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Fidelity Bank Plc appoints new non-executive director

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Fidelity Bank Plc has appointed Jonathan Ososuakpor as a Non-Executive Director of the bank, taking effect from 22 May.

The bank disclosed the appointment in a statement posted on NGX Group and signed by the Fidelity Bank’s secretary, Ezinwa Unuigboje, on Monday, noting that Mr Ososuakpor can achieve the bank’s strategic objectives.

According to the statement, the appointment has been approved by the Central Bank of Nigeria, while the Securities and Exchange Commission, Nigeria Deposit Insurance Corporation, and Financial Reporting Council of Nigeria have also been notified about the appointment.

“The Board of Directors is pleased to announce the appointment of Dr. Jonathan Oniovosa Ososuakpor as a Non-Executive Director of Fidelity Bank Plc with effect from May 22, 2026.

“The appointment has been approved by the Central Bank of Nigeria, and notice of the same has been communicated to the Securities and Exchange Commission, Nigeria Deposit Insurance Corporation, and Financial Reporting Council of Nigeria.

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“The Board is pleased with the appointment and looks forward to working closely with Dr. Jonathan Oniovosa Ososuakpor to achieve the Bank’s strategic objectives,” the bank stated.

The bank said Mr Ososuakpor brings impressive cross-functional experience to the Board.

Profile

Mr Ososuakpor joins the Board of Fidelity Bank Plc with over 40 years of experience in the financial services industry, including Credit and Marketing; Retail; Consumer and Commercial Banking; Public Sector; Banking Operations; and Risk Management.

He enjoyed an illustrious banking career, which commenced in 1983 with Union Bank of Nigeria Plc and served in various capacities at notable financial institutions, including former Gateway Bank, Oceanic Bank, Ecobank Nigeria Plc, and Access Bank Plc.

Mr Ososuakpor held key leadership and management positions before he was appointed Managing Director/Chief Executive Officer of AMJU Unique Microfinance Bank Limited in 2012, a position he held until he retired from the bank in July 2025.

He was Chairman of Universal Finance Consult & Investment Limited from 2007 to 2017, and V-Capital Consulting Limited from 2015 to 2025.

He currently chairs the Board of Directors of Top Rank Oil Services Limited, a leading multifunctional engineering company providing diverse services to the nation’s Oil and Gas industry, Public and Private Sectors.

Mr Ososuakpor holds a Bachelor’s degree in Banking and Finance, and Masters Degree in Banking and Finance from the University of Benin. He also has both a Master of Science and a Doctorate Degree in Economics from Delta State University, Nigeria, and a Master of Business Administration (Finance) Degree from Bangor University, Wales, UK.

His professional qualifications include Fellowship of the Chartered Institute of Bankers of Nigeria; Institute of Credit Administration; Institute of Chartered Economists of Nigeria, and Association of Enterprise Risk Management Professionals.

He is also a Fellow of the Chartered Institute of Taxation of Nigeria; Member of the Nigeria Economic Society, and Chartered Banker Institute, Wales, UK.

READ ALSO: Fidelity Banks first quarter revenue up by 38%

The new non-executive director is also a Certified Expert in Risk Management and a key resource person at local and international training. His areas of interest include Risk Management, Data Analytics, Monetary, Macro, and Microeconomics, Financial Inclusion, and Corporate Governance.

He has attended leadership and executive development programmes at world-class institutions, including the London Business School and United Nations Institute for Training and Research.


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Business

How Your Side Hustle Income Ends Up in Your RSA

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BY NKECHI NAECHE-ESEZOBOR—The income you save through the various side hustles can be contributed into your Retirement Savings Account (RSA).

For workers in the formal sector—such as those in federal government agencies, teachers, parastatals, university lecturers, staffs etc.—this can be contributed as an additional fund via voluntary contributions.

While, for those in the informal sector—such as market women, barbers, traders, students, petty traders, shop owners, etc.—their contributions will go into their Personal Pension Plan account.

All of these must go through Pension Fund Administrators (PFAs) approved by the National Pension Commission, (PenCom).

The post How Your Side Hustle Income Ends Up in Your RSA appeared first on Business Today NG.

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Keyamo approves design for Lagos airport monorail

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Minister of Aviation and Aerospace Development Festus Keyamo has approved the design of a proposed monorail to link Ikeja Railway Station in Lagos to Murtala Muhammed International Airport (MMIA) in the state.

The project is expected to connect the airport to the Lagos Red Line rail network, providing passengers and other airport users with an alternative to road transport.

Mr Keyamo announced the approval on Tuesday after a meeting with the managing director of the Federal Airports Authority of Nigeria (FAAN), the permanent secretary of the Federal Ministry of Aviation and engineering teams from the ministry and FAAN.

In a post on X, the minister said the proposed line will have five stations, running from Ikeja Railway Station to the international airport’s Terminal 1, which is currently undergoing reconstruction.

He listed the proposed stations/stops as Ikeja Station, Domestic Airport Station, Beesam Station, Toll Gate Station and MMIA Airport Station.

“The monorail is an integral part of the reconstruction of the nation’s major gateway at the MMIA in Lagos,” Mr Keyamo said.

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The design approval follows earlier announcements by the Federal Government about plans to extend rail services from Ikeja to the airport’s domestic and international terminals.

In June, PREMIUM TIMES reported that the government was working with the Lagos State Government to extend the existing rail network to the airport and to expand connectivity.

Recently, Olubunmi Onabanjo-KukuFAAN’she managing directAN, said talks on financing the planned airport rail lint had reached an advanced stage.

Speaking at the World Aviation Festival in Lisbon, Portugal, on 18 October, Ms Onabanjo-Kuku stated that efforts were ongoing to finalise the project’s financing structure.

The planned link is expected to connect the airport’s three terminals to the Red Line as part of its wider modernisation programme.

The proposed rail connection forms part of broader efforts to upgrade facilities at the Lagos airport and improve passenger movement.

Terminal 1 of the international airport is undergoing reconstruction, while other infrastructure upgrades are intended to boost airport operations and the passenger experience.

The airport serves as a major gateway for international travel to and from Nigeria, making access to its terminals crucial for passengers and other users.


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