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Zenith Bank has announced the retirement of its founder and Group Chairman, Jim Ovia, following the expiration of his tenure.
In a statement issued on Tuesday, the bank confirmed that Ovia stepped down after completing the mandatory 12-year service period as a non-executive director and chairman, in line with corporate governance guidelines set by the Central Bank of Nigeria (CBN).
The bank noted that his retirement complies with regulatory requirements governing tenure limits for board members in financial institutions.
Ovia, who founded Zenith Bank, has played a key role in its growth into one of Nigeria’s leading financial institutions since its establishment.
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