Adaora Umeoji, Zenith Bank CEO.
By Tunde Alabi
Zenith Bank’s CEO, Adaora Umeoji, spent about N3.3 billion to purchase 68.8 million units of Zenith Bank, according to the bank’s disclosure today on the floor of the Nigerian Stock Exchange.
Before her recent investment, she owned about 90.2 million shares of Zenith Bank, with an additional 1.7 million indirect units, all worth N4.32 billion.
For Adaora, this move is more than an investment; it is a vote in the future of the bank that she leads as the CEO, a bank that she joined as a corper in 1998.
She was the highest-paid employee in the Nigerian banking industry for the year 2024.
She earned N874 million in 2024. So, she makes money from both ways in Zenith Bank, her income from the salary the bank pays her and her dividend earnings from her investment and the shares she has in the bank.
She is one of the few billionaires who are employees with 9 to 5 job in Nigeria. An exception to what motivational speakers say it is not possible!
