In 2017, the Bank issued a $500m Eurobond that was four times oversubscribed and priced better than the equivalent home country sovereign bond. However, a new policy from the Central Bank of Nigeria on tenure of Bank CEOs compelled him to retire earlier than he planned. The delectable wife of Zenith Bank chief, Jim Ovia, effortlessly combines motherhood and wifehood in the same girth. Jim Ovia holds a masters degree in Business Administration from theUniversity of Louisiana, Monroe, Louisiana, USA in 1979 and a B.Sc. Jim James Ovia CFR CON (born 4 November 1951) is a Nigerian businessman, he is the founder of Zenith Bank which he founded in 1990. Jim is married to Kay Ovia, Managing Director and Chief Executive Officer at Quantum Markets Ltd. Forbes Africa bestowed the title of Godfather of Banking upon Jim Ovia for his accomplishment of establishing the most successful bank in Nigeria. In 1980, Jim Ovia founded Zenith Bank, one of the most influential banking institutions in the West African nation. Your IP: The bank was 20 years old in July 2010, and ahead of time, Ovia had begun to plan his retirement. [citation needed], In October 2022, a Nigerian national honour of Commander of the Order of the Federal Republic (CFR) was conferred on him by President Muhammadu Buhari.[15]. Jim James Ovia is a Nigerian businessman and a resident of Agbor, which is located in Delta State. The latter was sold to MTN, Africas largest telco, for an undisclosed sum in 2015. Driven by the role that technology could play in Nigeria; he established Cyberspace Limited to provide internet services and Visafone Communications Limited to provide telecom services. He doubles as the chairman of various IT Softwares which includes Cyberspace Network Limited, Nigerian Software Development Initiative (NSDI) and the National Information Technology Advisory Council (NITAC). Few women possess that rare attribute that makes them worthy of being called woman and mother in the same breadth but Kay Ovia is remarkably different. The name Kay Ovia, on the other hand, rings a bell to few. Jim Ovia is one of the biggest names in Nigeria's banking sector and the Zenith Bank Chairman. They respond to her love with even greater love and enthusiasm thus it is always difficult for anyone to know that she isnt their real mother. Jim Ovia is among the first ten richest bankers in Nigeria. You can email the site owner to let them know you were blocked. Ranked 325th in the world (The Banker, Top 1000 World Banks, 2016), Zenith Bank has over $16bn in assets today across over 300 branches in Nigeria, with a strategic international presence in the UK, Dubai, China, Ghana, Sierra Leone and the Gambia. Godwin Emefiele, the Governor of the Central Bank of Nigeria, and Jim Ovia, the Chairman of Zenith Bank Plc, have become embroiled in a major tax evasion scandal in Europe as a result of revelations that they most likely avoided the payment of approximately 11 million in value-added tax while importing luxury jets into the European Union. Canadian twin-menace, Jyoti and Kiran Matharoo, in police net for trying to blackmail Femi Otedola with their website, naijagistlive, Nigeria to Spend Abacha Loot on Second Niger Bridge, Lagos-Ibadan, Abuja-Kano Expressway Malami, Indian twin-menace: Nigerias most promiscuous sisters, Jyoti and Kiran Matharoo. Described as the Godfather of banking in Nigeria by Forbes Africa, Jim Ovia is quite popular for his business dexterity and leadership skills, especially in the banking sector. An inspiring profile it is. He foundedZenith Bankin 1990. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. Discover Jim Ovia's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. He founded Zenith Bank in 1990. Visionary businessman that he is, Ovia hardly sees things as they are. Femi Fani-Kayode expends fortune on mother-in-laws cancer treatment, CBN Speaks On Viral Report Of Planning To Stop New N1000, N500, N200 Notes, Tinubu Battles Intrigue As Masari, El-Rufai, Bagudu Jostle for SGF Slot, Kano Gov-Elect Will Review Sanusis Dethronement Kwankwaso, And the Matharoos meet their waterloo! Despite retiring from the position as CEO, he was appointed Non-Executive Director and Chairman, Board of Directors, four years later. Jim Ovias impact on the Nigerian economy has been acknowledged by multiple governments, and in recognition of this, he was made a Member of the Federal Republic (MFR, 2000) and a Commander of the Order of Niger (CON, 2011). He is from Nigerian. Delta Governor, Senator Dr.Ifeanyi Okowa (middle), his wife, Dame Edith Okowa (left), and the Chairman, zenith Bank Plc, Mr. Jim Ovia ,(right) ,during his condolence visit to the Governor over the . Ranked 325th in the world (The Banker, Top 1000 World Banks, 2016), Zenith Bank has over $16bn in assets today across over 300 branches in Nigeria, with a strategic international presence in the UK, Dubai, China, Ghana, Sierra Leone and the Gambia. Jim Ovia Chairman and Founder, Zenith Bank. In close proximity to this structure, he constructed the Civic Towers, a 15-story office complex that is often jokingly referred to as Nigerias Empire State Building. He founded Cyberspace Limited to offer internet services and Visafone Communications Limited to offer telecommunications services. In 2017, the Bank issued a 500 million dollar Eurobond, which was oversubscribed by a factor of four and priced at a level that was superior to the comparable home country sovereign bond. Ovia also founded the Quantum Group, Inc, where his wife, Kay Ovia, is CEO. READ MORE:What weve learnt so far from Jim Ovias Africa Rise And Shine. And he pioneered the Affairs of Managingthe Bank for 20 years before Retiring in 2010. Learn how your comment data is processed. He also set up the Lagos Marriott Hotel, as well as the Aquamarine Boat Club, and the Civic Towers, a 15-story office block. My oldest brother, who was almost twenty years my senior and working in Lagos, sent part of his wages home each month to help pay my school expenses.. The bond between Jim Ovia, wife 21st August 2022 By Tofarati Ige An undisputed billionaire, Jim Ovia, is one man who does not fancy the limelight, except it has to do with his vast. In October 2022, a Nigerian national honour of Commander of the Order of the Federal Republic (CFR) was conferred on him by President Muhammadu Buhari. Cause of Death, Bio, Age, Husband, Children, Net Worth, Victor Radley Bio, Age, Parents, Siblings, Nationality, Wife, Children, Height, Weight, Net Worth, Chaitanya Master Dhee Bio, Wiki, Cause of Death, Age, Wife, Children, Net Worth, Who is Craig Chamberlin? Learn how and when to remove this template message, Commander of the Order of the Federal Republic, "Jim Ovia: From a clerk to founder of Nigeria's most profitable bank", "Founder Of Zenith Bank Publishes Inspirational Business Guide", "Celebrating Banking Wizard, Jim Ovia, at 69", "Jim Ovia is one of Nigeria's most successful businessmen - here's how he makes and spends his money", "Adversity Teaches Us to Innovate - Jim Ovia", "Nigerian Multi-Millionaire Banker Jim Ovia Becomes Chairman Of Zenith Bank", "Jim Ovia Is A Zenith Man - Konnect Africa", "ZENITHBANK.NG Company Profile & Executives - Zenith Bank PLC - Wall Street Journal", "Nigerian Banking Tycoon Jim Ovia To Sell Stake In Telecoms Firm To MTN", "Jim Ovia Releases "Africa, Rise and Shine" with ForbesBooks", "FULL LIST: 2022 National Honours Award Recipients The Nation Newspaper", https://en.wikipedia.org/w/index.php?title=Jim_Ovia&oldid=1142557753, Short description is different from Wikidata, BLP articles lacking sources from October 2022, Articles with unsourced statements from January 2023, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 02:47. Jim Ovia is among the first ten richest bankers in Nigeria. In addition to the Lagos Marriott Hotel and the Aquamarine Boat Club, he also owns the over 15-story Civic Towers, which are properties that are together worth billions of Naira and are located in various parts of the country. [3][4], He is the founder of Zenith Bank Plc,[5] Nigeria's tier-1 bank and one of the most profitable financial institutions in Nigeria until 2010, when he moved into the chairman role. According to Forbes, Jim Ovia is projected to have a net worth of $550 million at the present time. His father was one of the most revered chiefs in Agbor Kingdom, Delta State.. Jim James Ovia(born November 4, 1951) is a Nigerian businessman, a native of Agbor in Delta State. READ ALSO: CBN debits banks another N459.7 billion for failure to meet CRR target. He is the founder and Chairman of Mankind United to Support Total Education . Zenith Bank now has approximately $16 billion in assets disbursed over over 300 locations in Nigeria. The delectable wife of Zenith Bank chief, Jim Ovia, effortlessly combines motherhood and wifehood in the same girth. Always visitNewsWireNGRfor latest naija news and updated naija breaking news. READ ALSO: Tether: King of digital dollar-denominated asset. According to Forbes, Jim Ovia has an estimated net worth of$550 million. We don't have much information about He's past relationship and any previous engaged. He is the chairman and largest individual shareholder with a stake of slightly more than 9% stake. The two men are among a number of personalities around the world believed to have used artificial leasing schemes to avoid VAT on jets imported into the EU, PREMIUM TIMEShadreported. Jim Ovia Biography, The family of Obi Olihe of Agbor-Obi includes Jim Ovia, who is the second son in the family. He held managerial positions at International Merchant Bank(IMB), Lion Bank,Merchant Bank, etc. One of the most significant data breaches in history is represented by the 1.4 terabytes of information that has been nicknamed the Paradise Papers. This breach includes 13.4 million individual records. He is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). The latter was sold to MTN, Africas largest telco, for an undisclosed sum in 2015. degree in Business Administration fromSouthern University, Baton Rouge, Louisiana, USA (1977). Before his life as the CEO of Zenith Bank, Jim Worked at various places in the Financial Sector which helped build his passion in Starting his own company. She also sits on the Board of several organisations. His memoir, Africa Rise And Shine was presented in 2018 with all his business secrets and life philosophies. After his Primary Schooling, Jim proceeded to Ika Grammar School, Bojiboji- Owa for his Secondary Education where he Obtained his WASSCE. Her stated motive is to unearth gems that might otherwise forever remain undiscovered due to deprivation. Jim Ovia and Wife, Kay Jim Ovia Net Worth Jim Ovia has an estimated net worth of $550 million, according to Forbes. He had his primary education in Delta State, after which he enrolled at the prestigiousIka Grammar School, Bojiboji-Owa for his secondary education. Femi Otedola amassed his wealth mainly from investments in the oil and gas, insurance, and shipping sectors. In 1990, Jim Started Zenith Bank after there was a decision to deregulate banking Sectors which were not performing up to Expectation in Nigeria. He is the founder and Chairman of Zenith Bank Plc, one of Nigeria's largest and most profitable banks. As at 1990 when Zenith bank kicked off operations, there were not many buildings specifically designed for commercial or corporate purposes, so they started at a residential building which they shared with a young couple on one wing, with the bank on the other. [11][12] He is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). An avid fan of iconic architecture, he developed the Civic Centre and Aquamarine Boat Club to exploit Nigerias burgeoning hospitality sector. He is also an Alumnus ofHarvard Business School(OPM. He had always instilled a high level of corporate governance across the Bank; enabling it to achieve a $850m GDR listing on the London Stock Exchange in 2013. Some of my colleagues said we cant use red for a bank because it signifies danger, or war. Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. He founded Zenith Bank in 1990. His exceptional skills and achievements have been severally recognized, and he has received awards such as the Professional Leadership Award at Zik Awards, 1999; Vanguards 20 Most Outstanding CEOs in Corporate Nigeria in 2002; Lifetime Achievement Award at Africans Bankers Award 2015; as well as the prestigious Commander of Order of the Federal Republic of Nigeria which he received in 2011. Pomp and grandeur as Governor Ambode launches One Lagos brand, BREAKING: Ex-PDP BOT Chairman, Tony Anenih, Dies At 85, Debt and disease! var size='300x250', He is the founder and Zenith Bank and also the largest individual shareholder of the bank. The name Jim Ovia certainly rings a bell for every man and his dog. To further equip himself, he worked as part- time computer operator at the defunct Baton Rouge Bank and Trust Company. According to reports from PREMIUM TIMES, the two individuals are among a number of prominent people throughout the world who are suspected of using phony leasing schemes to avoid paying VAT on jets that were brought into the EU. In his role as Chairman of Prudential Zenith Life Assurance Limited, he oversaw the historic partnership between Prudential UK, one of the largest life insurance companies in the world, and Zenith Life, Nigerias most rapidly expanding life insurance company. She is hardly likely to shun a well-meaning invitation. Jim was the Brain behind Visafone Communications Limited in 2007 and by 2015, it got acquired by MTN. Jim Ovia Marriag:Kay Ovia, she istheMD/CEO at Quantum Markets Ltd. Jim Ovia Children:Jim Ovia is married to Kay Ovia and their union is blessed with five children Isioma, Zephia, Tito, Tomi and Jesse. degree in Business Administration from Southern University, Baton Rouge, Louisiana, USA in 1977. "When . Now, this is the sort of cool life we should all aspire to have! Ruth, thanks for putting this piece of concise information relating to the Genesis of Zenith Bank and partly early life of Ovia together. Meet the co-founders and their net worths, Meet Ons Jabeur, Africa's best tennis player, Meet Robert Ross the young man dating Phoebe, Bill Gates's daughter, Meet Ishaya Tanko, the non-Plateau indigene appointed 10th Unijos VC, Umar Namadi Dammodi: Biography, Age, Wife, Career, Controversy, and More, Things you may not know about Simon Ekpa, IPOB's Nnamdi Kanu, Finland-based disciple, Francis Nwifuru: Biography, Age, Wife, Children, Career, Controversy and More, Umo Eno: Biography, Age, Wife, Career, Source of Wealth, Controversy, and More. He had his primary education in Delta State, after which he enrolled at the prestigiousIka Grammar School, Bojiboji-Owa for his secondary education. We recommend you to check the complete list of Famous People born on 4 November. As the Chairman of Prudential Zenith Life Assurance Limited, he oversaw the landmark partnership of Prudential UK; one of the worlds largest life assurance companies and Zenith Life Nigerias fastest growing life assurance company. Jim James Ovia(born November 4, 1951) is a Nigerian businessman, a native of Agbor in Delta State. //

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