Zenith Bank’s GMD Emerges Best CEO, Gets Awarded

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Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year.
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year.

For the second year in a row, Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has won the International Banker 2024 Banking Awards’ Best Banking CEO of the Year in Africa category.For the second year in a row, Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has won the International Banker 2024 Banking Awards’ Best Banking CEO of the Year in Africa category.

The prize and Onyeagwu’s five-year term’s end fall on Friday, as noted in the International Banker Magazine, United Kingdom, Spring 2024 issue.

On Monday, Onyeagwu expressed felicity at the award in a statement. According to him, “It is indeed an honour to be recognised as the ‘Best Banking CEO of the Year in Africa’ for a second consecutive year. This award is a testament to our team’s collective efforts and our commitment to innovation, growth, and delivering value to our customers and stakeholders. “It also reflects our dedication to sustainability and high ethical standards, which are integral to our overall strategy. I am immensely proud of our accomplishments and look forward to future opportunities for the bank as I hand over the baton to my successor and begin the mandatory regulatory cooling-off period.”

Onyeagwu dedicated the prize to Dr. Jim Ovia, the bank’s founder and chairman, for his mentorship, which was essential to his success as group managing director and chief executive officer; to the staff and management of the bank for their steadfast dedication over the previous five years; and to the bank’s patrons for their steadfast support.

Continuing, Onyeagwu oversaw the bank’s achievement of important benchmarks in sustainability, corporate governance, financial inclusion, and performance.

The bank has won various national and international accolades as a result of these accomplishments, including Best Bank for Digital Solutions in Nigeria by the Euromobey Awards 2023 and Best Bank in Nigeria four times in five years from 2020 to 2022 and in 2024 by the Global Finance World’s Best Bank Awards.

It was identified as the top bank in Nigeria by Tier-1 Capital for the fourteenth year running in the 2023 Top 1000 World Banks Ranking released by The Banker Magazine. It was also included in the World Finance Top 100 Global Companies list in 2023.

The World Finance Banking Awards named Zenith Bank the best commercial bank in Nigeria for three years running, from 2021 to 2023; the World Finance Corporate Governance Awards named it the best bank for corporate governance in Nigeria for two years running, from 2022 and 2023; The Banker’s Bank of the Year Awards named it the bank of the year in 2020 and 2022; and Ethical Boardroom named it the best bank for corporate governance financial services in Africa for four years running, from 2020 to 2023.

Additional accolades include Best Commercial Bank in Nigeria, Most Sustainable Bank in Nigeria, and Best Innovation in Retail Banking in Nigeria at the International Banker 2022 Banking Awards.

Also, he was appointed as the group managing director/chief executive officer on June 1, 2019, as part of Zenith Bank’s succession planning strategy.

He would hand over the reins of leadership of the bank to the first female GMD, Dr Adaora Umeoji.

However, in honour of Zenith Bank’s exceptional risk management procedures and contributions to the larger financial community, the Chartered Risk Management Institute of Nigeria awarded its fellowship Onyeagwu last Thursday