Zenith Bank Recognized as Best Corporate ‘ Governance Financial Service in Africa for the fourth year running 

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 in

recognition of the bank’s adherence to global best practices and institutionalization of

corporate governance, setting an industry-wide example of best practices in that field.

Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank

Plc, 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 recognition

reflects our steadfast commitment, discipline and high ethos in the conduct of our business

and 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 providing

the template for an enduring and very successful institution; the Board for their vision and

outstanding leadership; the staff for their dedication and commitment; and the bank’s

customers for their unwavering loyalty to the brand.

Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth

coverage and critically-astute analysis of global corporate governance issues to help boards

stay ahead of the governance curve.

Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the

Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. The

bank continues to sustain this reputation and reappraise its processes to ensure that its

business 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 Awards

2020 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 the

World 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 three

consecutive 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