Jim Ovia has retired as chairman of Zenith Bank, marking the end of an era for one of Nigeria’s most prominent banking figures.
In a statement released on Tuesday, the bank said Ovia’s exit follows the completion of his 12-year tenure as a non-executive director and chairman, in line with corporate governance guidelines set by the Central Bank of Nigeria (CBN).
Ovia, who founded Zenith Bank and oversaw its rise into a major financial institution, steps down as part of regulatory compliance aimed at strengthening governance and leadership rotation within Nigeria’s banking sector.
The development signals a leadership transition at the bank, with industry observers watching closely for the next phase in Zenith Bank’s strategic direction following the departure of its long-
