Group MD/CEO Zenith BankPlc, Dr. Ebenezer Onyeagwu
By Our Reporter
For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom.
The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is inrecognition of the bank’s adherence to global best practices and institutionalization ofcorporate governance, setting an industry-wide example of best practices in that field.
Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith BankPlc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has been awarded the Ethical Boardroom Corporate Governance Award as a regional governance champion for the fourth year running. No doubt, the bank’s board has pioneered the exemplary governance culture for which we are now renowned. Indeed, this recognitionre flects our steadfast commitment, discipline and high ethos in the conduct of our businessand dedication to the principles of good corporate governance.
This award will motivate us to strengthen this culture internally and advocate for good governance at every forum”.
He dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for providingthe template for an enduring and very successful institution; the Board for their vision andoutstanding leadership; the staff for their dedication and commitment; and the bank’scustomers for their unwavering loyalty to the brand.Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depthcoverage and critically-astute analysis of global corporate governance issues to help boardsstay ahead of the governance curve.
Zenith Bank has been generally adjudged a Corporate Governance compliant bank by theNigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. Thebank continues to sustain this reputation and reappraise its processes to ensure that itsbusiness conforms to the highest global standards at all times.
The bank’s track record of excellent performances has continued to earn it numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in theWorld Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards.Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for threeconsecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade
(People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.
