Jim Ovia Retires as Zenith Bank Chairman After 12 Years

Jim Ovia has announced his retirement as the chairman of Zenith Bank PLC, effective May 5, 2026, following the expiration of his mandatory 12-year tenure. This retirement aligns with regulatory requirements for corporate governance in financial holding companies in Nigeria.

Ovia, the founder of Zenith Bank, has been a central figure in the bank's growth trajectory, providing strong leadership and strategic direction throughout his time as chairman. His commitment to governance standards and stakeholder value creation has significantly enhanced the bank's position and reputation within the financial services sector.

The announcement was made through a corporate notice issued in Lagos, marking the end of an influential era for the bank.