Jim Ovia has stepped down as group chairman of Zenith Bank following the end of his tenure, in accordance with regulatory guidelines. The bank confirmed the transition in a statement released on Tuesday, marking the official conclusion of Ovia's leadership role in the financial institution he founded. Engr. Mustafa Bello has been appointed as the new chairman, assuming the position immediately. The bank described the handover as part of a planned succession process aligned with corporate governance standards. No further details were provided on Ovia's post-retirement involvement or specific reasons for the timing beyond the stated regulatory requirements. Bello previously served on the bank's board and brings extensive experience in engineering and public service. Zenith Bank emphasized continuity and stability during the leadership change.
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