Ovia Retires, Bello Appointed New Chairman at Zenith Bank
At the 35th Annual General Meeting held in Lagos, Jim Ovia formally retired as Chairman of Zenith Bank PLC, concluding his tenure in accordance with regulatory requirements. Shareholders approved a final dividend payment of N8.75 per share, bringing the total dividend for the 2025 financial year to N10 per share, valued at N410.69 billion.
Mustafa Bello, the longest-serving non-executive director since 2017 and a former Minister of Commerce, was appointed as the new Chairman. Dame Dr. Adaora Umeoji, the bank's fifth CEO, expressed gratitude for shareholders' continued support and reaffirmed the bank's commitment to growth and enhancing shareholder returns.
The bank reported a profit before tax of N1.26 trillion for the 2025 financial year, marking its second consecutive year of surpassing the N1 trillion mark in profit.
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