Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend - Business

Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend (11593 Views)

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Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Tabithatim(op): 11:07am On Apr 08

Jim Ovia, Chairman of Zenith Bank, is set to receive approximately N50.7 billion from the bank’s final dividend for the 2025 financial year.

The lender declared a final dividend of N8.75 per share, and with Ovia’s total holdings of 5.8 billion shares including 4.15 billion directly and 1.66 billion indirectly he emerges as the largest beneficiary.

While his total number of shares increased from 5.08 billion in 2024, his percentage stake in the bank fell from 16.19% to 14.13%. Combined with a previously declared N1.25 interim dividend, Ovia’s total earnings from Zenith Bank dividends are even higher.

Other top executives also saw their shareholdings and dividend earnings rise. Group Managing Director Adaora Umeoji increased her stake to 287 million shares, earning an estimated N2.5 billion in final dividends.

Several directors will receive payouts proportional to their shareholdings:

Henry Oroh – N275 million (31.43 million shares)
Adobi Nwapa – N263.8 million (30.16 million shares)
Akindele Ogunranti – N245.9 million (28.1 million shares)
Lawani Adamu – N116.4 million (13.3 million shares)
Louis Odom – N113.6 million (12.98 million shares)

Among non-executive directors, payouts are smaller:

Chuks Emma Okoh – N5.4 million (619,776 shares)
Juliet Ehimuan – N1.1 million (128,906 shares)
Pamela Mimi Yough – N1.4 million (159,941 shares)
Independent non-executive directors without shareholdings, including Mustafa Bello, Al-Mujtaba Abubakar, Omobola Ogunfowora, Peter Bamkole, and Rislana Abdulazeez, are not eligible for dividends.

Zenith Bank intends to distribute a total of N359 billion as a final dividend, bringing total dividends for 2025 to approximately N410.7 billion, pending approval at the upcoming annual general meeting.

The bank posted a net profit of N1.04 trillion, up slightly from N1.03 trillion in 2024, with gross earnings rising to N4.19 trillion. Total assets grew to N29.96 trillion, customer deposits reached N22.68 trillion, and total equity increased to N3.67 trillion.

Shareholders will approve the final dividend at the annual general meeting before payments are made.

https://applesbite.com/zenith-bank-chairman-jim-ovia-to-pocket-n50-7-billion-from-2025-dividend/

4 Likes 3 Shares

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by LagosOrigin: 11:15am On Apr 08

That's a lot of money walahi

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by iichidodo: 11:15am On Apr 08

I hope it's not cash because he can convert it into a buy back of zenith shares in the stock market and increase the stock value of his portfolio which improves his net worth exponentially...

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Sukakma(m): 11:17am On Apr 08

50.7 billion naira
Good God

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by jetson06: 11:17am On Apr 08

Abeg does Uncle Jim have any daughter that is single? I promise that I will be a loyal husband and forsake all other women. I go marry am even she get halitosis.

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by ifytrik(m): 11:17am On Apr 08

When I de struggle to save 3.6million naira per year, God abeg I no escort anybody come this world o

24 Likes

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by helinues: 11:19am On Apr 08

On paper.. Bankers/real business men money are tied with something sha ni

30 Likes

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Eagle77(m): 11:20am On Apr 08

I will never be poor in my life!!! Jesus Christ shocked

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Oakenshield: 11:21am On Apr 08

See money for one man generation dn sure

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Dshocker(m): 11:22am On Apr 08

ifytrik:
When I de struggle to save 3.6million naira per year, God abeg I no escort anybody come this world o

So many Nigerians can't save 360k(10%) of your money, so go and do thanksgiving.

33 Likes 3 Shares

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Mindlog: 11:22am On Apr 08

jetson06:
Abeg does Uncle Jim have any daughter that is single? I promise that I will be a loyal husband and forsake all other women. I go marry am even she get halitosis.

Unfortunately, you are not within their bracket.😂😂😂

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Dshocker(m): 11:23am On Apr 08

Eagle77:
I will never be poor in my life!!! Jesus Christ

Then put in the work, and stop using such words.

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by IamAtAnger: 11:24am On Apr 08

You're not as bright as u presume to be in ur mind

iichidodo:
I hope it's not cash because he can convert it into a buy back of zenith shares in the stock market and increase the stock value of his portfolio which improves his net worth exponentially...

6 Likes

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by youngsahito(m): 11:26am On Apr 08

They pay themselves billions while contract staffs received peanut. This is a big slap to labour union leaders.

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by kuntash: 11:27am On Apr 08

jetson06:
Abeg does Uncle Jim have any daughter that is single? I promise that I will be a loyal husband and forsake all other women. I go marry am even she get halitosis.

This is the thinking or mindset of those who collect a bag of rice for 4yrs to vote anything they are asked to even if it's against their conscience.
Even if you call it a joke , swallow such thinking!

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by jaxxy(m): 11:30am On Apr 08

Shareholders in zenith bank are smiling to the bank but Jim is cashing out.

1 Like

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by MrJames007: 11:30am On Apr 08

Hope his security is tight.

1 Like 1 Share

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by zoghys: 11:31am On Apr 08

Tabithatim:
https://applesbite.com/zenith-bank-chairman-jim-ovia-to-pocket-n50-7-billion-from-2025-dividend/

In a bank where the teller get paid less than 100k even when they have been working there for more than 10 years.

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by CodeTemplar: 11:31am On Apr 08

iichidodo:
I hope it's not cash because he can convert it into a buy back of zenith shares in the stock market and increase the stock value of his portfolio which improves his net worth exponentially...

net worth that 95% won't be consumed. Rich man wahala get im own unique pattern.

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by Offpoint1: 11:31am On Apr 08

If they're making these much profits, then no staff should earn less than 1.5 million.

5 Likes 1 Share

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by CodeTemplar: 11:33am On Apr 08

zoghys:
In a bank where the teller get paid less than 100k even when they have been working there for more than 10 years.

Thats why the divident is so high now. Imagine cut 200k X 12 months from 5000 workers. Thats no small dough.

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by AndroBlaze: 11:34am On Apr 08

Am I missing something here....seen my error.

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by owobokiri(m): 11:34am On Apr 08*

This sort of ultra capitalist economic set up will ultimately kill Nigeria.
We are following a very discredited economic model that allows a tiny percent of the population to take so much, while hoping that the "trickle down" ideology will sort out the poor. It is not working! Infact, it is this very economic ideology that is leading countries in the west to economic wastelands.

You can never hear or read of this kind of news from say China. And you wonder why they are trouncing all competitors?
This kind of hefty pay offs to some gluttonous bank chieftains in a country where the banking system does next to nothing other than providing loans to just traders for the importation of goods, while the real sector of the economy gasps for air, is self defeatist..

No country in the world has been able to develop and move from one stage of economic prosperity to the other, without a solid pro-nation banking system. Here, we have banks that basically service other countries economy by simply lending to traders who buy foreign. We have bank CEOs that are nothing but western proxies. We have banks that have been surrendered to certain families and groups, with little or no interest for the general growth of the whole country.
It will end in premium tears..

A failed banking system means a failed nation! The banks were not created to pay hefty dividends to directors and shareholders. Banks were created to lend to the REAL SECTORS OF THE ECONOMY in order to engender rapid economic progress..
That is not the case here...

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by UNIBENDON: 11:37am On Apr 08

Jim Ovia just dey fresh everyday!

Dividend income is like spiritual money!! cool

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Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by tym92(m): 11:37am On Apr 08

Make this man come adopt me, abeg...
I'm available for adoption oo

Re: Zenith Bank Chairman Jim Ovia To Pocket ₦50.7 Billion From 2025 Dividend by ojuu4u(m): 11:37am On Apr 08*

Meanwhile, 75% percent of the workforce in the banks are leaving from hand to mouth, I don't even know, if up to 50% are permanent staff.

Nigeria govt and NLC, will never look into such systems and correct anomalies.

With just 1% of total dividends, all the workers, will be happy and not regret of working in the organisation, after all, they are the machinery you are using to get the abundance you are sharing, but wen u are working in a society which is dy-functional, monkey would continue working and baboon continuing chop.

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