Nigeria: Zenith Bank Appoints Mustafa Bello As Jim Ovia Retires As Group Chairman
The bank said Bello will ensure continuity after Ovia completed 12 years under Central Bank of Nigeria governance rules.
- On Tuesday, Zenith Bank announced the retirement of Founder and Group Chairman Jim Ovia CFR, appointing Engr. Mustafa Bello as his successor to lead the board.
- This leadership transition follows the expiration of Ovia's tenure in compliance with the Central Bank of Nigeria Corporate Governance Guidelines after he served the mandatory 12 years.
- Zenith Bank stated that Ovia's "visionary leadership, unwavering commitment to good governance, and dedication to stakeholders' value creation significantly strengthened the Group's strategic positioning and reputation during his tenure."
- Bello, the board's longest-serving director since December 29, 2017, brings extensive experience, having previously served as Federal Minister of Commerce and Chief Executive Officer of the Nigerian Investments Promotion Commission.
- To ensure leadership continuity, stability, and sustained high standards of governance, the Board approved this appointment on April 27, 2026, with Central Bank of Nigeria regulatory approval.
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Nigeria: Zenith Bank Appoints Mustafa Bello As Jim Ovia Retires As Group Chairman
According to Zenith Bank, Mr Bello has extensive leadership experience at the board and executive levels, with a strong understanding of corporate governance principles and regulatory expectations.
Daily Post Nigeria
Jim Ovia retires as Zenith Bank chairman
Founder and Group Chairman of Zenith Bank Plc, Jim Ovia, has retired following the expiration of his tenure in line with regulatory requirements. The bank announced the retirement in a corporate notice issued in Lagos on May 5, 2026. According to the notice, 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. The ban…
Zenith Bank appoints Bello board chairman
Zenith Bank appoints Bello board chairman Zenith Bank Plc appoints Mr Mustafa Bello as the Chairman of its Board of Directors. The bank in a statement on Wednesday said the appointment, which takes immediate effect, had been approved by the Central Bank of Nigeria and ratified by its shareholders at its Annual General Meeting on […] The post Zenith Bank appoints Bello board chairman appeared first on VMT News.
Zenith Bank Appoints Engr. Mustafa Bello As Chairman At AGM
(AFRICAN EXAMINER) — Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment […] The post Zenith Bank Appoints Engr. Mustafa Bello As Chairman At AGM first appeared on African Examiner.
Zenith Bank Announces Mustafa Bello As New Chairman Of The Board
Zenith Bank Plc has announced the appointment of Mustafa Bello as the new Chairman of its Board of Directors following regulatory approval from the Central Bank of Nigeria and ratification by shareholders at the bank’s Annual General Meeting held on May 5, 2026. The appointment takes immediate effect and marks a significant leadership transition for […] The post Zenith Bank Announces Mustafa Bello as New Chairman of the Board appeared first on I…
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