By Aduragbemi Omiyale
Zenith Bank Plc is set to announce Ms Adaora Umeoji as the new Managing Director/Chief Executive Officer subject to the approval of the Central Bank of Nigeria (CBN).
This information is yet to be made public by the financial institution, particularly the Nigerian Exchange (NGX) Limited, where it trades its stocks.
Recall that in March 2023, Ms Umeoji resigned from the bank as the Group Managing Director as a result of a new banking rule that required those on the board for 20 years as directors to leave.
“We write to notify the Nigerian Exchange (NGX) Limited and the investing public of the retirement of Dame (Dr) Adaora Umeoji from the board of Zenith Bank Plc with effect from February 24, 2023.
“This follows the expiration of her tenure of office as Deputy Managing Director in line with the Central Bank of Nigeria (CBN) circular No. FPR/DIR/PUB/CIR/011/070 dated February 24, 2023,” a notice issued last year by Zenith Bank said.
However, in July 2023, the lender announced her reappointment as the Deputy GMD of the company with effect from August 2023.
“Zenith Bank Plc hereby informs its shareholders, NGX and the investing public that the Central Bank of Nigeria (CBN) has given its No Objection to the re-engagement of Dame (Dr) Adaora Umeoji as Deputy Managing Director (DMD) of the bank. The re-engagement is effective August 2, 2023,” it stated.
Information gathered has it that Ms Umeoji will take charge of the tier-1 bank from June 2024, replacing Mr Ebenezer Onyeagwu, who is expected to become the chief executive of the proposed Zenith Bank Holdings.
