Zenith Bank to become holding company

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Once substantive authorisation is received, the bank gets a licence to veer into other businesses

Lenders like FBN Holdings, Stanbic IBTC, FCMB Group, GTCO and Access Holdings are already leveraging those businesses to buoy up revenue.

“The CBN approved Mr Jim Ovia as the chairman of Zenith Holdco Plc and for Mr Jim Ovia to also continue as the chairman of Zenith Bank Plc until the commencement of Zenith Holdco Plc,” the lender said in a statement seen by PREMIUM TIMES.Zenith Holdco will run in a non-operating capacity only overseeing the subsidiaries under it without getting actively involved in their everyday operations.

 

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It's just twisting of English language. It means opportunity has been given to them to cheat the poor.

😅😅😅😅😅 ZenithBank I will go and close my acc tomorrow cus I can't risk my salary o

So this wahala we dey face una won add another one

Change of name So no more ZENITH BANK. Na Holding Company 😂

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