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By Blaise Udunze
FOLLOWING the resumption of the Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, Alhaji Mohammed Lawal Balarabe, who held forte in his absence, has been appointed as the Deputy Managing Director, subject to regulatory approval.
Okonkwo had been temporarily replaced by Balarabe following his arrest by the Economic and Financial Crimes Commission (EFCC)
The bank, in a statement, described Balarabe as an erudite banker with over 24 years’ experience in corporate, commercial and retail banking. He has worked in various capacities in the financial services industry where he acquired strong strategic management, leadership and people skills.
Balarabe holds a Bachelor’s Degree in Accounting and Finance from Nottingham Trent University, United Kingdom (UK), as well as Master of Science (M.Sc.) in Finance from the University of Lagos (UNILAG). He has attended several executive education programs at the Columbia University Business School, INSEAD; Said Business School, University of Oxford; and Kellogg School of Management, among others. A licensed member of the Nigerian Stock Exchange (NSE) since 1992. Balarabe also served as Executive Director of the defunct Oceanic Bank Plc.
