After his MBA, he worked as Manager Corporate Development with Cisco Systems in San Jose California, where he was responsible for strategy, acquisitions, and private equity investments in a few segments and led Cisco’s investment expansion in Africa with investment opportunities. More so, technology was still considered with some skepticism at the time, and not many thought it would amount to much, but Jim held on to it. Though her husband is a well-known philanthropist, Kay has a long-term passion and vision to independently nurture and develop talents in young people through her Star Rising Talent Hunt. 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. His parents decided then that they could no longer gamble the lives of the entire family in such a crisis. They relocated to their hometown in Ogbomoso to start life from the scratch. 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. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. He later earned a Masters in Business Administration from the Graduate School of Business, Stanford University from 2003 to 2005. Not many people were particular about tertiary education and becoming an artisan was seen as a norm for the children. “I got called into my boss’ office and he told me he had to let me go. Like the famous saying goes; behind every successful man, there is a strong woman who has made his path to success smooth. Jim Ovia Chairman, Zenith Bank ... resident duplex that we shared with a private a private tenant and his wife. Chairman of the event, Dr. Christopher Kolade (right); author of the book and Chairman of Zenith Bank, Jim Ovia; Vice President Yemi Osinbajo; wife of the author, Kay Ovia; representative of … Such innovation was not common at the time, as Nigeria was still very far from toeing the lines of a cashless economy. Zenith Bank has over $16bn in assets with operations in London; UK, Dubai; UAE, Beijing; China, Accra; […] Cowrywise is fast-becoming an automated savings option of choice, and so, we profile the man behind the initiative – Razaq Ahmed. Driven by his knowledge and interest in technology, he established Cyberspace Limited in 1995 to provide internet services, and later the Visafone Communications Limited in 2007. Jim also worked with Merchant Bank of Africa setting up the corporate division, and Lion Bank, where he rose to the post of branch manager in Lagos. Subsequently, he was implicated and detained for money laundering. Having caused the company to spend so much for nothing, he was fired from the job. Jim Ovia's Real Name And How He Took Zenith Bank From Original Founder - Business - Nairaland ... James Nzemeke alias “Akatukpo”, the third son of the first wife of the Olihe of Agbor, Chief Nzemeke who was born on a Sunday, the 4th day of November 1951. Mrs Ubah has a Bachelor of Science B.sc (Hons) degree in business administration as well as an MBA from Ahmadu Bello University, Zaria. You can purchase his book, Africa Rise and Shine here. S ubscribe to our Newsletter or follow us on our social media handles for regular updates. Kay is the wife of Jim Ovia, one of the biggest names in Nigeria’s banking sector and the Zenith Bank Chairman. London is agog today in anticipation of one of the biggest weddings this side of the world!!! In May 1990, 20 shareholders founded Zenith International bank and Jim Ovia started to move in a completely different direction. As the world got ‘techified’, there was a need to merge technology into the classic investment arrangement. It is also clearly the reason the bank is being used as a poster child for Africa’s phenomenal progress , and its chairman, Jim Ovia is also projected as a metaphor for Africa’s rise and shine . Kay Ovia Kay is the wife of Jim Ovia, one of the biggest names in Nigeria’s banking sector and the Zenith Bank Chairman. READ ALSO: CBN debits banks another N459.7 billion for failure to meet CRR target. Jim Ovia to? Saturday, August 24, 2013!!! But Jim Ovia had a life (outside) his banking career, and has built businesses and mentored people. JIM OVIA is the founder and chairman of Zenith Bank, one of the largest commercial banks in Africa. Fully Armed with the intelligence of the biblical King Solomon and the grace of King David, Zenith Bank founder, Jim Ovia’s success story is a clear indication that; truly hardwork pays. He is the founder and Zenith Bank and also the largest individual shareholder of the bank. “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.”. Nana is not often seen in social circles but when she appears in public, she does so with panache and elegance making her husband’s billions look good. Thomas Imonikhe Though of noble birth, Mr. Jim Ovia, the pioneer Managing Director of Zenith Bank Plc and current chairman of its board realized early in life that having blue blood in one’s veins wasn’t enough ticket to guarantee stardom in one’s chosen endeavor and opted for the narrow path? He is also the founder of Visafone Communications Limited which has over Uchenna is the wife of Ifeanyi Patrick Ubah, the Managing Director and Chief Executive Officer of Capital Oil and Gas Nigeria Limited. His wife is the CEO of Quantum Market Limited and founder of Star Rising Talent Hunt for kids and young adults. For the first 6 months, Tayo bootstrapped from his personal funds before setting out to raise funds from investors. His exceptional skills and achievements have been severally recognized, and he has received awards such as the Professional Leadership Award at Zik Awards, 1999; Vanguard’s 20 Most Outstanding CEOs in Corporate Nigeria in 2002; Lifetime Achievement Award at Africans Bankers Award 2015; as well as the prestigious Commander of Order of the Federal Republic of Nigeria which he received in 2011. Once you open your account, application forms will become available to you between the months of October and December (see article vii above) in your scholars account. By the end of the 90s, as the nation returned to the democratic dispensation, Adenuga saw another potential in the telecommunication industry and acquired a conditional GSM license from the Federal Government in 1999. 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. A local oil servicing company, Depthwize, for instance, had been forced to lay off workers and shut down services on two of Conoil’s rigs, saying the debt of $40 million had incapacitated the company to the point that it could no longer afford the day to day running cost of working on the rigs. Saturday, August 24, 2013!!! Zenith Bank started off with N20 million (then equivalent of $4 million) in shareholders’ funds. and Omoba Juliana Oyindamola Adenuga. 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. Charity was with Cosmas all through his struggles to success. Africa Rise and Shine lays bare the secrets to Zenith Bank's success from one of Nigeria's most respected businessmen. Jim Ovia is a Nigerian businessman and the founder of Zenith Bank. Those close to him often say he is a man with clear foresight. 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. 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. Welcome to the Jim Ovia Foundation Press Room. READ ALSO: Tether: King of digital dollar-denominated asset. This is more so, as Cowrywise gains even more popularity among the emerging generation who have realized that the benefits of subscribing to classic investment schemes might be much more than that of leaving funds idle in the bank – savings. Isioma is the elder sibling of Zephia and Tito, all daughters of Mrs. Kay Ovia, the wife of Mr. Ovia who is the gorgeous CEO of Quantum Markets. The Scholarship is intended to create a sense of hope in the dreams of African Undergraduate students. He obtained the drilling license in 1990 and started exploration with his new company, Consolidated Oil, in Ondo state. 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. To access the scholarship application, you have to first of all open a Jim Ovia Scholars Account. Multinational professional services firm, KPMG, has unveiled its first and foremost Digital centre in Lagos, Nigeria, in which Aliko Dangote, Jim Ovia, among others, graced the event. This was the condition that surrounded his early years, making him realize in time the importance of education. 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. So, there is actually more to Jim Ovia than Zenith Bank Plc, which Nairametrics will uncover in this week’s Founder’s Profile. He was born in the year 1951. Kay is the wife of Jim Ovia, one of the biggest names in Nigeria’s banking sector and the chairman of Zenith Bank. READ MORE: What we’ve learnt so far from Jim Ovia’s Africa Rise And Shine. Fate smiled on him, and thanks to his numerous hustles, he made his first million in 1979 at the age of 26, and has not stopped since then. Here you can read and comment on up to date information and news that we will be sharing with you about the work and impact of the Foundation. Biogaphy and Net Worth of Jim Ovia Jim Ovia is a Nigerian businessman and the founder of Zenith Bank. 5. This has now been corrected. Left to fend for herself and her family, my newly widowed mother called upon her intuitive entrepreneurial skills to set up her own small trading business. Despite retiring from the position as CEO, he was appointed Non-Executive Director and Chairman, Board of Directors, four years later. He also founded a major telecommunication company, Visafone which was later acquired by MTN. After retiring from the bank, he went on to establish other businesses based on potentials he could identify in the space. Even then, he could see that technology would in the coming decades define the way business was done. Kay Ovia. For Tayo, founding Pagatech was all about addressing two challenges – the excessive use of cash, and limited financial access in Nigeria. 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. This break affected his CFA programme which he had started at the time, delaying his completion till 2012. As Yoruba residents in a Hausa community, Razaq’s family became victims of targeted attacks. While studying for a degree in business administration, Jim Ovia developed a keen interest in computer science and information technology, so serious that he decided to incorporate it into his program. He schooled at Ibadan Grammar School and obtained his Higher School Certificate from the Comprehensive High School Aiyetoro, before travelling out for his higher education. Everyone who helped us in the early days got paid below the market rate. He has dreams of dual-listing Paga on the NSE and NASDAQ in the nearest future. This classic investment banking arrangement was only open to private institutional investors and high net worth individuals, and the minimum Entry investment was N1million. He attended Ika Grammar School, Bojiboji-Owa for his secondary education, before going to Lagos to join his elder brother. READ ALSO: CBN’s heterodox policies buoys credit growth. Learn how your comment data is processed. Michael Adeniyi Agbolade Ishola Adenuga was born on the 29th of April, 1953 to the family of Oloye Michael Agbolade Adenuga Snr. After his service year, Ovia joined International Merchant Bank (IMB) in 1980, working his way up from the position of financial analyst to bank manager. The 47-year-old is a pretty and classy mum of four children – DJ Cuppy, Olawunmi Christy, Temi, and Fewa. She is also the CEO of a dry cleaning business – Garment Care. 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. He is also the founder of Visafone Communications Limited which has over 3 million suscribers. Jim Ovia was born on the 4th of November, 1951 to the large family of Obi Olihe of Agbor-Obi, in Agbor, Delta State. One of her brothers Dayo Fashesi just swindled her in a ten billion naira property deal- and he has disappeared into thin air with the proceeds! Under his leadership, Zenith Bank grew into the biggest and one of the fastest developing banks in Nigeria. Razaq Ahmed, Co-founder and CEO of CowryWise, is no small fish in the fintech space – an industry that is fast growing to compete with the banking industry. “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. 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. Nigerian business mogul and Founder of Zenith Bank Plc, Mr. Jim Ovia has hearkened to the calls by Nigerians and has withdrawn from the World Economic Forum (WEC) currently going on in South Africa. Ravishing Kay unleashes her inner woman on Zenith Bank The Capital NG Too many wives of Nigeria’s bank chiefs give the impression that a life of vulgar luxury had rubbed them smooth. “A lot of companies need to be formalized, so they become investable and provide liquidity option for investors. Razaq Ahmed was born in Kano, where his parents lived. Ovia also founded the Quantum Group, Inc, where his wife, Kay Ovia, is CEO. My target was to formalize the informal sector and make them investable options. 7. So, immediately we heard the gunshots, we knew help had come. The idea, Razaq explains, is to let savings become a lifestyle, you save while living your normal life. Jim Ovia is the brain behind one of Africa’s biggest bank, Zenith Bank. Jim Ovia comes from a large family and is the Second Born Son of his Father, Obi Olihe of Agbor-Obia, who is … Visionary businessman that he is, Ovia hardly sees things as they are. READ: Crypto: Popular Hedge Fund, Grayscale record best quarter ever. Also, at about the same time, there were indicators showing a larger pool of ordinary individuals interested in being a part of the arrangement. In May 1990, 20 shareholders founded Zenith International bank and Jim Ovia started to move in a completely different direction. Titi is the daughter of Pa. Elijah and Madam Susan Okome, of the Itsekiri tribe of Delta State. Zenith Bank. Write CSS OR LESS and hit save. Many other banks at the time were using cooler colours like blue, but no bank ever used red before us. Welcome to the Jim Ovia Foundation Press Room. ... he keeps a low proflile so does his wife (aunty kofo) and their well behaved children. FRC orders banks not to lend money to states without approval, Rich Bitcoin investor moved $175 million worth of BTC for just $0.84, Scaling in Nigeria’s fashion industry is tough work – Ugo Monye. CTRL + SPACE for auto-complete. While trying to discover the success secrets of some of Nigeria’s richest men, it is also pertinent to explore the pillars behind their success stories. Tayo Oviosu has now become an angel investor in other startups. After shooting in the air to disperse the mob, the soldiers took them to the Bukavu barracks where they were camped as Internally Displaced Persons (IDPs) in the Army Day Secondary School – the same school where Rasaq was a student. Ovia’s peculiar interest in technology was a strong factor in favour of the bank, as he was way ahead of the others in that regard. 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. Though the holding company started quite small with about 20 to 30 million naira, it grew fast till it was worth about half a billion naira. Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. Jim founded Zenith Bank Plc in 1990 and has held the position of Chief Executive Officer until 2010. Having worked for over a decade, Tayo had saved up some money and had the support of friends, which became instrumental in launching Paga. Jim Ovia, CON Chairman, Board of Directors Jim Ovia, CON is the Founder and Chairman of Zenith Bank Plc, West Africa’s largest bank. Razaq’s story is a captivating one that sees one unfortunate event changing the fate of a young man. At age 14, the family had their life disrupted by the Hausa-Yoruba crisis which rocked the country in 1999. READ: CBN grants Greenwich Trust Limited operational license for merchant banking. To date over 1,500 students have been provided with university scholarships. Elumelu’s better half holds a Bachelor of Medicine and Bachelor of Surgery degree from the University of Benin. "Jim Ovia has been my personal friend and trusted banker over the last twenty-five years. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. However, he did not get one until a new policy was made by Professor Jubril Aminu, the Oil Minister during General Ibrahim Babangida’s regime, allowing individuals to venture into oil exploitation and exploration. 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