Adaora Umeoji, the CEO of Zenith Bank, has bought 68.8 million shares of the bank worth about ₦3.3 billion.
Before the purchase, she already owned around 90.2 million shares directly and an additional 1.7 million shares indirectly.
This share investment, disclosed through the Nigerian Exchange, reflects her confidence in the bank she joined as a youth corps member in 1998.
Umeoji sees her purchase as more than financial gain—it’s a vote of confidence in the bank’s future under her leadership.
“This move is more than an investment; it is a vote in the future of the bank that she leads,” her statement read.
She is the first female Group Managing Director/CEO of Zenith Bank, assuming office in June 2024.
Umeoji Tops Paycharts with ₦874 Million in 2024
Umeoji also emerged as Nigeria’s highest‑paid banker in 2024, earning ₦874 million despite serving only the last seven months of the year.
Her monthly salary averaged about ₦124.9 million.
Zenith Bank has successfully raised its share capital and share premium to a total of ₦614.65 billion.
This exceeds the Central Bank of Nigeria’s ₦500 billion recapitalisation requirement. Access Holdings follows with ₦594.9 billion.
This strong capital position reinforces Umeoji’s confidence in growing the bank further.
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