Zenith Bank has announced the retirement of Jim Ovia, its founder and group chairman, following the expiration of his tenure.
In a statement on Tuesday, 5 May, 2026, the bank said Ovia stepped down after completing the mandatory 12 years as a non-executive director and chairman, in compliance with the corporate governance guidelines issued by the Central Bank of Nigeria (CBN).
The lender described Ovia’s tenure as one marked by strong leadership, strategic direction, and effective board oversight.
“The board expresses its deep appreciation to Mr. Jim Ovia for his outstanding service and invaluable contributions,” the statement reads.
“His visionary leadership, unwavering commitment to good governance, and dedication to stakeholder value creation significantly strengthened the group’s strategic positioning and reputation during his tenure.”
