According to a recent disclosure on the Nigerian Stock Exchange, Adaora Umeoji, CEO of Zenith Bank, has invested approximately N3.3 billion in the acquisition of 68.8 million units of the bank's shares. Prior to this investment, Umeoji held approximately 90.2 million shares of Zenith Bank, in addition to 1.7 million indirect units, with a combined value of N4.32 billion. For Umeoji, this investment represents more than just a financial transaction; it serves as a testament to her confidence in the bank's future prospects. Having joined Zenith Bank as a youth corps member in 1998, Umeoji has risen through the ranks to become one of the bank's most prominent figures. In 2024, she was the highest-paid employee in Nigeria's banking industry, earning N874 million. Consequently, Umeoji benefits financially from the bank in two ways: through her salary and dividend earnings from her shares.
According to a recent disclosure on the Nigerian Stock Exchange, Adaora Umeoji, CEO of Zenith Bank, has invested approximately N3.3 billion in the acquisition of 68.8 million units of the bank's shares. Prior to this investment, Umeoji held approximately 90.2 million shares of Zenith Bank, in addition to 1.7 million indirect units, with a combined value of N4.32 billion. For Umeoji, this investment represents more than just a financial transaction; it serves as a testament to her confidence in the bank's future prospects. Having joined Zenith Bank as a youth corps member in 1998, Umeoji has risen through the ranks to become one of the bank's most prominent figures. In 2024, she was the highest-paid employee in Nigeria's banking industry, earning N874 million. Consequently, Umeoji benefits financially from the bank in two ways: through her salary and dividend earnings from her shares.