Zenith Bank Executive Director Acquires 2.1 Million Shares Worth ₦46.98M

Zenith Bank Plc has notified the Nigerian Stock Exchange that one of its Executive Director, Henry Oroh has acquired a total of 2,137,100 units of the tier-one lender’s shares, worth ₦46,981,797.70 on Wednesday, April 07, 2021.

The disclosure was made in line with the Nigerian Stock Exchange policy on insider dealing. by the Group’s Secretary, Michael Osilama Otu.

In a statement released and made available to Brand News Day, Henry Oroh bought the shares in four transactions on the floor of the Nigerian Stock Exchange, at an average price of N22.00. This brings the total consideration for the 2,137,100 shares purchased by Ayoku Liadi is put at ₦46,981,797.70.

Transaction Breakdown:

• 612,573 – ₦22.00 (April 6, 2021)
• 400,000 – ₦21.95 (April 6, 2021)
• 400,000 – ₦21.90 (April 6, 2021)
• 724,527 – ₦22.05 (April 1, 2021)

Zenith Bank recently announced an impressive result for the year ended December 31, 2020, with gross earnings rising by 5% to N696.5 billion and profit before tax (PBT) growing 5% to N255.9 billion.

Consistent with this superlative performance and in recognition of its track record of exceptional performance, Zenith Bank was voted as Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020, Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and Best Corporate Governance’ Financial Services’ Africa 2020 by the Ethical Boardroom.

Also, the bank emerged as the Most Valuable Banking Brand in Nigeria, for the fourth consecutive year, in the Banker Magazine “Top 500 Banking Brands 2021” and Number One Bank in Nigeria by Tier-1 Capital in the “2020 Top 1000 World Banks” Ranking published by The Banker Magazine.

Henry Oroh holds a Bachelor’s Degree in Accounting from the University of Benin, Edo State and an MBA from the Lagos State University as well as an LLB Degree from the University of London. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an honorary member of the Chartered Institute of Bankers (CIBN), Nigeria.

He has over two decades of banking experience. He began his banking career in 1992 at Citibank where he served for seven (7) years in Operations, Treasury and Marketing.

He joined Zenith Bank in February 1999 and has worked in various Groups and Departments within the Zenith Group Office. His expertise spans Operations, Information Technology, Treasury, Marketing, including Manufacturing, Food and Beverages, Pharmaceuticals, Oil and Gas, Public Sector, Consumer, as well as Corporate Banking and Business Development.

In April 2012, he was seconded to Zenith Bank Ghana Limited as an Executive Director and became the Managing Director/ Chief Executive in February 2016, where he successfully spearheaded the phenomenal growth of the Zenith Brand both within the Ghana market and the West African sub-region.

Henry has attended several Leadership Programmes and Executive Management Courses at the Harvard Business School, Columbia Business School, New York, University of Chicago, University of Pennsylvania, HEC Paris, JP Morgan Chase, UK and the Lagos Business School.