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Highest paid CEOs in Nigeria and their compensation packages

Published

12 months ago

2023/04/26

The actual compensation packages of CEOs in Nigeria are generally not publicly disclosed by the companies they work for. However, based on public information and reports, here are some of the CEOs who are known to receive some of the highest salaries and compensation packages in Nigeria:

1. Herbert Wigwe

Access Bank CEO: As of 2019, it was reported that Wigwe earned a total of N7.08 billion ($18.6 million) in salary and other benefits.

2. Segun Agbaje

Guaranty Trust Bank CEO: As of 2019, Agbaje earned a total of N450 million ($1.2 million) in salary and other benefits.

3. Kennedy Uzoka

United Bank for Africa CEO: As of 2019, Uzoka earned a total of N469 million ($1.2 million) in salary and other benefits.

4. Adesola Adeduntan

First Bank of Nigeria CEO as of 2019, Adeduntan earned a total of N401 million ($1.05 million) in salary and other benefits.

5. Jim Ovia

Zenith Bank CEO (former), as of 2018, Ovia was reported to earn a total of N2.64 billion ($7.2 million) in salary and other benefits.

He is now the Chairman of Zenith Bank.

It’s important to note that these figures are based on public information and reports, and may not be fully accurate or up to date. The actual compensation packages of these CEOs may vary depending on factors such as company performance, industry trends, and other individual factors.