Bank
PRESIDENT TINUBU APPOINTS NIGERIA’S RENOWNED BANKER, JIM OVIA AS CHAIRMAN OF THE NIGERIAN EDUCATION LOAN FUND
PRESIDENT TINUBU APPOINTS NIGERIA’S RENOWNED BANKER, JIM OVIA AS CHAIRMAN OF THE NIGERIAN EDUCATION LOAN FUND
Sahara Weekly Reports That President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the
Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26,
2024.
According to the statement, ‘‘the President believes Mr. Ovia will bring his immense
a wealth of experience and professional stature to this role to advance the all-important
the vision of ensuring that no Nigerian student suffers in the consistent end to their pursuit of
higher education over a lack of funds and ensuring that Nigerian youths, irrespective
of who they are, have access to higher education and skills that will make them
productive members of society and core contributors to the knowledge-based global
economy of this century.’’
Jim Ovia, CFR, is the Founder and Chairman of Zenith Bank Plc, one of Africa’s largest
banks with over $21.4 billion in assets and shareholders’ funds of over US$2.4 billion as
of December 2023. Zenith Bank is a global brand listed on the London Stock Exchange
and the Nigerian Stock Exchange. In addition to major operations in Nigeria and other
West African countries, the Bank has sizeable operations in London and Dubai.
Jim Ovia is the Founder and Chancellor of James Hope University, Lekki, Lagos which
was recently approved by the National Universities Commission (NUC) to offer
postgraduate degrees in business courses. James Hope University commenced
activities in September 2023.
Through his philanthropy – the Jim Ovia Foundation – he has shown the importance of
accords good education. In support of the Nigerian youth, the Jim Ovia Foundation offers
scholarships to needy students through the Mankind United to Support Total Education
(MUSTE) initiative. Most of the beneficiaries of the Jim Ovia Foundation scholarship are now
accountants, business administrators, lawyers, engineers, doctors, etc.
He is the author of “Africa Rise and Shine”, published by ForbesBooks. The book which
encapsulates Zenith Bank’s meteoric rise, details the secrets of success in doing
business in Africa. He is an alumnus of the Harvard Business School (OPM), University
of Louisiana (MBA), and Southern University, Louisiana, (B.Sc. Business Administration). Jim Ovia is a member of the World Economic Forum (WEF) Community
of Chairpersons and a champion of the Forum’s EDISON Alliance.
In recognition of Jim Ovia’s contributions to the economic development of Nigeria, in
2022, the Federal Government of Nigeria honored him with Commander of the Federal
Republic, CFR. Also, in May 2022, Jim Ovia was conferred with the National Productivity
Order of Merit (NPOM) Award by the Federal Government of Nigeria. Earlier, he has
been conferred with the national award of Member of the Order of the Federal Republic,
MFR, and Commander of the Order of the Niger, CON, in 2000 and 2011, respectively,
as a testament to his visionary leadership and contributions to Nigeria’s financial
services sector.
The National Student Loan Programme is a pivotal intervention that seeks to guarantee
sustainable higher education and functional skill development for all Nigerian students
and youths. The Nigerian Education Loan Fund, the implementing institution of this
innovation, demands excellence, and Nigerians of the finest professional ilk to guide and manage.
Wema Bank Commemorates Nigeria at 64
…To reward 64 customers with cash prizes in The Wema Bank 5 for 5 Promo Season 4 Independence Day Special
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to officially launch the 4th season of its reward initiative, the Wema Bank 5 for 5 Promo, with an Independence Day special live draw targeted at rewarding 64 Nigerians with cash prizes in commemoration of Nigeria at 64 on Tuesday, October 1, 2024.
Tagged the biggest 5 for 5 Promo season yet, the Wema Bank 5 for 5 Promo Season 4 is set to disburse N135,000,000 to Wema Bank customers across Nigeria. The special Independence live draw which marks the season’s kick-off will hold virtually on the Bank’s YouTube and Instagram channel, and will reward 64 Wema Bank customers with N5,000 each as against the stipulated 10 winners in the daily draws.
To qualify for the Wema Bank 5 for 5 Promo Independence Day Special draw, customers are to perform a minimum of one transaction between now and October 1, 2024, using the ALAT app, *945# or the Wema/ALAT debit card. Airtime or data purchases, inter-bank transfers, bill payments, cash withdrawals and all other transactions made using ALAT, *945# or Wema/ALAT card, are valid transactions to qualify for the draw.
With N135,000,000 set to be disbursed in daily, weekly and monthly draws, including a special grand prize of N5,000,000, the Wema Bank 5 for 5 Promo Season 4 promises to be a game changer, and every Nigerian can participate by funding their Wema/ALAT accounts and transacting frequently using ALAT, *945# or Wema/ALAT card.
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