The Nigeria bank industry is going through a revamp. Most banks in Nigeria are struggling to survive due to poor economy and lack of growth. As a result, most banks considered merging with another bank in other to strengthen their balance sheet while other banks seek new leadership.
In Zenith’s case, they appointed a new leader Ebenezer Onyeagwu to lead the bank. His appointment will become effective on June 1st, 2019. Mr. Onyeagwu Ebenezer has over 17 years of professional experience with Zenith bank, he will succeed Mr. Peter Amangbo who is expected to leave the company on May 31, 2019. The salary package was not revealed to the public.
Mr. Onyeagwu served as the Deputy Managing Director of Zenith bank since October 28, 2016. He was appointed Zenith bank’s board members on April 8th, 3019.
Prior to his appointment, Onyeagwu was the Deputy Managing Director of the bank since October 28, 2016 and has close to 30 years cognate banking experience of which 17 years has been with Zenith Bank.