Fidelity Bank Plc announced that following the arrest of its Managing Director/Chief Executive Officer (MD/CEO), Mr. Nnamdi Okonkwo, by the Economic and Financial Crimes Commission (EFCC), the company announced the appointment of its Executive Director North, Alhaji Mohammed Lawal Balarabe, as its acting MD/CEO with immediate effect subject to regulatory approval. The appointment was announced after a board meeting which ended on May 2, 2016.