Written by Godfrey AKON

Fidelity Bank appoints Inuwa independent non-executive director

Fidelity Bank Plc has appointed Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the bank with effect from January 22, 2020.

The bank, in a statement by its Head of Corporate Communication, Ejike Ndiulu, said its Board of Directors has notified the Nigerian Stock Exchange, NSE, of the appointment, which was earlier approved by the Central Bank of Nigeria, CBN.

Inuwa joins the versatile Board of Fidelity Bank chaired by Mr. Ernest Ebi, a former Deputy Governor of the CBN, and comes with a wealth of multi-industry experience spanning over 35 years in the banking and oil and gas industries. 

Laying out his bulk of experience, the bank noted that he statutorily retired in June 2019 as Chief Operating Officer/Group Executive Director, Corporate Services at the Nigerian National Petroleum Corporation, NNPC, where he worked for over a decade.

“While at NNPC he was seconded to Nigerian Liquefied and Natural Gas Limited (NLNG) in 2016 as Deputy Managing Director. As the DMD of NLNG, he served on the board of NLNG and NLNG subsidiaries including Bonny Gas Transport Limited (BGTL) and NLNG Ship Management Limited (NSML).

“He was at various times a Member of the Governing Council of the Nigerian Content Development and Management Board (NCDMB), the Petroleum Training Institute, Chairman of Nigerian Pipelines and Products Storage Company Limited (NPSC) and Alternate Chairman of NNPC LNG Limited, amongst others.

“Inuwa’s experience in the financial services industry, spans across Commercial Banking, Merchant Banking and Development Finance, with requisite knowledge and experience in retail and commercial banking, operations, international trade finance, agricultural finance, treasury and corporate banking.

 

“He started out as a banker with Union Bank of Nigeria Plc where he did his mandatory youth service programme and worked at the defunct Bank for Credit and Commerce International, BCCI, and International Merchant Bank, IMB. Inuwa rose to the pinnacle of the banking profession with his appointment as Managing Director, Intercity Bank Plc, in 1991.

“Upon leaving Intercity Bank, he worked briefly as a self-employed financial consultant, providing research and advisory services in project finance, process re-engineering, strategy development and public policy impact analysis, before being appointed through a formal selection process, as Executive Director, Operations, Bank of Agriculture (BoA) in 2005.

“Alhaji Isa Inuwa has an active community and public service life. He was a member of the Presidential Committee on the management of the Excess Crude Account and a Member of the Bureau of Public Enterprises Committee on Reconciliation of Public Sector Debt.

“Born in Kano, Inuwa was educated at Ahmadu Bello University, Zaria and Stirling University, Scotland where he obtained BSc Accounting and MSc Accounting & Finance degrees respectively.  Married with children and a grandchild, he has attended several courses and executive management programmes at Wharton, Oxford University, Euromoney, INSEAD, IMD and other high profile global institutions.

“We could not have made a better choice in Inuwa, given his pedigree and experience, a significant portion of which was in executive and strategic roles covering management, finance, strategy, corporate services, compliance, audit and Information Technology. We look forward to his contributions even as we remain focused on the pursuit of our strategic growth plans,” the bank said.

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