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Fidelity Bank Vests Over 45.9 Million Shares to Employees Following Full Loan Repayment

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Fidelity Bank Plc has officially vested a total of 45,999,797 shares to twelve members of its staff following the full repayment of their staff share loans.

According to a notification signed by Ezinwa Unuigboje, Company Secretary, the shares were transferred from the Fidelity Staff Shares Account to the eligible employees in accordance with the terms of the bank’s Staff Share Loan Scheme.

Among the beneficiaries, Mr. Ugwuoke Kevin received the largest allotment with 39,106,145 units vested. Mr. Opara Kenneth Onyewuchi followed with 5,000,000 units.

Other notable recipients include Mr. Nnaji Michael (722,217 units), Mr. Odubanjo Omobolaji (505,854 units) and Mr. Sylvester Ibekwe (96,600 units).

The complete list of employees and the number of shares vested are as follows:

  1. Animasahun Olugbenga Samuel – 39,773 units

  2. Akhihiero Sherry – 181,588 units

  3. Nnaji Michael – 722,217 units

  4. Ekhayemhe Sule – 39,773 units

  5. Ugwuoke Kevin – 39,106,145 units

  6. Thomas Adebisi Oluwakemi F. – 39,770 units

  7. Abdul Hauwa – 42,417 units

  8. Offor Sylvia A. – 181,588 units

  9. Odubanjo Omobolaji – 505,854 units

  10. Nwangwu Stella – 44,072 units

  11. Sylvester Ibekwe – 96,600 units

  12. Opara Kenneth Onyewuchi – 5,000,000 units

Fidelity Bank’s Staff Share Loan Scheme is designed to foster financial inclusion, motivate staff performance and align employee interests with the long-term objectives of the organization.

By enabling employees to acquire and own equity in the institution, the program reinforces a culture of accountability and shared value.

The vesting of nearly 46 million shares highlights the bank’s commitment to rewarding staff who meet their financial obligations and contribute to the company’s sustained performance.

Fidelity Bank remains one of Nigeria’s top-tier financial institutions, actively expanding its retail and digital banking footprint while promoting inclusive banking and employee development.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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