Ovia Retires, Zenith Bank Holds AGM, Rewards Investors With N10 Total Dividend Per Share, Names Bello New Chairman Kayode Tokede
At the 35th Annual General Meeting (AGM) of Zenith Bank Plc, which took place in Lagos
yesterday, the founder of the bank, Jim Ovia, formally stepped down as Chairman, marking the end of an era. This comes as shareholders
approved the proposed final dividend payment of N8.75 per share, bringing the total dividend for the 2025 financial year to N10 per share, with a total value of
N410.69 billion. Ovia’s formal retirement followed the expiration of his tenure in line with regulatory requirements. As disclosed in a corporate
notice issued in Lagos yesterday, Ovia completed the mandatory 12-year tenure stipulated under corporate governance guidelines for financial holding companies,
non-interest banks, and payment service banks in Nigeria. Subsequently, Engr. Mustafa Bello, former Minister of Commerce Continued on page 10
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35TH ANNUAL GENERAL MEETING OF ZENITH BANK...
L-R: Kennedy Okwudili, Executive Director; Adamu Lawani, Executive Director; Akin Ogunranti, Executive Director; Dr. Adobi Nwapa, Executive Director; Dame Dr. Adaora Umeoji, OON, Group Managing Director/CEO; Jim Ovia, CFR, Founder, Zenith Bank PLC; Engr. Mustapha Bello, Chairman of the Board; Michael Otu, Company Secretary; and Louis Odom, Executive Director, during the 35th Annual General Meeting of Zenith Bank PLC held in Lagos, yesterday