, NCDC, Dr Chikwe Ihekwe, Former President/ CEO Transnational Corporation of Nigeria, Konga, Heritage Bank and Keystone Bank Limited, among others
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Lagos Task Force dislodges Ikorodu roadside traders
In its continuous efforts to rid the state of the menace of street trading, operatives of the Lagos Environmental Sanitation Corps and the Kick Against Indiscipline, on Tuesday, dislodged roadside traders around Aunty Kenny in the Agric area of Ikorodu.
A statement by the Lagos State Ministry of the Environment and Water Resources said the dislodgement was part of measures to sustain zero tolerance for street trading in the state.
It read, “Operatives from the LAGESC/KAI on Tuesday dislodged recalcitrant street traders on the kerb at Aunty Kenny Agric on lkorodu Road as part of measures to sustain the zero tolerance for street trading.”
Similar enforcements were carried out on Monday at Oshodi-Mushin Road, Ojuelegba Road, Yaba-Muritala Muhammed Way, Oyingbo under the newly constructed bridge, inner and outer Marina-CMS, Victoria lsland and Lekki areas of the state, following directives of the Commissioner in the ministry, Tokunbo Wahab.
According to a statement, many of the defaulters were arrested in the course of enforcement and taken to the LAGESC/KAI headquarters where they were handed over to the appropriate section for interrogation and prosecution.
The commissioner also gave directives to operatives of LAGESC/KAI and other related agencies to sustain the dislodgment and ensure that the traders do not return to the areas
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