Zenith Bank’s CEO, Adaora Umeoji has spent about N3.3 billion to purchase 68.8 million units worth of Zenith Bank, according to the bank’s disclosure today on the floor of the Nigerian Stock Exchange.
Before her recent investment, she owned about 90.2 million shares of Zenith Bank, with an additional 1.7 million indirect units, all worth N4.32 billion.
For Adaora, this move is more than an investment; it is a vote in the future of the bank that she leads as the CEO, a bank that she joined as a corper in 1998.
Adaora has been rated the highest-paid banker in Nigeria.
She earned N874 million in 2024. Adaora Umeoji makes money both ways in Zenith Bank as a salary earner and as an investor
Recall Zenith Bank Holdings have successfully raised their share capital and share premium to surpass this threshold set by CBN for recapitalization.
While CBN plans to peg recapitalization fund at #500bn,Zenith Bank’s share capital and share premium stand at N614.65 billion, placing it at the top and one of the two Nigerian banks that met the CBN recapitalization target.
Access Holdings follows behind with a share capital and share premium of N594.90 billion.
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