A cursory look at tier one banks christened FUGAZ (First Bank, UBA, Guaranty Trust Bank, Access Bank and Zenith Bank ) shows Zenith Bank, has the lowest number of females on its board for the financial year ended 2016. The bank has just one female board member Ms Adaora Umeoji who was appointed Deputy Managing Director (DMD) in October 2016. Chief Mrs Chinyere Asika who was previously on the board retired in 2015.

Background to the policy
A former Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, had in April 2014 put in place a policy stating that at least 30% of the board seats of Nigerian banks will be held by women. 40% of senior management positions were also to be held by women. In addition, banks were also mandated to publish their gender positions in their annual reports. That is the ratio of male to female staff.




READ MORE: https://nairametrics.com/zenith-bank-has-the-lowest-number-of-female-board-members-among-tier-1-banks/


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