Zenith Bank Plc has officially appointed Engr. Mustafa Bello as its new Chairman, succeeding the bank's founder, Jim Ovia, who has retired after a 12-year tenure. Ovia's departure comes as his term on the board reached its regulatory limit, which is set to expire on May 5, 2026, for banking holding companies. Prior to his new role, Bello served as a non-executive director at the bank, bringing a wealth of experience to the leadership position. The transition marks a significant change in the bank's governance as it continues to navigate the competitive banking landscape.
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