Keystone Bank appoints Muhammad new Managing Director •Fidelity Bank begins 25th anniversary with savings promo

Keystone Bank has appointed Dr Shehu K. Muhammad as its new Acting Managing Director/Chief Executive Officer. This follows the resignation of Mr Oti Ikomi on Thursday October 11. Until his appointment, Dr Muhammad was Executive Director, Corporate Banking in the bank.

A statement from the bank made available to Tribune Business in Lagos said the decision was taken at the end of the Board of Directors meeting held on Friday in Lagos. The board also accepted the resignation of Mr Oti Ikomi,and wished him well in his future endeavour.

Dr Muhammad, an astute and experienced banker, holds a Ph.D in Development Economics from Universite de Granoble II, France (1989), an MBA and a B.Sc. degree in Business Administration both from the Ahmadu Bello University, Zaria, Nigeria (1983 and 1979 respectively).

Dr Muhammad brings to Keystone Bank, robust intellectual capital, strong management consultancy skills and extensive commercial banking experience acquired over 18 years of engagement at ICON Limited (Merchant Bankers) Bank of the North Limited and Unity Bank Plc, with hands-on competences in strategy development, corporate planning, corporate banking, treasury marketing, and product development.

Meanwhile, Fidelity Bank has begun a series of activities to mark its 25th Anniversary which will hold early next year. Top on the list is a gift splash to reward members of the public who open savings accounts with the bank within the period or add money to their existing accounts.

 Among the items to be won are a total of 25 Hyundai Accent cars, N25 million cash, 250 generating sets, 250 Blackberry smart phones. The instant prizes for people who open accounts or top up their existing accounts include DSTV Driftas, Genesis Cinema tickets, notebooks, biro and pens.

 According to the General Manager in charge of Lagos branches, Mr Obioha Obiagwu, the cars and cash savings splash were some of the ways the bank would be appreciating numerous customers who had remained faithful and loyal to the bank. 

 Unveiling the promo, he traced the history of the bank from when it was just a one branch Merchant Bank in 1988 to when the bank converted to commercial banking in 1999 and then became a Universal Bank two years later, and the subsequent consolidation with two other banks under the Fidelity brand name in December 2005. 

He observed that the bank had made giant strides, with nearly 200 branches spread across all states and commercial cities of the country.


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Keystone Bank appoints Muhammad new Managing Director •Fidelity Bank begins 25th anniversary with savings promo