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Zenith Bank Appoints New MD: How Do We Define Alumnus Again?

Zenith Bank names Emefiele MD/CEO

By Simeon EbuluPublished TodayNewsRating:  Unrated

Emefiele Zenith Bank, yesterday named Godwin Emefiele, Managing Director/Chief Executive Officer.

His appointment, which is subject to the confirmation of the Central Bank of Nigeria, (CBN), takes effect from August 1.

Emefiele, the bank said in a statement, is a member of the pioneer staff of Zenith and has been instrumental in developing the bank into a world-class institution. He holds a BSc and an MBA in Finance from the University of Nigeria, Nsukka and is an alumnus of Stanford University , Harvard and Wharton Graduate Schools of Business.

Before commencing his banking career over 23 years ago, he lectured Finance, Bank Management and Insurance at the University of Nigeria and University of Port Harcourt, the release said.

The in-coming CEO, the statement said, joined the bank over 19 years ago and was appointed Deputy Managing Director in 2001.

"Given his pivotal role, the bank has benefitted from his in-depth knowledge of finance and banking," the statement added.

It said the new CEO will be supported by the bank’s six executive directors who have been with the banking institution for over seventeen years, adding that the management will continue to support the new GMD/CEO in growing the bank from strength to strength. The statement acknowledged that the management which comprise the Executive Committee, has been the driving force behind the success of Zenith Bank governed by the collaborative approach that has built the institution into Nigeria’s second largest bank by market capitalisation (N360 billion).

The bank assured that stakeholders will continue to reap rewards as the bank continues to roll-out its superior customer service model via a leading technology platform from its highly talented pool of employees. "The Bank is therefore confident that a seamless transition will ensue with enduring continuity anchoring the handover process.

"Emefiele’s strong leadership skills will no doubt be a significant advantage as he sets in motion the combined vision for the Zenith Bank Group. The Board, with the new appointment, rests assured that shareholder value will continue to be the primary factor driving strategic thinking. The bank continues to rely on the strength of the Board, management and all staff to sustain superior performance," the statement added.

While United Bank for Africa (UBA) Plc, one of the banks affected by the CBN policy, has named Mr. Philips Odozua, as successor to its incumbent Chief Executive, Mr. Tony Elumelu, Skye Bank Plc, also in the same bracket, is set to announce its new Chief Executive soon.

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Attending a 3 week leadership or strategy course does not make you an alumnus. I know for a fact that individuals who attend short courses are not part of the alumni.

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It justs indicates why Nigeria is in so much trouble. Politicians steal and kill, bankers disingenously claim alumnus of schools that they only attended short courses. They all do it.

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@mekus

i agree wholeheartedly with you. . . we really need to stop this nonsense. . .

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It looks like Nigerians have a penchant for claiming alumni of  universities where they merely attended short courses? Jim Ovia, Tony Elumelu and many others from different parts of Nigeria made similar claims of being alumni of certain schools, whereas they do not have degrees from those schools but merely attended short professional courses. Does it mean that these guys feel inferior even with their good Nigerian degrees (obtained when naija education was great) and great corporate positions?

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