Nigeria boasts a slew of successful CEOs in
almost every sector – banking, oil and gas,
sports, health and manufacturing. LEADERSHIP
Friday unveils some of Nigeria’s highest paid
CEOs and the stories behind their rise to the
top, based on authoritative reports, between
2009 and 2012.
CEO, Stanbic IBTC, Sola David-Borha
As the managing director/CEO of Stanbic IBTC
Holdings Plc, David-Borha is one of the
country’s highly-rated bankers. She is the
highest paid director in Nigeria’s banking
sector, with an annual remuneration of N177m.
When broken down, this becomes N484, 931
daily, including weekends when may have no
reason to go to work..
CEO, Mobil Oil Nigeria Limited, Tunji
Oyebanji
Mobil Oil Nigeria (MON) is one of Nigeria’s
major petroleum products marketing
companies. As its chief executive officer,
Oyebanji is on an annual remuneration of
N85m. When broken down, this amounts to a
daily pay of about N231, 956. CEO, GTBank, Olusegun Agbaje
The managing director/CEO of Guaranty Trust
Bank (GTB), Olusegun J.K. Agbaje, is rated as
one of the country’s highest paid CEOs. His
GTB prides itself as “the biggest and most
profitable bank in Nigeria” and one of the
biggest companies on the shores of West
Africa. Agbaje co-founded the GTB in 1990 with
Tayo Aderinokun who died in 2011.His annual
take-home is a whopping N77m.
CEO, Oando Plc, Jubril Adewale Tinubu
According to recent financial reports, the
second highest paid CEO in the oil sector is
Wale Tinubu, with a total annual remuneration
of N69m, an equivalent of N189, 041 per day.
CEO, Forte Oil Plc, Akin Akinfemiwa
Forte Oil Plc. (formally African Petroleum Plc.) is
a foremost indigenous major marketer of
refined petroleum products with strong
presence in the 36 states of the federation and
Abuja. According to recent reports, as its group
chief executive officer, Akinfemiwa’s annual
salary is N64m (N175, 342 per day).
CEO, UBA, Phillips Oduoza
Phillips Oduoza is the chief executive officer,
group managing director, and an executive
director of the United Bank for Africa (UBA) Plc.
He is one of the highest paid CEOs in the
banking sector, with an annual remuneration of
N57m (as at 2010). It suffices to say that
Oduoza is one of the few who can beat their
chest in fulfilment of a banking career.
CEO, Ecobank Nigeria, Jubril Aku
According to a Banks’ Financial Transparency
report, as at 2009, the bank ranked second on
the list of highest paid bank CEOs in Nigeria,
with N88m per annum as salary for its CEO.
But the bank reportedly slashed the CEO’s
emolument to N38m per annum, perhaps, as a
measure against financial stress.
leadership.ng/news/221113/nigeria-s-highest-paid-ceos

I have met Sola personally and have come to love her humility. she is extremely intelligent. wish them well.


The irony is that when lay men see these figures, they belive that all bankers earn well. Dependency ratio on them rises and so the financial pressure.
they should keep setting the pace. I hope to pay myself far more in the nearest future. My hands are blessed to work

See career success.

God help me