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  • Access Holdings Affirms Long-Term Value Strategy at 4th Annual General Meeting

    Access Holdings Affirms Long-Term Value Strategy at 4th Annual General Meeting

    Access Holdings Plc (Access Holdings) today held its 4th Annual General Meeting (AGM), reaffirming its strategic transition towards long-term value creation, balance sheet resilience, and disciplined growth, even as it navigates a dynamic and evolving operating environment.

    Speaking at the AGM, the Chairman, Aigboje Aig-Imoukhuede, CFR, emphasised that the defining test of a financial institution is not merely its capacity for growth, but its ability to grow profitably, sustainably, and with discipline over time.

    He noted that Access Holdings’ performance in 2025 reflects a deliberate approach to strengthening the institution’s long-term fundamentals while maintaining strong financial performance.

    The Group delivered Profit Before Tax of ₦1.007 trillion, underscoring the strength of its diversified platform and expanding earnings base across key markets. Total assets increased to ₦51.56 trillion, while customer deposits grew strongly, reflecting sustained franchise momentum and deepening customer trust.

    The Chairman, however, stressed that these results must be viewed within the context of the Group’s prudent risk management actions during the year. Access Holdings accelerated provisions on legacy and regulatory forbearance credit exposures, resulting in elevated impairment charges. He explained that the Group consciously prioritised balance sheet strength and long-term resilience over short-term earnings optimisation.

    “Periods of economic uncertainty often reveal more about an institution than periods of uninterrupted growth. Our focus remains on building a business that is not only growing, but improving in the quality, resilience, and sustainability of its earnings,” he stated.

    The AGM highlighted the Group’s continued evolution beyond traditional banking into a diversified financial services ecosystem, with growing contributions from investment management, insurance, pensions, consumer finance, and payments.

    While banking remains the Group’s core earnings engine, emerging growth platforms, including Access ARM Pensions, Access Insurance Brokers, Oxygen X Finance, and Hydrogen Payments, are expanding its footprint across digital finance, consumer lending, retirement services, and payments, thereby strengthening the Group’s long-term earnings mix and scalability.

    Looking ahead, the Chairman reiterated the strategic imperative underpinning the Group’s next phase of growth:

    “Our strategy, From Scale to Value, reflects the natural evolution of our journey. Scale created opportunity; value creation is how we fully realise it.”

    He noted that while the Group continues to generate strong returns, ensuring that earnings per share consistently exceed the cost of capital remains central to unlocking sustainable shareholder value. He also acknowledged the significant unrealised value embedded within the Group’s international subsidiaries and reiterated management’s focus on improving market recognition of that intrinsic value over time.

    The Board also addressed shareholders’ concerns regarding dividend payments, clarifying that the temporary suspension of dividend distributions was due to regulatory requirements rather than any deterioration in the Group’s financial performance.

    Aig-Imoukhuede reaffirmed that the Group’s earnings capacity remains strong and that the Board’s position reflects adherence to supervisory expectations and prudent capital management principles. He assured shareholders of the Board’s commitment to resuming dividend payments as soon as the relevant regulatory conditions are satisfied.

    “Our approach is clear: capital retained today must translate into greater value tomorrow and sustainable returns for our shareholders.”

    Access Holdings further highlighted progress in strengthening governance and leadership continuity. During the year, Innocent C. Ike was appointed Group Managing Director/Chief Executive Officer, while the Board was reinforced through the appointment of Ibironke Adeyemi as an Independent Non-Executive Director.

    Shareholders also expressed appreciation for the outstanding contributions of Bolaji Agbede, Executive Director, Business Development, who successfully led the management team as Acting Group Chief Executive Officer prior to the appointment of Mr. Ike.

    The Chairman noted that the leadership transition was executed seamlessly, ensuring continuity of strategy, operational stability, and stakeholder confidence.

    Despite continuing macroeconomic uncertainties across its operating markets, Access Holdings expressed confidence in its strategic positioning, underpinned by disciplined execution, a diversified business model, a strengthened capital base, and a clear focus on sustainable value creation.

    Concluding his remarks, Aig-Imoukhuede reaffirmed the Group’s long-term commitment to shareholders: “Our responsibility is to justify the confidence of our shareholders by building an institution that endures, one defined by clarity of purpose, discipline of execution, and sustainable value creation over time.”

  • Seplat Energy Announces Board Changes- Elumelu to succeed Udo Udoma as Chairman; Okon to succeed Brown

    Seplat Energy Announces Board Changes- Elumelu to succeed Udo Udoma as Chairman; Okon to succeed Brown

    The Board of Seplat Energy PLC has announced Board and executive management changes that will further support the Company’s growth, whilst emphasising continuity in strategy and governance.

    In the announcement, the Chairman, Senator Udoma Udo Udoma, CON, has given notice of his intention to retire at the end of the year on 31 December 2026. Senator Udoma joined the Board in December 2023 and became Independent Chairman in April 2024. Since assuming the role, he has also worked closely with the Board and Management to oversee the successful integration of MPNU and setting out the 2030 strategic plan for the Company. Through his leadership and guidance, the Company has continued to thrive and play an increasingly important role in Nigeria’s energy sector.

    The Board has accordingly elected Mr. Tony O. Elumelu, CFR, as the next Chairman of Seplat Energy, effective 1 January 2027. Mr. Elumelu, who joined the Board in January 2026, is the Founder and Chairman of Heirs Holdings, which has a 20.07% shareholding in Seplat Energy. Heirs Holdings is a diversified investment company, with interests across strategic sectors of the African economy, including energy, power, banking, insurance, technology, real estate, hospitality, and healthcare. Mr. Elumelu has a multi-decade track record of value creation in listed and non-listed entities. Mr. Elumelu is also a distinguished philanthropist, globally recognised as one of the leading voices on Africa’s
    transformation and governance agenda. The Board believes this succession plan will support the Company’s strategic vision as it executes delivery of its 2030 plan and strives to accelerate the growth projects in its portfolio.

    After successfully leading the Company during a period of significant strategic expansion and transformation, including the acquisition of Mobil Producing Nigeria Unlimited (‘MPNU’), Mr. Roger Brown will retire as Chief Executive Officer and as a Board Director on 31 July 2026. During Mr. Brown’s 13-year tenure, initially as the Company’s CFO through its landmark dual listing in 2014 and for the past 6 years as CEO, Seplat Energy has grown significantly through a combination of financial discipline, asset development and successful acquisitions, including Eland Oil and Gas in 2019 and the transformational acquisition of MPNU in 2024. Under Mr. Brown’s leadership, Seplat Energy has established itself as one of Africa’s leading independent energy companies, with a strong pipeline of organic growth projects.

    The Board is pleased to announce the appointment of Engr. Effiong Okon as Chief Executive Officer and Executive Director commencing 1 August 2026. An accomplished leader with over 35 years of global industry expertise, he brings a formidable track record of operational excellence and strategic execution. He is deeply familiar with the organization having been with the Company since 2018, initially serving on Seplat Energy’s Board as Operations Director for four years, then as our New Energy Director and most recently as Managing Director of ANOH Gas Processing Company (AGPC), where he successfully drove the project’s execution to achieve first gas in January 2026. Prior to joining Seplat Energy, Engr. Effiong cultivated a globally diverse operations portfolio during a distinguished career at Royal Dutch Shell spanning Africa, the USA, Europe, and the Middle East.

    Mr. Roger Brown, Chief Executive Officer, said: “It has been the greatest pleasure to be part of Seplat Energy’s growth since joining in 2013 as CFO and having led the Company as CEO since August 2020. I am immensely proud that we have built a Company that has now become synonymous with financial resilience, balanced capital allocation strong corporate governance and shareholder reward. The Company is a strong and reliable partner to the Government and is well placed to support Nigeria in its ambitious growth targets. I want to personally thank the Board, Management and the entire workforce for all the support they have given me over the years, and I look forward to watching the Company grow from strength to strength.”

    Senator Udoma Udo Udoma, Chairman of Seplat Energy, commented: “On behalf of the entire Company, I wish to express our sincerest thanks to Roger for his exceptional contribution to the development of Seplat Energy into a leading African independent energy company. His legacy was cemented in the transformational acquisition of MPNU in 2024 and in the Roadmap 2030 strategy that we set out in 2025. Roger has been ever present in Seplat Energy’s journey and under his leadership, Seplat Energy has materially outperformed the sector and delivering exceptional returns to shareholders; he leaves us well-placed to continue to deliver for all our stakeholders. I would also like to
    welcome Mr. Okon as our incoming CEO. He has extensive operational experience that will support our ambitious growth aspirations.”

    Mr. Effiong Okon, Incoming Chief Executive Officer, said: “I am delighted to be taking on this appointment at an important juncture. My immediate focus will be on ensuring the Company executes the 2030 Roadmap, alongside development of the long-term plan to ensure we deliver on the immense potential inherent in our portfolio.”

    Mr. Tony O. Elumelu, Incoming Chairman of Seplat Energy, commented: “I am honoured to succeed Senator Udoma as Chairman in January 2027 and to lead the Board through Seplat Energy’s next phase of growth. I firmly believe in the critical role indigenous resources play in the economic transformation of Nigeria and Africa, and Seplat Energy’s culture of execution and governance aligns strongly with my own values. I thank Senator Udoma and Roger for their stewardship and look forward to delivering further value for shareholders. I also congratulate Mr. Okon on his appointment as Chief Executive Officer. His deep industry experience gives me great confidence that Seplat Energy is well positioned for its next chapter of growth.”

  • Feature: Rotation, House of Representatives Election and Idemili North’s Case

    Feature: Rotation, House of Representatives Election and Idemili North’s Case

    By Ifeanyi Metuh

    The governor of Anambra State, Prof. Chukwuma Charles Soludo, CFR, has repeatedly explained why he now champions rotation of political power, using Anambra State’s governorship as an example. He cites a drastic reduction in confusion and conflict, as well as evenly spread development, as strong reasons all well-meaning citizens should support zoning and rotation of elective political offices.

    Facts are sacred. The governors of Anambra since 1999, when the nation returned to democracy, have come from all three senatorial districts, ensuring even development across the state. Now, it is clear from Mr Governor’s assertion that he will hand over to Anambra Central. Zoning and rotation are now established practices in Anambra State and in Nigeria.

    Rotation and zoning, sometimes used interchangeably, are clearly grounded in logic and, when applied, promote inclusivity and ensure that diverse voices are represented in the political process.

    Democracy is government of the people, for the people, and by the people. Abraham Lincoln, a former president of the United States, offered and popularised this timeless definition. Democracy is a game of numbers as well as equity. Efforts to uphold democracy ensure that both majority and minority rights are included in decision-making by implementing policies that promote inclusivity and protect minority interests.

    This submission provides the ultimate justification and legitimacy for the rotation and zoning of political power. The principles of rotation and zoning in a democracy have evolved over time since the nation’s return to the current democratic dispensation, both at the centre of Nigeria and here in Anambra State.

    The rotation and zoning of power between northern and southern Nigeria is a settled issue, and attempts by self-serving groups to disrupt it have resulted in significant rancour and instability. The Peoples Democratic Party (PDP) largely lost presidential power due to its failure to adhere to the zoning and rotation principle.

    It is now much the same in Anambra, as rotation and zoning have been adopted to ensure equity and justice in the state’s geopolitics. Rotation has ensured that all sections feel included, leading to even representation and development, which has benefited the state.

    Rotation does not only apply to the governorship in Anambra State. It has permeated all other elective positions, often even down to councillorship.

    In Idemili, with two local governments (Idemili North and Idemili South) making up a single federal constituency for election to the House of Representatives, it is also settled that the representative to the federal house has to rotate between the two LGs. And according to all indications, it’s the turn of Idemili North to represent the two LGs in 2027. According to available statistics, Idemili South has represented Idemili approximately two-thirds of the time.

    Yet, some dark forces are trying to truncate this beautiful, inclusive principle of rotation between Idemili North and South, which has ensured fair representation and balance in the political landscape of the region. This treatise reminds us that abandoning the rotation principle between Idemili North and South would harm both LGs.

    For starters, Idemili North is significantly more populous than Idemili South and can continuously produce a representative for the House of Representatives if its members feel aggrieved or challenged. But there is no need to reach that point, as the convention and agreement on rotation between Idemili North and South are already in place.

    To clarify, the distribution of representation at the House of Reps between Idemili North and Idemili South since 1999, when the nation returned to democratic rule, is as follows:

    1999-2003 – Jerry Ugokwe – Idemili South

    – 2003-2006 – Jerry Ugokwe-Idemili, South

    – 2006-2007 – Dr C.C. Okeke – Idemili North

    – 2007-2011 – Odedo-Nnobi – Idemili South

    – 2011-2015 – Odedo-Nnobi – Idemili South

    – 2015-2019–Obinna Chidoka- Idemili North

    – 2019-2023–Obinna Chidoka Idemili North

    – 2023-2027- Uche Annie Okonkwo-Idemili South

    – Total years for Idemili North = 9 years

    – Total years for Idemili South = 19 years

    – The total is 28 years.

    The statistical distribution clearly shows that Idemili South has received disproportionate representation, making rotation necessary. Opponents of rotation between the two LGs in the House of Reps prioritise personal gain or maintaining the status quo over equity.

    We extend this advice to other parts of the state as we pass it down to stakeholders in Idemili. Everywhere, stakeholders should uphold the essence of rotation to promote fairness and evenly spread development, thereby minimising the potential for confusion and conflict in their areas. Those who have not yet implemented zoning should do so for valid reasons.

    As Governor Soludo emphasises, all parts of Anambra State must commit to upholding the principles of rotation and zoning. They must support the most qualified candidates from their party; it is their right and their turn to produce candidates for both primaries and the election.

    Particularly for Idemili North, there is no doubt that it is now their turn to produce the representative for the Idemili North and Idemili South Federal Constituency in the next National Assembly.

    The few working against the sustenance of rotation and zoning between the two local governments are only being mischievous and trying to introduce discord that ultimately will work against peace and fair representation.

    Idemili has always been at the forefront of exemplary conduct in Anambra State. We now call for that exemplarity again in the upcoming primary and general elections.

    Idemili’s catalogue of firsts is in plain sight, and sustaining the principle of rotation and zoning can only add to that enviable reputation.

    Ifeanyi Metuh is an aspirant for Idemili North and South Federal Constituency

  • Access Bank and King’s Trust International Formalise Strategic Partnership to Advance Youth Opportunity across Africa

    Access Bank and King’s Trust International Formalise Strategic Partnership to Advance Youth Opportunity across Africa

    Access Bank Plc and King’s Trust International (KTI) have formally signed a strategic partnership agreement to expand opportunity, entrepreneurship and sustainable livelihoods for young people across Africa.

    The partnership agreement was signed by Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, for Access Bank, and Will Straw, CBE, Chief Executive Officer of King’s Trust International, on behalf of KTI.

    The signing ceremony was witnessed by senior leaders and representatives from both organisations, alongside distinguished guests including Aigboje Aig‑Imoukhuede, CFR, Co-Chair, King’s Trust International Africa Advisory Board and Chairman, Access Holdings Plc; Ofovwe Aig‑Imoukhuede; Co‑Chair, King’s Trust International Africa Advisory Board, and Lagos State Governor, Babajide Sanwo-Olu.

    The partnership brings together King’s Trust International’s expertise in youth development with Access Bank’s pan‑African reach and long‑standing commitment to inclusive and sustainable growth. Through this collaboration, the two organisations will work to equip young people with the skills, confidence and support needed to build successful futures through employment and entrepreneurship.

    Under the agreement, Access Bank will support the delivery of King’s Trust International programmes that empower young people across several African countries, helping them gain skills and find pathways into meaningful employment and self-employment.

    Speaking at the signing, Will Straw CBE, Chief Executive Officer of King’s Trust International, said: “This partnership with Access Bank reflects a shared commitment to unlocking the potential of young people across Africa. By combining our experience in youth development with Access Bank’s scale and leadership across the continent, we can create meaningful pathways to opportunity and long‑term impact.”

    Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, added: “At Access Bank, we believe that empowering young people is fundamental to Africa’s sustainable growth. Our partnership with King’s Trust International reinforces our commitment to entrepreneurship, job creation and inclusive development, while enabling us to play a purposeful role in shaping the continent’s future.”

    The partnership marks a significant milestone in advancing cross‑sector collaboration to address youth unemployment, foster entrepreneurship and drive inclusive growth across Africa.

  • UBA Unveils Diaspora Platform to Power Global African Lifestyle

    UBA Unveils Diaspora Platform to Power Global African Lifestyle

    Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent.

    The platform, launched in collaboration with leading ecosystem partners including United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare Limited — represents a major step in redefining diaspora banking beyond remittances toward structured wealth creation and long-term investment.

    At the unveiling, which took place at UBA’s global headquarters in Lagos under the theme: “Beyond Banking: Powering the Global African Lifestyle, all the company representatives were on hand to showcase a seamless platform that goes beyond remittances, wealth creation, protection, and long-term prosperity.

    Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, described the initiative as a strategic shift in how Africa engages its global citizens.

    “For decades, Africa’s engagement with its diaspora has focused largely on remittances. Today, we are moving beyond that. This platform represents a transition from simple money transfers to a financial ecosystem where Africans globally can bank, make payments, invest, protect their families, and build long-term wealth seamlessly,” he said.

    Rao noted that African diaspora remittance flows exceed $100 billion annually, making them one of the most resilient and consistent sources of capital into the continent.

    “Diaspora capital is not just a flow of funds — it is a strategic growth partner for Africa. Our role is to provide a trusted platform that converts capital into structured investment and shared prosperity across the continent.”

    The objective is to provide a platform that brings together offerings across the numerous needs of the Global African, including Banking and payments, Investments, securities services, asset management, Insurance, Pensions, real estate and Pensions.

    Through this coordinated ecosystem, diaspora customers can access financial solutions across multiple sectors through a single trusted platform, enabling them to manage their financial lives and family commitments across borders with ease and transparency.

    UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, emphasised the importance of collaboration in delivering a seamless diaspora experience.

    “The modern African is a global citizen — mobile, ambitious, and deeply connected to home. Whether living in Africa, Europe, the Americas, or the Middle East, there must be a structured and secure financial connection back home. This platform ensures that Africans everywhere can remain economically connected to the continent with confidence and transparency.”

    Partners within the ecosystem highlighted growing demand among diaspora Africans for structured investment opportunities, secure property ownership, insurance protection, and long-term financial planning.

    United Capital showcased globally accessible investment products designed to deliver professionally managed and transparent wealth creation opportunities.

    Afriland Properties emphasised structured and well-governed real estate investment pathways for diaspora clients.

    Heirs Insurance highlighted protection solutions for life, and assets, while Avon Healthcare Limited demonstrated healthcare access and insurance solutions for families across borders.

    Africa Prudential and UBA Pension reinforced digital investment management and long-term pension savings solutions designed to support diaspora participation in African capital markets.

    Together, the partners underscored a shared commitment to providing diaspora Africans with credible, transparent, and professionally managed financial pathways.

    Rao also reiterated the guiding philosophy of Africapitalism, championed by UBA’s Founder and Chairman, Mr. Tony O. Elumelu, CFR.

    He explained that Africapitalism is the belief that Africa’s private sector must play a leading role in the continent’s development by making long-term investments that generate both economic returns and social impact.

    As Africa continues to position itself as one of the world’s most dynamic growth frontiers, UBA believes mobilising diaspora capital through trusted financial institutions will be central to shaping the continent’s next phase of development.

    “Africa will increasingly be financed by Africans themselves, including Africans abroad,” Rao added.
    “Our responsibility is to build the trusted financial infrastructure that makes this possible.”

    “When Africa’s global citizens invest back into Africa, growth becomes inevitable,” he concluded.

  • Seplat Energy Announces Appointment of Tony Elumelu as Non-Executive Director

    Seplat Energy Announces Appointment of Tony Elumelu as Non-Executive Director

    …as Olivier Cleret De Langavant Resigns From Board

    Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA (“M&P”) 20.07% shareholding in Seplat to a combination of Heirs Holdings Limited and Heirs Energies Limited, the Board of Seplat Energy today announces the resignation of Mr. Olivier Cleret De Langavant as a Non-Executive Director effective 22 January 2026. Mr. Langavant, who joined the Board on 28 January 2020 as a nominee of M&P, has rendered exceptional service throughout his tenure, providing strategic technical counsel and invaluable insights that have materially supported the Company’s progress, according to statement signed by Mrs. Edith Onwuchekwa, Director Legal/Company Secretary at Seplat Energy.

    The Board is pleased to announce the appointment of Mr. Tony O. Elumelu, CFR as a Non-Executive Director on the Board effective 22 January 2026.  Mr. Elumelu is a distinguished African investor and philanthropist, globally recognized as one of the most prominent voices on Africa’s transformation agenda. He is the Founder and Chairman of Heirs Holdings, a diversified investment company with interests across strategic sectors of the African economy, including energy, power, banking, insurance, technology, real estate, hospitality, and healthcare.

    He also serves as Chairman of United Bank for Africa (UBA) Group, Heirs Energies, Transcorp Group, whose subsidiaries include Transcorp Power, and Transcorp Hotels Plc, Nigeria’s foremost hospitality brand.

    In 2010, he established The Tony Elumelu Foundation (TEF), the leading philanthropy dedicated to empowering African entrepreneurs across all 54 African countries. His global influence has been widely acknowledged, including recognition as one of TIME Magazine’s 100 Most Influential People in the World (2020) and the conferment of the Commander of the Order of the Federal Republic (2022).

    He also serves on several global boards, including UNICEF’s Generation Unlimited Global Leadership Council and the International Monetary Fund’s Advisory Council on Entrepreneurship and Growth.

    We are confident that Mr. Elumelu’s extensive experience and visionary leadership will significantly advance Seplat Energy’s strategic objectives and reinforce the Company’s commitment to sustainable growth and long-term success.

    Please join us in expressing our deepest gratitude to Mr.  Langavant for his outstanding service and welcoming Mr. Elumelu to the Board.

    Mr. Udoma Udo Udoma, Chairman of Seplat Energy, commented: “On behalf of the Board and Management, I wish to express our profound appreciation to Mr. Langavant for his outstanding contribution to Seplat Energy over the past six years. His expertise and commitment have been instrumental in driving our strategic initiatives. We warmly welcome Mr. Elumelu to the Board and look forward to leveraging his wealth of experience and leadership as we continue to pursue sustainable growth and value creation for all stakeholders.

  • Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

    Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

    Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank).

    The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, and Dr. George Elombi, President and Chairman of Afreximbank.

    The transaction represents one of the largest financings secured by an indigenous African energy company and demonstrates lender confidence in Heirs Energies’ operating performance, governance standards, proprietary brownfield excellence capability, and long-term growth trajectory.

    Since assuming operatorship of OML 17, Heirs Energies has delivered a disciplined transformation programme, focused on restoring production, strengthening asset integrity, and improving operational efficiency. Through targeted brownfield interventions and infrastructure optimisation, the Company has successfully transitioned from acquisition-led financing to a capital structure aligned with the long-term development profile of its reserves.

    Oil and gas production has doubled, from an acquisition production level of 25,000 barrels of oil per day (bopd) and 50 million standard cubic feet of gas per day (mmscf/d). Today, OML-17 produces over 50,000 bopd and 120 mmscf/d. All the gas production goes into the Nigerian domestic gas market and has been catalytic for power generation in Nigeria. Community relations have been transformed and the highest standards of health and safety implemented.

    The Afreximbank facility will accelerate field development, optimise production, and allow Heirs Energies to pursue value-accretive growth opportunities, while maintaining disciplined capital management.

    Speaking at the signing, Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, said, “This transaction is a powerful affirmation of what African enterprise can achieve when backed by disciplined execution and long-term African capital. It reflects the successful journey Heirs Energies has taken – from turnaround to growth – and reinforces our belief in African capital working for African businesses. This is Africa financing Africa’s future.”

    Dr. George Elombi, President and Chairman of Afreximbank, stated, “Afreximbank is proud to support Heirs Energies at this pivotal stage of its growth. This financing reflects our confidence in the Company’s leadership, governance, and asset base, and aligns with our mandate to support African champions that are driving sustainable economic transformation across the continent.”

    The transaction further reinforces Afreximbank’s role in enabling indigenous operators with the scale and capability to deliver sustainable energy development, energy security, and long-term economic value across Africa.

    With this milestone achieved, Heirs Energies is firmly positioned to advance into its next phase of growth, focused on operational excellence, responsible resource development, and enduring value creation for stakeholders.

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs, while aligning with global sustainability goals.  Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads in the evolving energy landscape and contributes to a more prosperous Africa.

    The African Export-Import Bank is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. The Bank plays a critical role in supporting Africa’s industrialisation, trade expansion, and economic transformation.

  • United Bank for Africa announces Executive Board Changes

    United Bank for Africa announces Executive Board Changes

    United Bank for Africa PLC has announced the retirement of the following Executive Directors, effective January 1, 2026, following the completion of their tenure:

    ▪ Mr. Muyiwa Akinyemi – Deputy Managing Director
    ▪ Mrs. Abiola Bawuah – Executive Director
    ▪ Mr. Alex Alozie – Executive Director
    ▪ Mrs. Sola Yomi-Ajayi – Executive Director

    Commenting on the completion of tenure and retirements, the Group Chairman, Mr. Tony O. Elumelu, CFR, stated: “I express my sincere thanks and appreciation to the retiring Executive Directors for their years of dedicated service, steadfast commitment,
    and support to UBA. Each of them has made significant contributions to the growth and success of UBA Group. On behalf of the Board, I thank them for their service and commend their impact. They will remain cherished members of the UBA family and enduring ambassadors of the values and standards we represent.”

    The Board also approved the appointment of the following individuals as Executive Directors effective January 1, 2026, subject to the approval of the Central Bank of Nigeria:

    Mr. Emmanuel Lamptey, Executive Director, Digital Banking. Emmanuel is a seasoned banker with twenty-five (25) years of
    multinational, cross-functional experience, working across retail and corporate banking, asset management, securities brokerage
    services, pensions, insurance, and microfinance, with operations in over thirty (30) African countries. He previously held executive and non-executive directorships in and outside the financial services sector. He has a proven track record of success in leading transformation, including digital and customer experience transformation, and operational excellence in the financial services sector. He is an alumnus of Harvard Business School (USA) and a fellow of the Association of Chartered Certified Accountants, United Kingdom. He holds a Bachelor of Commerce Degree from the University of Cape Coast, Ghana.

    Mr. Tosin Adewuyi, Executive Director, Corporate Banking. He has over twenty-five (25) years’ experience across Sub-Saharan Africa, including over fifteen (15) years in senior management, FCA and CBN-approved roles in London and Lagos. Tosin has championed senior client engagement across an extensive corporate and sovereign footprint and has a track record of building highperformance teams and effecting successful business turnarounds. He has had prior financing roles in Structured Trade Finance, Corporate and Investment Banking, Debt Capital Markets, Financial Institutions Coverage, and Correspondent Banking. Tosin is a Fellow of the Association of Chartered Certified Accountants (FCCA), and he has a BA (Hons) in Economics and Accounting
    from the University of Manchester. He is an Honorary Member of the Chartered Institute of Bankers of Nigeria. Tosin is an alumnus of Wharton Business School.

    Mr. Chidi Okpala, Executive Director, UBA Nigeria. Until his appointment, Chidi Okpala served as an Executive Director for
    Payments, Group Integration, and Strategy (PGIS) for Heirs Holdings, providing leadership across the Heirs Holdings Group’s
    payments portfolio and strategic oversight of its technology and healthcare investments. With deep expertise in payments, financial
    services innovation, corporate strategy, and ecosystem building, Chidi has led the development of scalable platforms, crossbusiness value creation initiatives, and long-term growth programmes for technology-enabled businesses across Africa. He has over twenty (20) years of banking experience and holds a B.Sc. in Finance, an MBA in Banking and Finance, and an MSc in Leadership and Strategy from London Business School, where he is a Sloan Fellow.

    Speaking on the appointments, the Group Chairman added: “I congratulate the incoming Executive Directors on their appointments. The Board is confident that they bring the experience, depth, and execution capability required to build on the strong foundation and successes established by their predecessors, and to advance UBA’s next phase of growth.”

    United Bank for Africa operates in twenty African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates. UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology. UBA is one of the largest employers in the financial sector on the African continent, with 30,000 employees group wide and serving over 50 million customers globally.

  • Transcorp Hotels Plc Announces the Appointment of Dr. Awele Elumelu as Chair of the Board

    Transcorp Hotels Plc Announces the Appointment of Dr. Awele Elumelu as Chair of the Board

    Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced the appointment of Dr. (Mrs.) Awele Vivien Elumelu, OFR, as Chair of the Company, effective January 01, 2026.

    Dr Elumelu’s appointment follows the retirement of the current Chair, Mr Emmanuel N. Nnorom, with effect from January 01, 2026.

    Dr. Elumelu brings exceptional leadership experience across healthcare, insurance, corporate governance, and philanthropy. She is the Chair of Avon Healthcare Limited (Avon HMO), Nigeria’s leading health insurance provider, and Avon Medical Practice, a fast-growing network of hospitals and clinics. She also chairs Heirs Insurance Brokers and is a founding Director of Heirs Holdings Limited.

    She is a medical doctor, with an MBBS from the University of Benin and clinical experience in Nigeria and the United Kingdom. Dr. Elumelu’s medical training has been complemented with world-class executive education from institutions including Harvard Business School, IMD Switzerland, and the London School of Economics.

    Dr. Elumelu’s commitment to social impact is demonstrated through her role as Trustee and Co-Founder of the Tony Elumelu Foundation, Africa’s leading philanthropy empowering young entrepreneurs. Through the

    Foundation, she has been instrumental in driving gender inclusion and supporting over 24,000 young African men and women with seed capital, training, and mentorship.

    Commenting, Group Chair of Transcorp Group, Mr. Tony O. Elumelu, CFR stated: “We are delighted to welcome Dr. Awele Elumelu as the Board Chair of Transcorp Hotels. Her distinguished track record perfectly aligns with our ambition to redefine hospitality through innovation, wellness integration, and responsible business practices. Her strategic insight will be invaluable, as we continue to elevate guest experiences and deliver sustainable value to all stakeholders.”

  • Anambra State Emerges as Nigeria’s Digital Champion

    Anambra State Emerges as Nigeria’s Digital Champion

    …Carted Away NCCIDE’s Four Awards

    Anambra State has reinforced its reputation as a frontrunner in technology-driven governance, securing four prestigious awards at the 13th National Council on Communications, Innovation and Digital Economy (NCCIDE) meeting.

    The conference took place from December 8 to 12, 2025, at Jos’s Crispan Suite & Event Centre, marking another landmark achievement for the southeastern region in the country’s evolving digital space.

    Themed “Accelerating Inclusive Digital Transformation: Bridging Gaps and Fostering Sustainable Growth Through Innovation,” the gathering featured key players from federal and state sectors, industry experts, and innovators. Participants engaged in discussions aimed at evaluating digital progress and shaping Nigeria’s future through technology-enabled growth. The event highlighted the importance of collaboration in driving digital inclusion nationwide.

    According to Christian Aburime, Chief Press Secretary to Governor Soludo, a significant highlight of the gathering was the State Innovation Peer Review Session (SIPRS), a forum where individual states showcased breakthroughs in technological advancements and governance improvements. This platform encouraged mutual learning and partnership among the participants. Anambra stood out with compelling presentations that underscored its strategic use of information and communication technologies to enhance public services.

    Following the presentations, Anambra was awarded the Best Overall State in ICT Development and recognised as the Best State in the nurturing of ICT Human Capital. Moreover, it earned 2nd Runner-Up honours in both Infrastructure Development and eGovernment Implementation, illustrating a well-rounded digital transformation agenda across multiple facets.

    These recognitions, he stated, reflect the visionary and proactive governance of Governor Prof. Chukwuma Charles Soludo, CFR, whose administration has prioritised creating a tech-enabled, economically vibrant Smart Mega City. Investments in broadband connectivity, electronic governance solutions, and skill development initiatives have been crucial in positioning Anambra as a model for other states seeking digital excellence.

    Speaking on behalf of the governor, Chukwuemeka Fred Agbata (CFA), Managing Director and CEO of the Anambra State ICT Agency, expressed heartfelt gratitude for the support and leadership provided by Governor Soludo. He credited the state’s accomplishments to a conducive policy environment and an unwavering commitment to the governor’s “Everything Technology, Technology Everywhere” vision. According to CFA, these awards celebrate the teamwork driving Anambra’s ambitious digital agenda.

    Notably, this achievement marks the second occasion in recent history that Anambra has secured four top awards at the NCCIDE forum, mirroring its successful performance in 2023. The state’s consistent recognition highlights sustained innovation across digital governance, infrastructure growth, human resource training, and the implementation of government services online. Anambra’s ongoing dedication continues to serve as a blueprint for accelerating national development through the strategic use of technology.

  • Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    A total cash prize of ₦140 million has been awarded to ten (10) African innovators to scale their transformative solutions after a keenly contested hackathon and pitch session at the Fifth Edition of the Zenith Tech Fair, themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate”, which held on Thursday, November 20, 2025, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.

    A statement from the bank said the 2025 edition of the Zenith Tech Fair featured an expanded, dual-competition structure that included a high-stakes Hackathon for product development and a Startup Pitch Competition for early-stage ventures, and drew participation from thousands of developers, founders, and entrepreneurs across the continent.

    The prize money was shared among ten finalists who emerged from the over 2,000 contestants that took part in the Zecathon. In the hotly contested final, two major winners emerged, each receiving the top prize of ₦30 million. The winner of the Hackathon, Trust Loop, clinched first place for its innovative solution that delivers seamless digital KYC and liveness verification. Simultaneously, the winner of the Startup Pitch Competition, Cubbes Technologies Limited, secured the top spot for its revolutionary AI-powered EdTech platform that enhances learning and career readiness.

    The remaining eight (8) finalists across both categories were equally recognised, each receiving ₦10 million in non-dilutive funding. They include Venille Ltd, Sowota, FLOW, InvoPay, Zenith Intelliscore, The Very Hacked Men, Konfam and Zerax. All ten finalists will also be entitled to a six-week mentorship and incubation programme designed to help them grow and scale effectively, and this will run from December 2025 to February 2026.

    The Group Managing Director/CEO of Zenith Bank Plc, Dame Dr Adaora Umeoji, OON, in her welcome address, thanked the Founder & Chairman, Dr Jim Ovia, CFR, for the visionary foresight that led to the creation of the Zenith Tech Fair. Commenting on the Zecathon, she said, “Our theme this year, ‘Tech for Success: Innovate, Adapt, Accelerate’, is very timely. To appreciate its urgency, it helps to reflect on the speed of human progress. According to the Harvard Business Review, it took humanity millions of years to master fire, yet only 66 years to move from the first powered flight to landing on the moon. The lesson is simple – the next technological breakthrough will not take a lifetime. It will emerge sooner than we expect and could come from any one of you in this room today. We are confident that this Tech Fair will produce innovators who will change the world, and we stand ready to support you to turn your ideas into reality.”

    In his Goodwill Message, the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, said, “This fifth edition reflects our unwavering commitment to create value through technology, innovation, and talent development. My vision is to continue to empower the youth through technology, with the hope that one day we will produce the likes of Bill Gates, Steve Jobs and Jeff Bezos.”

    Whilst delivering his goodwill message, the Governor of Lagos State, His Excellency, Mr Babajide Sanwo-Olu, called for increased technological empowerment initiatives to provide youths with adequate opportunities needed to thrive in the digital future. He said, “What I see happening here every year are things that we in leadership need to connect with. This is an activation that can bring life and real conversation to the young, dynamic, innovative, and creative young people that we have in this country. By 2050, half of the youth population in the world will be in Africa, and even in Africa, they will be in Nigeria, and if they are in Nigeria, they will be somewhere in Lagos, and we need to be able to fish them out. We need to give them an opportunity and a space to fly. We want to make Lagos the human capital centre of the world, where Microsoft and Google will think of raising a million tech experts. That’s the kind of vision and opportunity we want to leave behind.”

    Hailed as a resounding success by participants, the Fair showcased cutting-edge demonstrations on the role of Generative AI, Agentic AI, and Cloud Computing in driving economic growth with Keynote addresses delivered by Sitoyo Lopokoiyit, Managing Director, M-PESA Africa; Jonas Kjellberg, Co-Creator, Skype and Dr. Shivagami Gugan, Chief Technologist for Middle East, Turkey and Africa, AWS.

    The event also featured goodwill messages by the National Commissioner, Nigeria Data Protection Commission, Dr. Vincent Olatunji, and the cably represented by the Head of Service, Niger State, Mr. Abubakar Sadiq Idris.

    Another key feature from the tech fair this year was the robust exclusive masterclasses delivered by global technology and consulting powerhouses: McKinsey & Company, Huawei, Check Point, and Microsoft. These sessions covered critical topics from cybersecurity to advanced cloud solutions and disruptive technologies, equipping participants with world-class insights.

    Aside from the thrilling musical performance by Nigerian musician Spyro, the fair also featured dual-panel sessions that were very insightful and highly interactive. The panel sessions both had Zain Asher, CNN Anchor, as host, and featured high-level discussants including Adaora Nwodo, Founder & Executive Director, NexaScale; Aisha Tofa, Board Chair, Startup Kano Centre for Innovation Dev.; David Kpakima, CoFounder, Rasab Group, Sierra Leone; Dr Stanley Jacob, President, FINTECHNGR; Iyinoluwa S. Aboyeji, CEO Future Africa; Gary Fowler, CEO & Founder GSD Venture Studios; Bradwin Roper, Chief Payments & Partnerships Officer at JUMO, and Mrs. Omoyemen A. Jide Samuel, Director, Information Technology, CBN.

    Zenith Bank remains committed to fostering an ecosystem where innovation thrives, ensuring that the next generation of African tech leaders have the capital, mentorship, and resources required to achieve global scalability and impact.

    The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025.

    The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards.

    Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025.

    The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.

    Zenith Bank has also bagged several non-financial awards, including Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.

  • Governor Soludo welcomes INEC declaration as Anambra Guber Winner, extends fellowship to Opponents— Aburime

    Governor Soludo welcomes INEC declaration as Anambra Guber Winner, extends fellowship to Opponents— Aburime

    Following the official announcement by the Independent National Electoral Commission (INEC) declaring Professor Chukwuma Charles Soludo, CFR, as the winner of the Anambra State governorship election, he has extended a hand of fellowship to the 15 other candidates who contested against him, demonstrating a remarkable display of unity and inclusiveness.

    In his first public address in Isuofia, after the declaration, Governor Soludo according to his chief press secretary, Christian Aburime, praised the democratic process and the high voter turnout that characterized the election. He thanked the people of Anambra for placing their trust in his leadership, stating, “This victory is a collective achievement that reflects the aspirations of our citizens. I am profoundly grateful for the support received from every corner of Anambra State.”

    Governor Chukwuma Charles Soludo remarked that this marks the third time a governor has been re-elected in Anambra State, highlighting that his administration received support from 98 percent of the wards. He expressed enthusiasm about the future, stating, “You have not seen anything yet. With this trust, in partnership with ndị Anambra, we will do more.”

    He looked ahead to the next four years, affirming, “We are turning on to gear four, beginning from March 2026,” and expressed his gratitude to the people of Anambra for renewing his mandate. “Thank you for giving us the opportunity to serve you for another four years,” he added.

    Governor Soludo also acknowledged President Tinubu, emphasizing the importance of letting the votes count and recognizing the voices of the people: “The people spoke very loudly.” He expressed his appreciation to INEC for their forthrightness and noted that the improvements seen in the August bye-election in Anambra may indicate better days ahead.

    “It has been a free, fair, and transparent election,” he stated. In a gesture of goodwill, he extended his hand of fellowship to his 15 opponents, conveying, “APGA is still magnanimous in victory.” He concluded by thanking the security forces for their support throughout the electoral process. The Governor equally thanked the security agencies for a good job done

    Looking ahead, Governor Soludo reaffirmed his administration’s commitment to addressing the challenges facing the state, including improving infrastructure, enhancing security, and creating economic opportunities for all citizens. “The journey begins now, and I am dedicated to ensuring that every resident of Anambra feels the positive impact of our governance,” he stated.

    As celebrations erupted among his supporters, Governor Soludo’s call for unity was seen as a pivotal moment in promoting political diplomacy and stability in the state. The governor’s gesture not only aims to heal any divisions that may have arisen during the campaign but also sets a tone for cooperative governance as Anambra moves forward together.

  • Zenith Bank Marks Successful Public Offer and Achievement of CBN Recapitalization at NGX

    Zenith Bank Marks Successful Public Offer and Achievement of CBN Recapitalization at NGX

    Zenith Bank Plc yesterday marked a significant milestone with a Closing Gong Ceremony at the Nigerian Exchange (NGX), celebrating the successful conclusion of its public offer and the achievement of the Central Bank of Nigeria’s (CBN) recapitalization target.

    The Bank’s recently concluded public offer, which was heavily oversubscribed, contributed ₦350.46 billion to its total capital raise, bringing its capital base to ₦614.65 billion. This positions Zenith Bank comfortably above the ₦500 billion regulatory threshold for banks with international authorization and underscores the strong confidence investors continue to place in the institution’s leadership, performance, and growth strategy.

    Speaking at the ceremony, Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), commended the success of the offer, describing it as a reflection of the market’s strength and integrity. “This capital raise demonstrates the robust capacity of our markets. It’s a clear signal that with sound fundamentals and transparency, Nigeria can efficiently mobilize capital for growth,” he said.

    Also speaking, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of Nigerian Exchange Group (NGX Group), described the milestone as “a testament to strong leadership and a win for our capital markets,” adding that “Zenith Bank’s achievement solidifies its position as a pillar of the financial sector and underscores the market’s faith in its future.”

    In his remarks, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, highlighted the role of innovation in driving the success of the offer. “The oversubscription of Zenith Bank’s offer is a direct result of innovation and collaboration. Our NGX Invest platform was instrumental in broadening access, onboarding a new generation of investors, and deepening market participation,” he stated.

    Reflecting on the achievement, Dr. Jim Ovia, CFR, Founder and Chairman of Zenith Bank Plc, expressed gratitude to the investing public for their trust and support. “This successful capital raise, which secures our regulatory standing, is a vote of confidence in our legacy and our future growth trajectory,” he said.

    Dame (Dr.) Adaora Umeoji, OON, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, described the accomplishment as both a regulatory milestone and a springboard for sustainable growth. She also acknowledged the role of NGX Invest as a vital enabler in achieving the Bank’s goals. “Reaching a capital base exceeding ₦600 billion is not just a compliance achievement; it’s a foundation for the future. Through platforms like NGX Invest, which expanded access and simplified participation, we were able to reach a broader pool of investors. This underscores how innovation within our market ecosystem can drive inclusivity and accelerate growth,” she stated.

    The Closing Gong Ceremony symbolized the beginning of a new chapter for Zenith Bank, one defined by strengthened capacity, innovation, and renewed investor confidence. It also underscored the productive collaboration between the Bank, regulators, and the exchange group in fostering a resilient and dynamic capital market in Nigeria

  • Access Holdings Plc Appoints Mr. Innocent Ike as Substantive Group Managing Director/Chief Executive Officer

    Access Holdings Plc Appoints Mr. Innocent Ike as Substantive Group Managing Director/Chief Executive Officer

    Access Holdings (‘Access Holdco’ or ‘the Company’) today announces the appointment of Mr. Innocent Ike as the substantive Group Managing Director/Chief Executive Officer of the Company, effective August 29, 2025, following the receipt of regulatory approval.

    Mr. Ike will succeed Ms. Bolaji Agbede, who has served as the Company’s Acting Group Managing Director/Chief Executive Officer for the past 18 months and has played a vital role in driving the Company’s performance. Due to regulatory stipulations on the required years of experience for a Financial Holding Company’s Managing Director, Ms. Agbede will revert to her substantive role as the Company’s Executive Director, Business Support.

    During Ms. Agbede’s tenure, Access Holdco achieved significant milestones, including ensuring workforce stability and seamless transition following the demise of the former Group Chief Executive Officer; successful execution of the Company’s N351 Billion
    Rights Issue and seamless hosting of two Annual General Meetings of the Company. Her leadership and strategic vision have not only maintained the Company’s momentum but also strengthened its competitive position in the industry.

    Commenting on the development, the Company’s Chairman, Mr. Aigboje AigImoukhuede, CFR said: “We are thrilled to welcome Mr. Innocent Ike as we move forward. At the same time, we want to express our deepest gratitude to Ms. Bolaji Agbede. Her outstanding contributions over the past 18 months have been invaluable, and we appreciate her dedication in navigating the Company through challenges and opportunities. While regulatory requirements necessitate this change, we are grateful for the strong foundation that has been laid.”

    Mr. Ike graduated from the University of Lagos with a BSc (Hons) in Accounting in 1988, receiving recognition as the Best Graduating Student. He is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN), a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), and a Certified IFRS expert. He has over three decades experience in banking and financial services, ten years of which were spent at Access Bank, where he rose to General Manager, overseeing portfolios in corporate, commercial, and public sectors.

  • Zenith Bank marks 35th Anniversary in Grand Style, Recognises Pioneer Customers and Long-Serving Staff

    Zenith Bank marks 35th Anniversary in Grand Style, Recognises Pioneer Customers and Long-Serving Staff

    Amidst pomp and pageantry layered with a mixture of glitz and glamour, Zenith Bank Plc marked its 35th anniversary with a commemorative Chairman’s Dinner at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos on Friday, August 15, 2025.

    In recognition of their immense contributions to the success of the brand, the bank also presented commemorative awards and plaques to pioneer customers and long-serving staff, who have served meritoriously for 25 years and above.

    The ceremony brought together key stakeholders of the bank including customers, staff (past and present), regulators, partners, and friends, who all came together to celebrate 35 years of excellent and innovative banking services that has propelled the banking giant to the peak of Nigeria’s financial industry.

    Among the eminent personalities who graced the occasion were the Vice President, Federal Republic of Nigeria, Senator Kashim Shettima, GCON; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Governor of Ondo State, Mr. Lucky Aiyedatiwa; Governor of Taraba State, Dr. Agbu Kefas; Governor of Borno State, Prof. Babagana Zulum; Governor of Delta State, Rt. Hon. Sheriff Oborevwori, who was ably represented by the Deputy Governor, Sir. Monday Onyeme; Alhaji Aliko Dangote, GCON; and former governors Peter Obi and Udom Emmanuel (also an alumnus of Zenith Bank).

    In her welcome address, the Group Managing Director/ Chief Executive of Zenith Bank Plc, Dame Dr. Adaora Umeoji, OON applauded the Founder and Chairman, Jim Ovia, CFR for his foundational role in building the structures for what has today become a shining example of excellence in the Nigerian banking industry and a globally recognised financial institution. She described him as “the Godfather of modern banking and the Nostradamus of our time, who through sheer tenacity, foresight, and uncompromising integrity transformed a modest vision into the financial powerhouse we celebrate today”.

    In his goodwill message, the Vice President, Federal Republic of Nigeria, Senator Kashim Shettima, GCON, a proud alumnus of the bank, praised the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR for being at the heart of the very successful brand that today stands as Nigeria’s largest bank by Tier-One capital. According to him, “Long before technology became the bloodstream of global finance, Jim Ovia had already woven it into the DNA of Nigerian banking industry. He introduced innovation not as a fashion but as a philosophy, placing Zenith Bank on a path where excellence is not an ambition but a standard. Yet his true signature is not only on the balance sheet. For Jim Ovia, the people make an institution. His greatest investment has been in human capital – in transferring his experience and sense of adventure to generation after generation of bankers and investors forged at Zenith Bank”.

    Also speaking at the event, the Founder and Chairman of Zenith Bank, Jim Ovia, CFR expressed its immense appreciation to all guests for joining the bank in celebrating this momentous occasion. He thanked the bank’s esteemed customers and shareholders for their trust, confidence and shared vision; the regulators, for their guidance over the years; his friends and partners, for being a constant source of strength; the Zenith Bank family led by the exceptional Group Managing Diector/CEO, Dame Dr. Adaora Umeoji, OON, for their loyalty and commitment; and his beloved wife and family for their love and support.

    Founded in May 1990, Zenith Bank has grown from humble beginnings into one of Africa’s leading financial institutions with branches across the 36 states of the federation and the FCT, Abuja as well as subsidiaries in the United Kingdom, Ghana, Sierra Leone, Gambia, France, UAE and a representative office in China.