Zenith Bank’s Adaora Umeoji Is The 11th Female CEOs Of Nigeria Banks 


THE announcement by Zenith Bank Plc of Dr Adaora Umeoji as its new Group Managing Director and Chief Executive Officer said to be the first female to hold such a position in the long history of the bank, also meant a further consolidation of the position by the female folks.

A cursory analysis of the topmost position of Nigeria’s Money Deposit Banks by Eighteen-Eleven Media reveals that at least eleven of the banks now have their affairs presided over by female folks. 

The list includes:

  1. GT Bank: Miriam Olusanya
  2. Union Bank: Yetunde Bolanle Oni
  3. Access Holdings Plc: Bolaji Agbede
  4. Fidelity Bank: Nneka Onyeali-Ikpe
  5. Zenith Bank: Adaora Umeoji
  6. Citi Bank: Ireti Samuel-Ogbu 
  7. SunTrust Bank: Halima Buba
  8. FCMB: Yemisi Edun
  9. FSDH Merchant Bank: Bukola Smith
  10. Lotus Bank: Kafilat Araoye
  11. Unity Bank: Oluwatomi Ayodele Somefun

Meanwhile, announcing Adaora Umeoji’s appointment on Tuesday, in a statement signed by the company secretary, Michael Otu, which was filed with the Nigerian Exchange Limited, the bank said her appointment will take effect from 1 June  2024, following the expiration of office of the current GMD, Dr Ebenezer Onyeagwu, on 31 May 2024.

Dame (Dr) Adaora Umeoji is the first female GMDCEO since the inception of the bank, and her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within,” part of the statement read.

Before this appointment, Umeoji was the Deputy Managing Director of the bank since October 28, 2016, and with nearly 30 years of banking experience of which 26 years has been with Zenith Bank.

She is an alumnus of Harvard Business School, where she attended the Advanced Management Programme.

Umeoji is also an alumnus of Columbia Business School with a Certificate in the Global Banking Program.

She holds a bachelor’s degree in Sociology from the University of Jos, a Bachelor’s degree in accounting, and a first-class honours degree in law from Baze University, Abuja.

She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.

Umeoji also holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA.


Eighteen-Eleven Media 


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