It’s a dog-eat-dog world out
there, they say, but others still
find a way to be the top dog in
their fields. Becoming a chief
executive officer in Nigeria
takes serious commitment,
sacrifice and intellectual ability
than the average man is willing
to part with, and this is why the
lives of CEO’s often appear to
be shrouded in mystery. They
are like demi-gods, towering
over the rest of humanity…
This is a peek into the lives of
the highest-paid CEOs in
Nigeria:

Sola David-Borha, CEO OF
STANBIC IBTC
This interesting woman is the
MD/CEO of Stanbic IBTC
Holdings Plc. She is the highest
paid director in our banking
sector. Her annual take-home
pay? N177m. if we want to
break this down, we’re saying
she earns N484,931 daily (and
that’s with weekends included)

Tunji Oyebanji, CEO of Mobil
Oil Nigeria Ltd
CEO of Mobil Oil Nigeria
(MON), one of the major
petroleum products marketing
companies in Nigeria, Tunji
Oyebanji has an annual pay of
N85m which, when broken
down, translates to, give or
take N230,000 daily.

Olusegun Agbaje CEO,
GTBank
Olusegun J.K. Agbaje founded
GTBank with Tayo Aderinokun
(who died in 2011) in 1990, and
since then this bank has grown
into what it is today. His yearly
income is N77m.

Jubril Adewale Tinubu, CEO,
Oando Plc
Financial reports put Wale
Tinubu as the second highest-
paid CEO in the oil sector. He
makes, annually, a total of
N69m.

Akin Akinfemiwa, CEO, Forte
Oil Plc
The CEO of this oil company,
which was formerly known as
African Petroleum Plc, is said to
be worth N64m annually.

Philips Oduoza, CEO, UBA
Philips Oduoza, apart from
being the CEO of UBA, is also its
group managing director and
executive director. He has an
annual income of N57m (2010
statistics)

Jubril Aku, CEO, Ecobank
Nigeria
When a Financial Transparency
report for Banks was released
in 2009, Jubril Aku was ranked
the second highest paid CEO in
the banking sector with an
annual income of N88m, but
since then, his salary has been
slashed to N38m per month – it
is speculated that this was done
because of financial stress the
bank was facing.

Godwin Emefiele, CEO, Zenith
Bank
Godwin succeeded Jim Ovia,
pioneer CEO of Zenith Bank in
2010, and his track record since
then seems to confirm that he
has done well for himself. He is
also among the highest paid
CEOs in the banking sector.
Stanbic IBTC, Mobil Oil Nigeria

Why is Godwin Emefiele's annual income not mentioned?