Ovia back as Zenith Bank chairman




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Four years after retiring as the Executive Officer (CEO) one Nigeria’s leading financial institutions, Zenith Bank PLC, Mr Jim Ovia, the bank’s pioneer Managing Director and CEO has been as the the Board of Directors and non-executive Director of the bank.
Mr Ovia the Executive the bank 1990 to 2010 when he compelled by the Central Bank Nigeria to step down following a directive limiting the tenure bank chiefs to 10 years.
He follows the footstep Mr Akinsola Akinfemiwa who returned to the banking industry as the Heritage Bank Plc 2013. Mr Akinfemiwa also had to retire as the Managing Director Skye Bank Plc due to the policy.
The Managing Director of Zenith Bank, Mr Peter Amangbo a statement announced the appointment of Jim Ovia. He replaces Mr Steve Omojafor who the bank resigned last month. The statement also added that the appointment had been approved by the Central Bank of Nigeria.Ovia’s appointment takes effect on July 16, 2014.
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Jim Ovia, 60, ranked 30 in Ventures Africa’s The Richest People in Africa. The founder and largest individual shareholder of Zenith Bank, he made his fortune providing financial to Nigeria’s richest middle class.
Zenith Bank also announced the appointment Mr Olusola Oladipo as an Executive Director. Mr Oladipo, who joined the bank in 1995 in 1995 having previously worked in First City Monument Bank (FCMB) and Prime Merchant Bank Ltd, has been a member of the senior of the Bank since June 2003. Prior his new appointment, he was the bank’s General Manager and Group Zonal Head. (VENTURES AFRICA)
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