Fidelity Bank Plc

By Editor   |   11 May 2010   |   12:24 pm  
FIDELITY Bank Plc has announced the appointment of two experienced technocrats, Mr. Stanley Lawson and Alhaji Bashari Mohammed Gumel to join its board as independent directors.

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.

The appointment of the two has already been approved by the Central Bank of Nigeria, the apex regulatory body of the banking industry.

Lawson has had a very brilliant career in banking and the Oil & 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. In that position, Lawson was credited with having led a team that for the first time in the history of the country, raised a total of $6 billion in alternative funding for the oil industry between 2007 and 2009.

Before joining NNPC, Lawson had worked in banking for 17years and had risen to the position of Managing Director of African Express Bank (Afex Bank) between 2003 and 2004.

Lawson holds an M.Sc in Petroleum Geology and MBA in Finance from the University of Ibadan. He has attended several management and leadership programmes at some of the world’s most notable institutions including the Programme for Executives of the Carnegie Mellon University, Pittsburgh, the Programme for Executives in Oil & Gas Industry of COX School of Business, Southern Methodist University, Dallas, the Programme for Corporate Leaders of Harvard Business School, Boston, Massachusetts and the Senior Management Programme of the Wharton School of Management, University of Pennsylvania.

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.

He is also chairman, Board of Trustees of Kano Foundation, chairman, Jafa Foam Products Ltd, chairman Board of Trustees, Gumel Emirate Foundation (1996 – 2000), chairman of the Lautai Group, as well as Homellux Construction & Equipment Ltd, among others.

With these two new appointments, Fidelity has maintained a tradition of seeking out very seasoned technocrats and administrators to join her board. It is believed that the appointment of Gumel and Lawson will further enhance the leadership, which the bank is already reputed for in professionalism and sound corporate governance.



You may also like