Zenith Bank. Like the famous saying goes; behind every successful man, there is a strong woman who has made his path to success smooth. He has a B.Sc. Jim Ovia comes from a large family and is the Second Born Son of his Father, Obi Olihe of Agbor-Obia, who is â¦ It was reported in the news that his company Conoil had failed to pay debts owed to multiple creditors including the French oil giant, Total. READ MORE: What we’ve learnt so far from Jim Ovia’s Africa Rise And Shine. Jim Ovia was born on the 4th of November, 1951 to the large family of Obi Olihe of Agbor-Obi, in Agbor, Delta State. Pagatech reached its first 1 million users within 2 years and since then, the number of its users has grown into tens of millions processing billions of dollars in transactions. Having caused the company to spend so much for nothing, he was fired from the job. While working at the SPDC, he also took a professional course to become an Energy Risk Professional (ERP). READ: Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries. Adenuga who is majorly into oil & gas and Telecom is the owner of GlobacomÂ and Conoil. Described as the ‘Godfather of banking in Nigeria’ by Forbes Africa, Jim Ovia is quite popular for his business dexterity and leadership skills, especially in the banking sector. Jim Ovia and his beautiful wife, Kay Ovia at the launch of his book, “Africa: Rise and Shine”. As Yoruba residents in a Hausa community, Razaq’s family became victims of targeted attacks. Jim Ovia is a business-growth thought leader, author, speaker, and coach impacting entrepreneurship in Africa and around the globe. He was succeeded by Godwin Emefiele, one of his pioneer staff who had grown through the ranks to become Deputy Managing Director. In May 1990, 20 shareholders founded Zenith International bank and Jim Ovia started to move in a completely different direction. He is also an Alumnus of Harvard Business School (OPM) This famous saying cannot be disapproved when it comes to some Nigerian billionaires who have someÂ women of steel who you may never have heard of that has made a huge difference in their success story. His message is inspiring entrepreneurs and investors worldwide to cultivate their passion, follow their instincts, and act with courage as they pursue business ventures that reach beyond their wildest dreams. An excellent profile of an icon….Great job Ruth. Another company owned by Adenuga, Bellbop, had an interim injunction placed on it by the High Court in Lagos, after it also failed to pay the $9.4 million owed to the US oil and gas firm, Baker Hughes. 5. Jim Ovia Biography And Early Career. Jim Ovia holds a master's degree in Business Administration from the University of Louisiana, Monroe, Louisiana, USA in 1979 and a B.Sc. He got his first degree in Business Administration from North Western Oklahoma State University and his MBA from Pace University, New York. He has dreams of dual-listing Paga on the NSE and NASDAQ in the nearest future. Ravishing Kay unleashes her inner woman on Zenith Bank The Capital NG Too many wives of Nigeriaâs bank chiefs give the impression that a life of vulgar luxury had rubbed them smooth. When Jim Ovia first took interest in computers and technology in college, he never thought it would lead him to be the founder of Zenith, the largest bank in Nigeria. Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. Pagatech has also partnered with the apex bank (Central Bank of Nigeria) on the Shared Agent Network Expansion Facilities initiative (SANEF) to grow the reach of agents providing financial services to 500,000 in order to ramp up inclusion for all Nigerians. The 69 years Old Magnate hails from the Eastern part of Nigeria precisely in Agbor which is located at the heart of Delta State. While in Lagos, he started his banking career in 1973 as a clerk at Union Bank, (formerly Barclays Bank) working at the branch at Oba Akran way, Ikeja. Nana is the beautiful wife of billionaire businessman, Femi Otedola who is the owner of Forte Oil Plc and is majorly into oil and gas but has other businesses in the finance, real estate, and shipping sectors. In 2009, Tayo founded Pagatech as a mobile payments solution focused on digitizing cash amidst new emerging economies. READ: Rich Bitcoin investor moved $175 million worth of BTC for just $0.84. He wanted to help Nigerians pay retailers, make purchases, and pay utility bills without having to handle so much money. So I similarly want to find ideas to invest in. Such innovation was not common at the time, as Nigeria was still very far from toeing the lines of a cashless economy. And unlike the present dispensation [â¦] Even as a student, the young Adenuga did not have things easy, and even had to hustle as a taxi driver in New York to pay for his university tuition. Those close to â¦ The 47-year-old is a pretty and classy mum of four children –Â DJ Cuppy,Â Olawunmi Christy,Â Temi, and Fewa.Â She is also the CEO of a dry cleaning business – Garment Care. He owns stakes in different companies in Nigeria including Stanbic IBTC Bank and Sterling Bank. He first attempted the University Matriculation Examination (UME) before taking his West African School Certificate Examination (WASCE). Elumelu’s better half holds a Bachelor of Medicine and Bachelor of Surgery degree from the University of Benin. Spend the little money you have today wisely. Mrs Ubah has a Bachelor of Science B.sc (Hons) degree in business administration as well as an MBA from Ahmadu Bello University, Zaria. “Traditionally, everyone attended primary education, and then secondary school, but up to 90 percent of the students combined schooling with some form of other works like manual works or learning a craft,” he explained. Fate, however, had other plans. All that was mandated was having a Chief Executive with at least 10 years banking experience, raising the required capital, and setting up the required physical and governance structure. The delectable wife of Zenith Bank chief, Jim Ovia, effortlessly combines motherhood and wifehood in the same girth. “A lot of companies need to be formalized, so they become investable and provide liquidity option for investors. Subsequently, he was implicated and detained for money laundering. Michael Adeniyi Agbolade Ishola Adenuga was born on the 29th of April, 1953 to the family of Oloye Michael Agbolade Adenuga Snr. “My oldest brother, who was almost twenty years my senior and working in Lagos, sent part of his wages home each month to help pay my school expenses.”. READ: CBN grants Greenwich Trust Limited operational license for merchant banking. It was a journey where he first had to show investors how feasible the business idea was before letting them in. Despite retiring from the position as CEO, he was appointed Non-Executive Director and Chairman, Board of Directors, four years later. Zenith Bank has over $16bn in assets with operations in London; UK, Dubai; UAE, Beijing; China, Accra; [â¦] Investigations conducted by Man About Town revealed that the project in question is a twenty one units home purchased from the brain behinds Prime Water â¦ Rasaq’s parents had no plans of relocating and the future seemed pretty much predictable. Jim Ovia and his beautiful wife, Kay Ovia at the launch of his book, âAfrica: Rise and Shineâ. Isioma Olowu nee Ovia had gotten married to her beau, Ola Olowu, in August 24, 2013 in London at a very lavish and lush wedding ceremony, with the reception at the iconic Savoy Hotel, in London. At the time, there were no high-rise office structures in â¦ Razaq and his siblings started their early education there. Isioma is the eldest sibling of Zephia and Tito, all daughters of Mrs. Kay Ovia, the wife of Mr. Ovia who is the CEO of Quantum Markets. READ: Crypto: Popular Hedge Fund, Grayscale record best quarter ever. Visafone was later sold to MTN for an undisclosed sum in 2015, after it had gathered about 3 million subscribers. What is the Jim Ovia Scholars Program. It is also clearly the reason the bank is being used as a poster child for Africaâs phenomenal progress , and its chairman, Jim Ovia is also projected as a metaphor for Africaâs rise and shine . “When I look at my journey so far, I realize that we are here sitting on the back of 34 people and 6 institutions who took a bet on us on. This has now been corrected. Kay Ovia. As Ovia recalled, they converted the garage to a customer service unit, and then made teller points out of the rooms, to create the first branch at Ajose Adeogun street, Victoria Island, Lagos. Even while working at the call center, Tayo had always thought that he would return to Nigeria at some point to help make it great again. Not many people were particular about tertiary education and becoming an artisan was seen as a norm for the children. Global trends in recent times have shown a shift towards a cashless and digital economy, especially as it becomes more obvious that operations in physical branches of commercial banks can be summarily shut down when circumstances demand it. READ: Razaq Okoya: The journey from apprentice-tailor to billionaire business mogul, Even though Razaq was intelligent and excelled in his studies, he expected to become a generator mechanic and did not see that much could come out of his education. The following year, he selected Obafemi Awolowo University and was admitted to study Economics. He also had hard times with courses like Semiconductor Chip Design, which he admitted was one of his toughest courses, as he hardly aced it despite his love for the subject. Titi is theÂ daughter of Pa. Elijah and Madam Susan Okome, of the Itsekiri tribe of Delta State. However, a new policy from the Central Bank of Nigeria on tenure of Bank CEOs compelled him to retire earlier than he planned. I don’t have a lot of money but I want to find people who I can make those kinds of investments and bets as well,” he said. He became Vice President at Travant Capital Partners in Lagos upon his return to Nigeria and remained there till 2009. Coming a short while after the business mogul increased his net worth by almost $5 billion, the scandal of course attracted a lot of criticisms. Welcome to the Jim Ovia Foundation Press Room. "Jim Ovia has been my personal friend and trusted banker over the last twenty-five years. After the deregulation of the banking sector during the military administration of General Ibrahim Babangida in the late 1980s, Jim Ovia, alongside some investors, applied for a banking license. READ: Nigerian startup, Green Africa to sign deal with Airbus for 100 aircraft. She married her husband at the young age of 22 and has 5 children. He also got to meet with a distant uncle who was a Lecturer at the Obafemi Awolowo University. Visionary businessman that he is, Ovia hardly sees things as they are. Schooling was not a smooth ride for Tayo as he had to work his way through, sometimes keeping as much as 5 jobs in order to stay afloat. So, there is actually more to Jim Ovia than Zenith Bank Plc, which Nairametrics will uncover in this week’s Founder’s Profile. and Omoba Juliana Oyindamola Adenuga. The fracas was traced back to some Hausa men who had been killed in Sango-Ota and their bodies sent home to their families in Kano. Talking about early life challenges that could have truncated his future, Ovia wrote in his memoir: “When I was just four years old, my father—who was in his mid-fifties—suffered a massive heart attack and died several weeks later due to inadequate medical facilities. He is also the founder of Visafone Communications Limited which has over 3 million suscribers. After it was revoked, he obtained a second one in 2004, when the government held another auction. 7. Jim served as the MD/CEO and later as Chairman of the bank. Jim's inspirational tale of success against all the odds is an important lesson of how adversity can always be surmounted. From interacting with post-secondary students who were seeking admission, Rasaq soon came to understand that the subjects they were studying were no different from the subjects he was already studying. degree in Business Administration from Southern University, Baton Rouge, Louisiana, USA (1977). READ ALSO: CBN’s heterodox policies buoys credit growth. Jim Ovia comes from a large family and is the Second Born Son of his Father, Obi Olihe of Agbor-Obia, who is â¦ Titi who is hardly seen at public functions exudes a notion that she takes herself very lightlyÂ despite her social standing. The bank was 20 years old in July 2010, and ahead of time, Ovia had begun to plan his retirement. He had a lot of interests, some of which he had started paying attention to, but he realized that if he fully wanted to actualize them, he would have to leave the bank on his own terms and give an opportunity to the younger generation. Isioma Olowu nee Ovia had gotten married to her beau, Ola Olowu, in August 24, 2013 in London at a very lavish and lush wedding ceremony, with the reception at the iconic Savoy Hotel, in London. He has been involved with the bank since infancy. In addition, he had also noticed that most developed countries and world powers, like USA, UK, Japan had red as one of the colours on their national flags, so he insisted that there must be something right about it. When Jim Ovia first took interest in computers and technology in college, he never thought it would lead him to be the founder of Zenith, the largest bank in Nigeria. On one of such attacks where Yoruba residents were being slaughtered by an angry mob, the entire family nearly lost their lives but for the timely sound of the gunshot of men from the Nigerian Army. The Bank is ranked 325th in the world (The Banker, Top 1000 World Banks, 2016). Under the holding company, subsidiaries were set up to handle real estate, agriculture, FMCG brands, and a Joint Venture Agreement with a distribution company to handle oil and gas. Ovia also founded the Quantum Group, Inc, where his wife, Kay Ovia, is CEO. The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia, in an interview with BBC on his book Africa Rise and Shine. Dangote, Jim Ovia drum support as KPMG launches first digital centre. It was reported that some of the creditors had been hit so hard by the huge debts, that they had to shut down some of their operations. In 1980, he started the bank. Already in SS2 at the age of 14, Razaq was well on his way to becoming a ‘generator man’ as they were called in the community. The delectable 51-year-old Titi fondly called ‘Tizzle Girl’ is Adenuga’sÂ second wife after his first marriage to Folake turned awry. ... Jim Ovia. A pet desire of Mr. Jim Ovia and his wife, Mrs. Kay Ovia, the dream JHC came to the fore six Septembers ago when the first set of students showed up on the expansive college grounds in Agbor, Delta State that had been prepared for that purpose. On 27th of April 2007, Zenith Bank Plc became the first Nigerian bank in 25 years to be licensed by the UK Financial Services Authority (FSA), giving rise to Zenith Bank UK Limited. “The idea of cowrywise came in when we had a lot of people come asking ‘how do I invest 1000 naira and small amounts like 50,000 naira. The Jim Ovia Scholars Program is a national initiative to educate and develop next-generation leaders who will contribute to social and economic progress of Nigeria. He has assets worth billions of Naira in different parts of the country, including Lagos Marriott Hotel, the Aquamarine Boat Club, and the Civic Towers which has over a 15-storeys. The telecom company is considered a major competitor to the giant MTN group, and is still prospecting licenses in other West African countries.
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