Fidelity Bank Vests Over 12 Million Shares to Staff Following Loan Repayments

Fidelity Bank Plc has announced the vesting of over 12 million ordinary shares to 30 employees under its Staff Share Loan Scheme, following the full repayment of loans by the beneficiaries. The vesting was finalised on June 4, 2025, transferring ownership of the shares from the Fidelity Staff Shares Account to individual staff accounts.

The bank’s internal notification listed senior and mid-level staff across various departments as beneficiaries, with vesting volumes ranging from 39,700 units to 3.5 million units. The two largest tranches—3.5 million units each—were allocated to Victor Abejegah, Jude Monye, and Emeka Philip Nwosu, reflecting notable stakes in the bank’s equity.

 

Other significant allocations included:

 

626,295 shares to AnthonIa Nwaja Onyekwere

 

722,217 shares each to Emmanuel Augustine Ameh, Ngozi Chioma Nwankwo, and Joy Nnenna Ubbaonu

 

387,044 shares each to several staff members including Charles Dawam, Hannatu Ayuba, and Mark Adiele Udorie

 

The vesting follows Fidelity Bank’s internal governance policies encouraging employee investment in the company’s growth and long-term stability. It is seen as a strategy to strengthen employee retention and deepen alignment between staff performance and shareholder value creation.

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