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Peter Obi and Fidelity Bank Ownership: Debunking the Myth

by Vicky Oselumese
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Peter Obi and Fidelity Bank Ownership

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Peter Obi, a prominent figure in Nigerian business and politics, gained even more attention during the 2023 presidential election.

His declaration of interest in the presidency garnered significant support from Nigerians.

However, as is common in Nigeria, public figures often face scrutiny and questions about their wealth and achievements.

Is Peter Obi The Owner Of Fidelity Bank

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Before delving into those questions, it is important to understand who Peter Obi is.

Peter Gregory Obi was born on July 19, 1961, in Onitsha, Anambra State, Nigeria.

He hails from Agulu in the Anaocha Local Government Area of Anambra State.

Peter attended the prestigious Christ the King College in Onitsha and later pursued higher education at the University of Nsukka, where he graduated with a bachelor’s degree in Philosophy in 1984.

Following his undergraduate studies, he sought further knowledge in business, politics, and other fields related to humanity.

He participated in a Chief Executive Program at the Lagos Business School and obtained various certificates in business and management from renowned international institutions.

It is important to note that Peter Obi’s story is incomplete without mentioning his political career.

He served as the governor of Anambra State for three non-consecutive terms between 2006 and 2014.

But Is Peter Obi The Owner Of Fidelity Bank

is Peter Obi the owner of Fidelity Bank

As a prominent figure in Nigeria, Obi has obtained certifications from various international institutions, including Columbia Business School, Institute for Management Development, London School of Economics, Kellogg Graduate School of Management, Oxford University, and Cambridge University.

These certifications attest to his knowledge and expertise in business and management.

While Peter Obi has served as the Chairman of Fidelity Bank and is a major stakeholder in the bank, he is not the owner.

The ownership of Fidelity Bank lies with foreign investors from Ghana.

In addition to his involvement with Fidelity Bank, Peter Obi has held executive positions in other notable organizations and is a member of various renowned associations related to business, finance, economy, and politics.

Businesses Owned By Peter Obi

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Peter Obi, a successful businessman, has established several businesses and made valuable investments both in Nigeria and abroad.

One of his ventures is a family-owned supermarket chain that operates in three states in Nigeria: Abuja, Anambra, and Lagos.

Additionally, he has investments in various financial institutions in the form of shares and other monetary commodities.

Peter Obi also owns multinational businesses such as Ovaltine and South African International Breweries.

Furthermore, he is the owner of Next Shopping Center, which is one of the largest malls in Abuja, Nigeria.

As a former governor, he has also benefited from monthly allowances and other financial benefits meant for ex-governors, which have contributed to his net worth.

In addition to his businesses, Peter Obi owns luxurious properties within and outside of Nigeria, as well as exotic cars, although he tends to keep his wealth hidden due to his modest nature.

This showcases his knowledge in finance and business, as well as his commitment to modesty as a wealthy individual.

In terms of his political career, Peter Obi was the presidential candidate of the Labour Party and actively campaigned in various states across Nigeria.

This article was updated 5 months ago

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