Fidelity Bank Plc awarded 30,332,098 share units to its staff. The allocation involved 12 total employees. The total value of the awarded shares reached N661.24 million.
Three Executive Directors—Amuchie Stanley, Garba Ibrahim Sufiyanu, and Shodipo Pamela—received 97.1% of the allocation. This executive portion accounts for N642.01 million of the total award. The bank designed this scheme to align management interests with long-term shareholder value.
Managing Director Nneka Onyeali-Ikpe cited a successful recapitalization program as a driver for future growth. However, Fidelity Bank’s stock has returned only 14.75% year-to-date. The NGX-All Share Index outperformed the bank with a 58.20% return in the same period. Profit after tax for the first quarter of 2026 fell by 18.25% compared to 2025.