Jim Ovia, wey be founder and Group Chairman of Zenith Bank Plc, don retire as chairman. The retirement come after im tenure finish according to regulatory requirements. The bank announce this retirement for one corporate notice wey dem issue for Lagos on May 5, 2026.
According to the notice, Ovia don complete the mandatory 12-year tenure wey corporate governance guidelines allow for financial holding companies, non-interest banks, and payment service banks for Nigeria. As founder, Ovia don be central figure for the bank growth trajectory. The Board credit am for providing strong leadership, strategic direction, and effective oversight throughout im time as chairman.
The bank note say im commitment to governance standards and stakeholder value creation significantly enhance the Group positioning and reputation for the financial services sector. Ovia retirement come as part of normal regulatory cycle wey dey ensure fresh leadership and compliance with governance rules.
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