Against the backdrop of high-profile and
sophisticated online attacks on large commercial banks, Directors of listed and
private companies in the country have been advised to take active roles in
their respective organization’s cybersecurity framework and operations. The
Chairman, Board of Directors of Fidelity Bank Plc, Ernest Ebi gave the counsel
at the 2019 Bank Directors’ Association of Nigeria (BDAN) Conference on
Cybersecurity held in Lagos.
Whilst stating that organisations have become
completely dependent on cyber networks to run their processes, Ebi pointed out
that Boards need to understand and approach cybersecurity from enterprise-wide
risk perspectives rather than Information Technology (IT). He said rapidly
evolving data breaches and attacks have caused significant financial and
reputational damage to many organisations. “The Board should develop expertise
on cyber risk. Cybersecurity must be a constant on the Board’s agenda”, he
President, Governing Council of BDAN,
OsaretinDemuren recognised the importance of information sharing in tackling
the growing menace of cybercrime. Demuren noted that sharing of relevant
information amongst stakeholders in the financial services industry would help
demystify the activities of hackers and cyber criminals. This, she added will
make them less effective in perpetuating their nefarious deeds. “Cyber security
is one of the top risks that is being faced not just in the financial sector,
but in all sectors of the economy.
“However the impact is more felt in the financial
sector, because once you hack into one, all the others are open. So, it is very
important that people are aware of cyber risk and the damage it can do to
businesses”, She explained. Emphasising the importance of the Board in an
organisation’s cybersecurity posture particularly in relation to protecting
shareholder value, Partner and Head of Technology Advisory Practice &
Markets, KPMG, Joseph Tegbe said the board must do all it can to mitigate risk for
consumers and shareholders.
Tegbe, in his keynote address, said the Boards should be held responsible and accountable for cyber breaches. “Managing cyber risk should be a Board priority. Boards must develop requisite capacity to ask the right questions from Management”, he explained. He also advised organisations to conduct cybersecurity assessment to help reduce risk, minimize breach impact, and protect against future attacks. “Building cybersecurity capabilities for banks must be strategic. We must be proactive and not reactive”, he added. The conference themed “Cybersecurity in Banks: The Role of the Board” featured a panel session with cybersecurity experts, who shared their unique perspectives on how the menace of cybercrime particularly within Banks can be nipped in the bud. Some of the panelist include: Managing Director/Chief Executive Officer, Digital Jewels Limited, Adedoyin Odunfa; Founder, Computer Warehouse Group Plc, Austin Okere; Chief Strategy Officer & Cyber Risk Services Leader, Deloitte West Africa, Tope Aladenusi, amongst others.
part of corporate realignment and repositioning for the next growth phase, the
Board of Directors of Fidelity Bank Plc has announced the appointment of three
new Executive Directors. The Board which met in Lagos recently, approved the
appointment of Gbolahan Joshua as Executive Director/Chief Operations and
Information Officer; ObaroOdeghe, Executive Director, Corporate Bank and Hassan
Imman, Executive Director, Northern Directorate, subject to the approval of the
Central Bank of Nigeria (CBN).
will have executive responsibilities for Operations, Technology, Digital
Banking, Investor Relations, Strategy and Business Transformation. ObaroOdeghe
on his part will oversee all the bank’s corporate banking business covering
Energy, Power, Manufacturing, Telecoms, Fast Moving Consumer Goods,
Construction and Real Estate. Hassan will supervise all Commercial, SME,
Consumer and Public Sector businesses of Fidelity Bank in the North
Directorate, comprising 18 states and Abuja.
The elevation of the 3 erstwhile General Managers to Executive Director positions, is consistent with the bank’s new succession strategy of grooming leaders from within. “Over the years, we have worked assiduously at proactively preparing our people and growing the talent and leadership pool in the bank, so that when opportunities arise, we do not always have to look outside. I am most delighted that our 3 new EDs were all appointed from within” said Fidelity Bank CEO, Mr.NnamdiOkonkwo. The strong and cohesive Board of Directors of Fidelity Bank led by Mr. Ernest Ebi, former Deputy Governor, CBN as Chairman, has 3 female Executive Directors; the largest on any bank Board and is comprised of seasoned businessmen/technocrats as members. “We welcome Gbolahan, Obaro and Hassan to the Board. Collectively they have with them, varied and deep industry knowledge and relevant experiences that will not only deepen but engender even more robust discussions and engagements at Board level. Please join me in congratulating them” said Chairman, Fidelity Bank, Mr.Ebi.
Gbolahan attended Kings College Lagos and holds a Bachelor’s Degree in Accounting. He is a Chartered Accountant and has attended several executive and banking specific programs in leading educational and professional institutions including Harvard, IMD, and Euromoney. He has 20 years of comprehensive experience across various areas of Assurance and Banking including, Operations, Technology, Digital Banking, Strategy, Business Transformation, Finance, Treasury, Mergers and Acquisitions
Obaro attended Edo College Benin and holds a Bachelor’s Degree in Agriculture and an MBA. He has gained exposures from top global educational and professional institutions including Harvard, Wharton and Kelloggs. He has 24 years of banking experience across various areas of Banking including; Corporate Banking, Commercial Banking, SMEs, Consumer Banking, Institutional Banking, Trade Finance and Operations.
on his part, holds a Bachelor’s Degree in Economics, has two Masters’ Degrees
and an MBA. He has attended programs in Harvard, Stanford, Wharton and other
leading international educational and professional institutions. He has 25
years of comprehensive experience across various areas of Banking including;
Commercial Banking, Consumer Banking, SMEs, Institutional Banking, Trade
Finance, Operations, Treasury and Risk Management.
Bank is a full-fledged commercial bank operating in Nigeria, with over 4.2
million customers who are serviced across its 240 business offices and various
other digital banking channels. Focused on select niche Corporate Banking
sectors as well as Micro Small and Medium Enterprises (MSMEs), Fidelity Bank is
rapidly implementing a digital based retail banking strategy which has resulted
in an exponential growth in deposits and a corresponding surge in customer
enrollment on the bank’s flagship mobile/internet banking products.
Fidelity Bank Plc, in a clear demonstration
of its resilience and stability, has announced an impressive financial result
for the year-ended December 31, 2018. The performance which capped a remarkable
year, showed strong growth in Gross Earnings, Profits and other key financial
top Nigerian lender which has become the clear leader among Tier 2 banks,
posted a 4.8% growth in Gross Earnings from N180.2BN to N188.9BN whilst Profit
Before Tax soared by 30.6% to N25.1BN, when compared with the 19.2BN it
recorded in 2017.
After Tax grew by 29% from N17,7BN in 2017 to N22.9BN in 2018, whilst Operating
Income rose by 13.9% from N85.9BN to N97.2BN. Customer Deposit, which is a
measure of consumer confidence rose by 26.3% from N775.2BN to N979.4BN just as
Total Assets grew by 24% from N1.4TRN to N1.7TRN.
other indices, Non-Performing Loans (NPLs) Ratio dropped to 5.7 percent from
6.4 percent in the 2017FY due to a combination of recoveries, loan write-offs
and the absolute growth in the loan book. Other Regulatory Ratios remained
above the required thresholds with Capital Adequacy Ratio (CAR) at 16.7 percent
and Liquidity Ratio at 39.0 percent.
by the strong results, Fidelity Bank is proposing a N3.2BN payout which
translated to11 kobo dividend to shareholders.
are delighted by our 2018 numbers, which clearly shows a sustained performance
trajectory. We are growing our market share with continued traction in our
chosen business segments. We recoded double digits growth in interest income on
our liquid assets, digital banking, FX and other income lines” said Fidelity
Bank CEO, NnamdiOkonkwo.
seen in recent years, the bank’s digital retail banking approach has continued
to yield positive results. Savings recorded its 5th consecutive year
of double digit growth with a 27.7 % increase to peak at N228BN. “Savings
accounts for over 23 % of our Total Deposits, an attestation of our increasing
market share in the retail segment”, he stated.
was also very enthused with the progress of its digital banking play stating
that over 42% of customers are now enrolled on the bank’s mobile/ internet
banking products and more than 81 % of total transactions done on digital
platforms, resulting in 25% of fee-based income, coming from digital banking.
Fidelity Bank Plc
Bank is a full-fledged commercial bank operating in Nigeria, with over 4.2
million customers who are serviced across its 240 business offices and various
other digital banking channels. The bank has in recent times won accolades as
the Best SME Friendly Bank, Best in Mobile Banking and the Most Improved
Corporate/Investment Bank among several industry awards and recognitions. The
bank was also ranked the 4th Best Bank in the Retail Banking Segment in the
2017 Banking Industry Satisfaction Survey conducted by KPMG.
on select niche corporate banking sectors as well as Micro Small and Medium
Enterprises (MSMEs), Fidelity Bank is rapidly implementing a digital based
retail banking strategy which has resulted in an exponential growth in savings
deposits over the last 3 years and a corresponding surge in customer enrolment
on the bank’s flagship mobile/internet banking products.
COMMUNIQUÉ ISSUED ON, THURSDAY, FEBRUARY 21ST 2019 AT AN EMERGENCY MEETING OF IGBO STAKEHOLDERS AT ENUGU
Ohanaeze Ndigbo Worldwide in collaboration with Alaigbo Development Foundation (ADF) convened an emergency meeting of Igbo Stakeholders today, February 21st 2019 at Enugu, the aim of which is to exhaustively review recent events in the Nigerian polity as they relate to Ndigbo in particular, especially in the aftermath of the postponement of the Presidential and National Assembly elections in the country; And to express the solidarity and commitment of all Pan-Igbo groups and stakeholders to work together in view of the dire situation facing Nigeria in general and Ndigbo in particular. Despite the extreme shortness of the invitation worthy Igbo sons and daughters thronged the venue and agreed as follows:
All pan-Igbo organizations and stakeholders including IPoB and MASSOB commit to work together in the spirit of onye-aghana-nwanneya even in the face of existential threat confronting us as a people.
We view with utmost concern the explosive political situation in Nigeria as it appears the country is sliding downhill and this portends greater danger of collective immolation with catastrophic consequences for the country.
We urge all Ndigbo in their various places of abode in Nigeria and elsewhere to continue to live in orderly and peaceful co-existence with their neighbours in the manner we are well-known as a people but refuse to be intimidated by anybody.
We agree that the irreducible minimum for Ndigbo that will be acceptable for their continued participation in the Nigerian enterprise will be a renegotiated and restructured Nigeria based on EQUALITY, EQUITY and JUSTICE and for the component regions and individuals who will live under it authority. It must be one that ensures SELF-DETERMINATION for the various nationalities, regional autonomy and freedom of the component regions to manage and control their political environment and resources. and worship their God without let or hindrance, consequently our demand for the total restructuring of the Nigerian polity as encapsulated in the Ekwueme Square Awka Declaration by Ohanaeze Ndigbo Worldwide and its ADF-facilitated Enugu affirmation endorsed by many Igbo groups, remain the best framework for a workable Nigerian state and we stand by those declarations at all times.
We note that only one political party, has so far committed to the Restructuring of Nigeria, based on the manifesto released by the presidential candidate of the Peoples Democratic Party (PDP) that meets substantially the demands for a just society where ethnicities, regions and sections of society are allowed to relate as they wish, make progress at their own pace, without interference by the others.
Therefore Ndigbo, reiterate our unequivocal support and endorsement for the Atiku/Obi presidential ticket as already announced by the national leadership of Ohanaeze Ndigbo Worldwide, Alaigbo Development Foundation, (ADF, and other Igbo interest groups like the Association of South-East Town Unions (ASETU), etc.
That we call on all Igbo registered voters both at home and outside the Igbo homeland to come out enmasse join all patriotic Nigerians of other ethnic nationalities and vote for the Atiku/Obi ticket. This election is our collective struggle for freedom and we must count it all joy to be part of history.
We note with great disappointment the inciting comments by certain persons in authority, which directly fuel security concerns about the safety of Ndigbo, both inside and outside Igbo land, both during and after the general elections. We also note the proliferating presence of able bodied young men of questionable intent, doing no serious business, who have flooded all nooks and crannies of our homeland.
We urge all town Unions in Igboland to be very vigilante to monitor and control the movement and activities of all persons in their domain and report all untoward activities to the appropriate quarters for analysis and action.
We urge Ndigbo in their places of abode in Nigeria and elsewhere, to continue to live peaceably and go about their civic duties in an orderly and exemplary manner, for which we are well known, but refuse to be intimidated by anybody.
We note with great apprehension, the massive mobilization and deployment of soldiers within all enclaves in Igboland; we also note that there is no constitutional provision for the deployment of soldiers for electioneering purposes and therefore advise that every effort must be made to ensure that these soldiers do not engage in the harassment of the public going about their lawful civic responsibilities.
We call on all Ndigbo, the International community and election observers to join us in monitoring the activities of these soldiers during this period to ensure that all their activities are strictly in accordance with the Law.
That no one should doubt the resolve of Ndigbo to hold every corporate and individual miscreant personally responsible for any unlawful conducts and pursue such with every resource at our disposal and for however long it will take us, at international levels.
That a Situation Room has been set up to collate all data and information, graphic and otherwise arising from any misconduct.
That a special committee of experts have also been set up to sort, analyze and categorize the information collated for actionable responses.
That we condemn, in its entirety, the manner in which the elections were postponed by INEC. This has had deleterious impact on our national economy.
That we call on the Federal Government to ensure the safety of Ndigbo especially those living in northern Nigeria and other parts of the country; and call to order any public officer that may, through words or actions, be promoting violence.
Finally, we commend the avowed interest of the international community in having credible elections in Nigeria. As Ndigbo, we invite their direct humanitarian intervention in whatever ways that the need may arise in Nigeria.
Our attention has been drawn to a highly mischievous publication being circulated online by the notorious blackmailer and fake news purveyor called Fabian Ihekwueme alias “Omu”, wherein he maliciously credited a false statement to the Imo PDP governorship flag bearer, Rt. Hon Emeka Ihedioha allegedly discrediting Catholic Priests and indeed our very revered and most respected Arch. Bishop of the Owerri Catholic Arch Diocese, The Most Rev. A. J. V. Obinna.
Obviously, this publication is coming from the enemy camp that has become increasingly frustrated by the souring popularity and wide acceptance of Hon Ihedioha across the state, beyond denominations and particularly the Catholic Church and Its hierarchy.
For the avoidance of doubt Rt. Hon Emeka Ihedioha holds Arch Bishop Obinna, the Catholic Priests and the entire body of the Catholic Church in very high esteem and enjoys a symbiotic and cordial relationship with them. There has never been and will never be an event, circumstance or venue where such anti-Christ statement would emanate from Rt. Hon. Emeka Ihedioha whose Christian background and respect for the Church and its leaders has never been in question.
Sadly, the originator Fabian Ihekwueme is known to be a man without honour, who takes delight in peddling fake news. Fabian Ihekwueme is notorious for using blackmail as his only stock in trade to earn meal tickets in the hands of any willing politician who guarantees him the next meal. Remarkably, the shameless Fabian Ihekwueme did not quote any date, event, occasion or encounter where the falsely attributed statement was made.
This latest fake news by Fabian Ihekwueme who purports to be the Director New Media and Strategic Communication to the APC Governorship candidate exposes the deep frustration of his group after many deliberate attempts to distract the momentum of Hon. Ihedioha whose character they have found difficult to impugn throughout the course of the electioneering campaigns.
We therefore enjoin our increasing supporters to disregard the malicious statement orchestrated by those who do not wish Imo well. We urge Imo people to rather focus their attention on the desires of Imo people in their main objective to elect a man with a proven character and track record as their governor whom they can repose absolute trust to rebuild and transform the state.
We enjoin Imolites to use the upcoming season to pray for our dear state and come out en mass to vote for the PDP come 23rd February and 9th March, 2019, so that together we shall rebuild our dear state.
Long live PDP Long live Imo State
Signed Kissinger Ikeokwu Esq. Spokesperson, Ihedioha Campaign Organisation
general elections are by the corner. We praise and give thanks to God for his
love for us, which is without end. Expectedly, there is a lot of anxiety. We
are right to feel a sense of trepidation largely because of where we have come
from in the last few years. However, in spite of everything, we have remained
united in prayers for a new dawn for our nation. ”Our hope does not disappoint
us because the love of God has been poured into our hearts” (Rom.5.5)
elections should therefore be for us a time for sober reflection on our future
as a people. We should further reflect on how to keep our country and our
people united and peaceful. With the resources available to us as a country, we
can achieve this. The world is looking up to us and expecting much from us.
give us an opportunity to assess those who want to govern us. We must therefore
think very carefully, because electing our leaders comes with moral obligations
and responsibilities. We wish to appeal to our fellow citizens to please put
cynicism aside and go out to cast their votes on election day, guided by their
further appeal to the Security Agencies and INEC to rise up to their duties and
responsibilities to ensure that we have peaceful, free, fair and credible
elections. We nevertheless reiterate that the primary responsibility for this
lies with the government. We are encouraged by the recent declaration of the
President in this regard.
future depends on this and we urge the relevant bodies to put our nation before
any other consideration.
we invite our fellow countrymen and women to turn to God in these trying times.
We know that God has shown and continues to show His love and care for us. Let
us continue in prayer for our brothers and sisters who are in politics,
especially those of them who are seeking elective positions. They have offered
themselves tous to consider them for public service (cf 1. Tim. 2:1-2). And to those
our brothers and sisters either already in office or seeking tobe elected, we
say, be effective witnesses to TRUTH and LIGHT for the common good otherwise we
invite you to bow out.
of the power of prayers in times like these, we therefore direct all Catholics
to fast and pray (especially the Holy Rosary) for three days; 13-15 February
2019. We entrust our nation to the maternal protection of Our Lady, Queen of
Nigeria and Queen of Peace.
Most Rev. Camillus Umoh