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Ebenezer Onyeagwu: Maintaining Zenith Bank’s Leadership Position In The Banking Sector! By: Sunday Adebayo

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3 years ago

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Ebenezer Onyeagwu is a vastly experienced banker and financial expert, trained in reputable institutions of learning in Nigeria, the United Kingdom, and the United States of America. He has nearly 30 years of experience in the Nigerian banking industry. He joined Zenith Bank Plc in 2002 as a Senior Manager, in the Internal Control and Audit Group of the bank. His professionalism, competence, integrity, and commitment to the set objectives of the bank saw him rise swiftly between 2003 and 2005, first, as Assistant General Manager, then Deputy General Manager, and eventually as General Manager of the bank. In these capacities, Mr. Onyeagwu handled strategies for new business and branch development, management of risk assets portfolios, treasury functions, strategic top-level corporate, multinationals, and public institutional relationships, among others.

When Mr. Onyeagwu was announced as the new Managing Director and Chief Executive Officer of the Zenith Bank by Its Management sometime in May 2019, it was not a strange move by those who know his professional prowess and deliverables.

He has been one of the success stories of the bank from when he joined the train and has proved beyond all reasonable doubt that, he has what it takes to take the bank to a world-class level.

Regardless of the challenging macroeconomic environment brought about by the COVID-19 pandemic among others, Zenith Bank under the leadership of Ebenezer Onyeagwu has maintained its leadership position in all ramifications.

The bank is a clear market leader, growing its total assets and net income by an annual average of 15.7 percent and 15.5 percent, respectively, over the last five years, according to the latest banking report released by Coronation Merchant Bank.

Obviously, those who doubted his competence when he was appointed now have a rethink as his performance in the last two years has shown clearly that he is a square peg in a square hole.

This has continued to reflect in the performance of the bank which has maintained its leadership position. Also, in the area of corporate governance which is a vital ingredient in ensuring the sustainability of any institution.

Zenith Bank under Onyeagwu has maintained a positive rating as can be seen from the recent assessment by the Nigerian Exchange Limited (NGX) hence the financial institution’s listing on the Premium Board of the Exchange.

Zenith Bank under Onyeagwu’s watch has remained committed to sustaining the legacy of its visionary Founder and Chairman, Mr. Jim Ovia, whose pioneering and foundational role in building the structures and laying the foundation ensured an enduring and very successful institution.

 

As a testament to the aforementioned and in recognition of its track record of excellent performance, Zenith Bank has recently ranked the number one bank in Nigeria by tier-1 capital in the 2021 Top 1000 World Banks’ Ranking published by The Banker Magazine, a publication of the Financial Times Group of the United Kingdom.

The bank, with a tier-1 capital of $2.64 billion, retained its ranking as the number one tier-1 bank in Nigeria for the second consecutive year.

It, however, emerged as the 454th bank globally and the only Nigerian bank in the top 500.

The ranking which was published in the July 2021 edition of the magazine was based on the 2020 year-end tier-1 capital of banks globally.

Zenith Bank’s financial performance for the year was underpinned by an eight percent growth in non-interest income, with an improved market share in both retail and corporate sectors despite a challenging macroeconomic environment exacerbated by the COVID-19 pandemic.

Tier-1 capital describes capital adequacy, and it is the core measure of a bank’s financial strength from a regulator’s point of view.

It is, therefore, without doubt, that with Ebenezer Onyeagwu as the CEO of the bank, customers and shareholders of the bank can go to bed with their two eyes closed, as these feats are an assurance that their monies and investments are in safe hands.

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Zenith Bank Assures Customers on Seamless Transactions, Apologizes for Disruptions During Infrastructure Upgrade

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33 mins ago

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October 3, 2024

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Nigeria’s leading financial institution, Zenith Bank, has reassured its customers of improved services following recent infrastructure upgrades.

 

In a message posted on Thursday, the bank apologised for the service disruptions experienced across its e-channels during the upgrade period.

 

The bank clarified that the glitches were a result of routine information and technology maintenance, which is essential for optimizing service delivery.

 

Zenith Bank emphasized its commitment to ensuring 100% uptime, stating that it takes this responsibility “very personally” and continuously allocates resources to maintain uninterrupted service availability.

 

In the statement, the bank expressed its sincere apologies for any inconvenience caused to customers during the upgrade process, highlighting that the information technology enhancements are designed to improve the quality of service for its esteemed clientele.

 

The message reads in part:

 

Dear Valued Customer,

 

We sincerely apologise for the service disruptions you experienced recently on our banking channels. This was due to an information Technology upgrade aimed at improving the quality of service we provide.

 

We have made significant progress with the upgrade and you can now perform transactions conveniently with the following Zenith bank Channels:

 

Your Zenith Bank Debit Card

The Zenith Bank Mobile App

The Zenith bank Internet Banking Platform

Zenith Agents nationwide (Agent Banking)

 

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News and Report

Just In: Tinubu Set To Embark on  Two-weeks Annual Leave.

Published

21 hours ago

on

October 2, 2024

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President Bola Ahmed Tinubu has announced a two-week annual leave

 

According to Bayo Onanuga Special Adviser to the President (Information & Strategy) President Bola Tinubu will depart Abuja today for the United Kingdom to begin a two-week vacation, part of his yearly leave.

 

He will use the two weeks as a working vacation and a retreat to reflect on his administration’s economic reforms.

 

He will return to the country after the leave expires.

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Alleged Corruption : El-Rufai denies allegations, vow to swear on Quran….

Published

1 day ago

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October 2, 2024

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A former Governor of Kaduna State, Nasir El-Rufai, has asserted that his entry into politics was driven solely by a desire to serve the people, not to amass wealth or siphon public funds.

 

El-Rufai made this declaration on Tuesday during a Hausa program aired on Freedom Radio, Kaduna.

 

Speaking candidly, the former governor dismissed allegations of financial misconduct during his administration, maintaining that he was already financially content before assuming office.

 

The Kaduna State House of Assembly had earlier indicted El-Rufai’s administration for the misappropriation of over N423 billion during his eight-year tenure.

 

 

However, El-Rufai and his associates have categorically denied the accusations, labeling them as politically motivated.

 

“I did not join politics to steal money or enrich myself. I was satisfied with what I had before becoming governor,” El-Rufai stated, adding that he is ready to swear on the Quran to prove his innocence if other former governors and current leaders do the same.

 

 

“I have always prayed for guidance in all I do, and I strive not to betray the trust of the people. Whenever the former governors of Kaduna State and other leaders are ready to swear with the Quran that they never misappropriated public funds, I will join them. I have no fear because I know I never took money that belonged to the people,” he said.

 

 

The former governor expressed dismay over the allegations, saying his administration has been accused without any clear evidence of where the money went missing or who took it.

 

He further claimed that his allies were being targeted and invited by the Independent Corrupt Practices Commission and the Economic and Financial Crimes Commission as part of a smear campaign against him.

 

“I have left everything to God’s judgment. I have prayed and will remain silent on the issue. I have instructed my lawyers to take legal action against those tarnishing my name, but for now, I’m focused on my activities like reading and writing,” he said.

 

 

El-Rufai emphasised that service to the people continues even after leaving office, stating, “You don’t need to hold a position in government to serve. We are still working with like-minded individuals who genuinely want to serve the people, not those seeking to enrich themselves.”

 

Looking ahead, El-Rufai revealed that he intends to return to politics in 2027 after completing his studies, remarking, “There is no retirement in politics. God willing, we will return and continue serving the people.”

 

 

 

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