I was wondering the other day about the long serving (EVERLASTING) MDs of our banks. Messrs Tony Elumelu of UBA, Jim Ovia of Zenneth Bank, Erastus Akingbola of Intercontinental Bank, Cecilia Ibru of Oceanic have all been at the helm of these banks for two decades. Yes, 20 YEARS: 1989- 2009.


Would it be good for the banking industry if these SUPER CEOs simply bow out and leave the scene for younger ones? Do they still have any idea about what modern banking really is? Should the CBN edge them out one way or the other? Twenty years on the same position in private companies with boards of directors is rather sickening. What are the boards doing or do these CEOs own these banks personally? Where is corporate governance in these companies?

What do you think? Please post your contributions.