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Adaora Umeoji - DMD Of Zenith Bank

Umeoji Back at Zenith Bank: A Sign of Stability and Growth

Zenith Bank Plc has re-appointed Dame (Dr.) Adaora Umeoji, OON as its Deputy Managing Director (DMD). The announcement was made in a statement filed with the Nigerian Exchange. The statement read:

Zenith Bank Plc “The Bank” hereby informs its shareholders, NGX and the investing public that the Central Bank of Nigeria (CBN) has given its ‘No Objection’ to the re-engagement of Dame (Dr) Adaora Umeoji as Deputy Managing Director (DMD) of the bank. The re-engagement is effective August 2, 2023.

Nigerian Exchange (View Statement here)

Recall that in March 2023, Zenith bank announced Dr Umeoji’s retirement. This was based on an earlier CBN policy which puts a restriction on the number of years for senior Executives occupying Executive position.

Brief Business Profile of Dame (Dr.) Adaora Umeoji, OON

Umeoji is a graduate of the University of Nigeria, Nsukka, and holds a doctorate in Business Administration from the University of Lagos. She is also a fellow of the Chartered Institute of Bankers (CIBN) and the Institute of Directors (IoD).

Umeoji has held a number of senior positions at Zenith Bank, including Executive Director, Head of Retail Banking, and Head of Corporate Banking. She has also served as a board member of several companies.

In her returning role as DMD, Umeoji will be responsible for leading the bank’s retail and corporate banking businesses. She will also be a member of the bank’s executive committee.

Dr Adaora Umeoji, DMD of Zenith Bank

CBN Tenure Extension for Bank’s ED and DMD

The extension of tenure based on the CBN publication (Ref No. FPR/DIR/PUB/CIR/001/078) will allow experienced and qualified bankers like Umeoji to continue playing leading roles in the development of the banking industry. It will also help to ensure continuity and stability at the top of banks.

The CBN’s approval for the extension of the tenure of Executive Directors and Deputy Managing Directors of banks is a significant development. It is a sign that the CBN is committed to ensuring the stability and growth of the banking industry.

Conclusion

Umeoji, who was first appointed DMD in 2016, has over 20 years of experience in the banking industry. She is a highly respected banker and has been recognized for her leadership and people management skills.

The reappointment of Dame (Dr.) Adaora Umeoji as DMD of Zenith Bank is a sign of stability and growth for the bank. Her reappointment is a vote of confidence in her abilities and a testament to her outstanding performance.

Congratulations to Dr. Adaora Umeoji! I am sure she will continue to do great things for Zenith Bank.

Emmanuel Iwegbue

I am a passionate writer with a keen interest in SMEs and fostering economic growth. I focus on empowering businesses to thrive and contribute to Nigeria's economic development.

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