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Of the notable titans that contributed to modern banking in Nigeria, Tony Elumelu and Jim Ovia
are the remaining two, having just re-emerged on the scene.
The return of Jim Ovia
and Tony Elumelu is expected to ignite a level of vibrancy in the Nigerian Banking landscape as these individuals could be described as Banking-Preneurs.
To my mind, banks that can't cope with the reasoning and the agility of Jim Ovia
and Tony Elumelu will play low in the emerging dispensation.
I observed that Tony Elumelu and Jim Ovia assumed the position of Chairmanship of their different institutions all within one month interval.
GAME CHANGER: JIM OVIA
History stands to place Jim Ovia
as the last of 'the titans' of Nigeria's new generation bank.
While some of his
compatriots are dead, the rest are retired either as victims of high level boardroom politics, regulatory changes in policies guiding Nigerian banks or old age.
Perhaps by cheer luck, the force of acumen or age; Jim Ovia
had survived boardroom politics to become boardroom guru.
is hardly heard openly or seen everywhere but yet, remains a strong voice and an imposing image, not only in the financial market but in Nigeria's corporate circle.
While many of his peers in the financial market were regrettably swept off by the wind of regulatory changes without an immediate redemption, Jim Ovia on July 16, 2014 emerged to lead again as the chairman, the bank he had started as a young Chief Executive.
The four years within which he
left as the Chief Executive Officer of Zenith Bank Plc
was enough for him to venture into areas beyond banking with strong presence.
WHAT IS JIM BRINGING BACK TO ZENITH?
, The journey back to Zenith Bank Plc
as the Chairman is a home coming and back into the ambience of the environment he
built from the foundation.
It is a coming back as a father to the people whose big uncle he
The same set of people he
probably employed, nurtured, groomed and developed to become who they are today.
It is a coming back to lead the team, once more, not again as a mere Commander but as the Generalissimo.
can only come back to Zenith Bank plc
to build upon the foundation he
laid by himself, bringing with him, the reminiscence- the good and bad experiences of a starter and now, the experience to achieving the set goals that was truncated by regulatory changes.
If the force of people is anything to be considered in equity investment, the second coming of Jim Ovia to lead Zenith Bank plc at the highest position confers a long term buy rating on Zenith Bank Plc stock.