Fidelity Bank Appoints Chike-Obi Board Chairman Ebi, Adetu step down Obinna Chima Fidelity Bank Plc yesterday announced the appointment of Mr. Mustafa Chike-Obi as the new chairman of its Board of Directors.
The bank, in a statement, said the current Chairman, Mr. Ernest Ebi, having successfully completed his tenure in accordance with its internal governance policy would be stepping down from the board.
Ebi is, however, expected to continue in the role until the in-coming chairman assumes office, as part of the process of ensuring a smooth and successful transition. Also, the bank announced
that another member of its board, Mr. Seni Adetu, who had been serving as an Independent NonExecutive Director, having also successfully completed his tenure in accordance with
its internal governance policy would be stepping down from the board. “Under the chairmanship of Mr. Ernest Ebi, the bank Continued on page 10
Chike-Obi
Aig-Imoukhuede Establishes ‘Adopt-a-Health-Facility Programme’ Initiative... Page 10 Monday 6 July, 2020 Vol 25. No 9219. Price: N250
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COVID-19 Raises Nigeria’s e-Payment Transactions to N11.7tn, Says Report FG cautions churches against reckless confidence over virus 544 new cases move tally to 28,711 with 11,655 discharged, 645 dead Jonathan, Kenyatta rally support against pandemic, terrorism Reopening schools unsafe, dangerous, ANAP insists Ghanaian president self-quarantines after exposure to patient Obinna Chima, Martins Ifijeh in Lagos and Onyebuchi Ezigbo in Abuja The value of electronic payment transactions through the point of sale (PoS) terminals, Nigeria Interbank Settlement System Instant Payment (NIP) and Electronic Fund Transfer (NEFT) increased significantly by 82
per cent to N11.676 trillion in May 2020, compared with the N6.421 trillion recorded in April 2020. The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, attributed this to the impact of COVID-19 in a report he presented at the Lagos Continued on page 8
APC Govs, Tinubu to Meet to Plot Ize-Iyamu’s Victory PDP carpets ruling party over Hushpuppi Davidson Iriekpen in Lagos, Iyobosa Uwugiaren and Chuks Okocha in Abuja Ahead of the September 19 governorship election in Edo State, governors elected on the platform of the All Progressives Congress (APC), a national leader of the party, Senator
Bola Tinubu, and other leaders are billed to meet soon to strategise on how to ensure victory for the party's governorship candidate, Mr. Osagie Ize-Iyamu, a source close to the party’s hierarchy told THISDAY at the weekend. Continued on page 8
WE SHARE YOUR GRIEF... Ekiti State Governor, Dr. Kayode Fayemi (left), and Senior Pastor, Trinity House, Pastor Ituah Ighodalo, during the governor’s visit to the pastor on the death of his wife, Ibidunni, in Lagos…recently
Anxiety over Fate of Ondo Dep Gov as Assembly Reconvenes Today... Page 5