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Fidelity Bank appoints two new independent directors

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May 11, 2010

In line with international best practices and in a bid to position for the next level of her business, Fidelity Bank Plc has announced the appointment of two new independent directors to its Board — Mr. Stanley Lawson and Alhaji Bashari Mohammed Gumel.

Independent Directors are board members whose appointments are based not necessarily on the volume of their shareholding but on the value that they bring to corporate governance as a result of their deep experience in various fields.According to a statement by the bank, the appointment has already been approved by the Central Bank of Nigeria, the apex regulatory body of the banking industry.

The statement reads, “Mr. Stanley Lawson has had a very brilliant career in banking and the Oil and Gas industries.  Until December last year, he was the Group Executive Director, Finance & Accounts and Chief Finance Officer of the Nigerian National Petroleum Corporation(NNPC), a position he held for five years.“On the other hand, Alhaji Bashari Gumel has had a very brilliant career in public service and corporate leadership. He was educated at Ahmadu Bello University Zaria, South Devon Technical College, Torquay England, Royal Institute of Public Administration, London, among others.

“His career in public service started with Kano State where he worked from 1968 -1980, rising to the peak of the state public service as a Permanent Secretary.  He served the nation as a member of the Constituent Assembly in 1988 – 1989.“At one time or the other, he has been a member of the Board of SCOA, National Electric Power Authority (NEPA), now Power Holding Company of Nigeria, Jigawa State Rural Electrification, where he served as Chairman.


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