The new Managing Director/CEO of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has promised to maintain the culture of steady dividend payment the bank has been known for over the years.
He made the promise at the valedictory/welcome dinner organised by the bank for him and the out-going CEO, Mr. Reginald Ihejiahi, in Lagos.
Affirming that Fidelity Bank is known for delivering unequalled value to its shareholders, Okonkwo stated that the bank has paid dividends in the last eight years without fail, saying that the bank under his management does not intend to discontinue the culture.
He said, “When shareholders invest in a company, they do so because they expect a return, and this can only come from the strength of the company’s revenue; the kind of revenue that pays your bills as well as return in profit.
In actual sense, our vision is to make sure that they not only get dividend, but that they are paid higher than what they have been getting in the past.”
Applauding his predecessor, the CEO said that stepping into his shoes was not a mean task, but promised to consolidate on his achievements, saying, “I have told them that I will take the bank to a kind of level that when they look back five years from now, they will realise that they have not laboured in vain. To that I will be committed and deliver.”
“If I was going into a troubled bank, any little thing I do, people will say that magician has come, but now that the bank is strong, it will not be easy, but I am excited that he has laid a solid foundation for me,” he added.
He thanked the Board for choosing him from many other options they had, promising to ride on the strong and experienced team of management and staff to deliver expected result.
“I am not just making empty promises.
I know this because I have strong and dedicated team behind me. We will draw on our youthful strength, team spirit and tenacity to give you a bank that shareholders will be proud of,” he further assured.
Speaking, Ihejiahi expressed optimism that the bank would record even greater strides under the leadership of the new CEO, while attributing his success while in office to support to support from the Board of Directors.
He noted that his career benefited from benevolence of people he met during his career, who gave him the chance to succeed.
In his remarks, the Chairman, Christopher Eze, said, “In our view, no honour done Reginald will be undesirable. He led the banking the most critical time in banking landscape, not just in Nigeria, but globally. He was always there to implement the Board decision. He led the bank through major capital restructuring to ensure that the bank grew stronger and stronger.”