Jim Ovia steps down as chairman of Zenith Bank.

Zenith Bank has revealed that its founder and group chairman, Jim Ovia, will be retiring after reaching the end of his tenure.

The announcement was made on Tuesday during the bank’s ongoing 35th Annual General Meeting.

The bank said Ovia stepped down after completing the mandatory 12 years as a non-executive director and chairman, in compliance with the corporate governance guidelines issued by the Central Bank of Nigeria.

Ovia became the bank’s chairman on July 16, 2014. He returned to the position after previously serving as the bank’s founder and Group Managing Director/CEO from 1990 to 2010.

Details later…