Jim Ovia, the founder and group chairman of Zenith Bank, has announced his resignation from his position at the helm of affairs once his term has ended.
The bank announced the development at its ongoing 35th Annual General Meeting on Tuesday and later clarified it in a statement.
According to the bank, Ovia resigned in line with the Central Bank of Nigeria’s corporate governance requirements after serving for the mandatory 12 years as chairman and non-executive director.
The financial institution also described Ovia’s tenure as one marked by strong leadership, strategic direction, and effective board oversight.
It said, “The board expresses its deep appreciation to Mr. Jim Ovia for his outstanding service and invaluable contributions.
“His visionary leadership, unwavering commitment to good governance, and dedication to stakeholder value creation significantly strengthened the group’s strategic positioning and reputation during his tenure.
BACKSTORY…
This comes just few weeks after Zenith Bank management visited Ogun State Governor Dapo Abiodun at the Oke Mosan Government House, praising his administration for what it described as remarkable transformation across the state.
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