Fidelity Bank Director Morohunke Bammeke Steps Down After Completing Tenure

idelity Bank Announces Director’s Exit

Fidelity Bank has announced the departure of Mrs. Morohunke Bammeke from her role as Independent Non-Executive Director following the completion of her tenure.

According to a statement dated April 30, 2026, and signed by Company Secretary Ezinwa Unuigboje, her tenure officially ended on April 30, 2026.

Board Appreciates Her Contributions

During her time on the Board, Mrs. Bammeke played key roles across several committees, including:

• Board Audit Committee
• Board Information Technology Committee (Chairperson)

The Bank’s statement confirmed that her retirement was approved in line with corporate governance policy.

“Mrs. Morohunke Bammeke… will complete her tenure and step down from the Board of Directors of the Bank on April 30, 2026.”

“The Board and Management… express sincere appreciation for her outstanding contributions to the growth and development of the Bank and wish her the very best in her future endeavors.”

Her Career and Experience

Mrs. Bammeke was appointed to the Board on November 18, 2021, bringing over 36 years of experience across banking, technology, and corporate leadership.

Her career spans multiple high-level roles, including:

• Managing Director, Guaranty Trust Bank (UK) Limited
• Managing Director, Pensions Alliance Limited
• Independent Non-Executive Director, Palton Morgan Holdings

She also held senior positions at:

• GTBank Plc
• First Bank of Nigeria Plc

Her expertise covers:

• Information Technology
• Banking Operations
• Corporate and Commercial Banking
• Internal Audit

Academic and Professional Background

Mrs. Bammeke holds:

• First Class B.Sc. in Computer Science (with Economics) from Obafemi Awolowo University
• MSc in Management from London Business School

She is also:

• A Sloan Research Fellow
• A recipient of the British FCO Chevening Scholarship

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Fidelity Bank Capital Update

In a related development, Fidelity Bank recently announced the outcome of its private placement exercise.

The Bank offered 14.8 billion ordinary shares at N17.50 per share. However:

• 12.97 billion shares were successfully allotted
• Total value stood at N227.05 billion
• Subscription rate reached 87.7%

The final figures were confirmed after verification by the Central Bank of Nigeria.

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What This Means

Mrs. Bammeke’s exit marks the end of a notable chapter in Fidelity Bank’s leadership, as the institution continues to strengthen its governance structure and financial position.