Zenith Bank has appointed Jim Ovia, its former chief executive as its board chairman, taking over from Steve Omojafor who resigned last June.
The appointment which took immediate effect has been approved by the Central Bank of Nigeria(CBN) whose governor is the immediate chief executive of the bank.
Ovia retired from the bank about three years ago in line with the CBN policy which limits the tenor of banks’ chief executives to a maximum of 10 years.
Godwin Emefiele, the new central bank governor was appointed from Zenith Bank in February by President Goodluck Jonathan, and assumed his position at the apex bank in June after the tenure of the suspended governor of the bank, Sanusi Lamido Sanusi expired.
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Reporting by Babatunde Akinsola in Lagos, Nigeria.
