Nigerian businessman, Jim Ovia, has retired from his position as the Group Chairman of Zenith Bank Plc.
Naija News reports that this was confirmed in a corporate statement released by the bank on Monday.
The statement explained that Ovia stepped down from the position following the expiration of his tenure in line with regulatory requirements.
Zenith explained that Ovia completed the mandatory 12-year tenure permitted under corporate governance guidelines for financial holding companies, non-interest banks, and payment service banks in Nigeria.
Ovia, who founded Zenith Bank and has been a central figure in its growth trajectory, was credited by the Board for providing strong leadership, strategic direction, and effective oversight throughout his time as chairman.
He is succeeded by Mustapha Bello.
Details later…
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