CBN Grants Approval-In-Principle For Zenith Bank To Operate A Financial HoldCo Structure

This is to inform the general public that the CBN has granted Approval-In-Principle for Zenith Bank Plc to operate a non-operating Financial Holding Company structure.

Furthermore, the CBN approved Mr. Jim Ovia as the Chairman of Zenith Holdco Plc (in-formation) and for Mr. Jim Ovia to also continue as the Chairman of Zenith Bank Plc until the commencement of Zenith Holdco Plc. 

Further details in respect of this will be communicated to the market in due course.