Tony Elumelu and Jim Ovia Set for Billions in Dividend Payouts - The Top Society
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Tony Elumelu and Jim Ovia Set for Billions in Dividend Payouts

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Tony Elumelu and Jim Ovia Set for Billions in Dividend Payouts

Tony Elumelu and Jim Ovia, two of Nigeria’s most influential banking figures are set to earn billions of naira as dividends from their leading financial institutions.

UBA Group Chairman, Tony Elumelu, will receive about ₦1.68 billion in dividend payments from his stake in United Bank for Africa, according to the bank’s recent corporate filing (Nairametrics). This highlights both his long-term investment strategy and UBA’s solid shareholder returns.

At the same time, Zenith Bank’s founder and Chairman,  is set to earn roughly ₦5.18 billion following the lender’s latest dividend declaration (Nairametrics). The payout underscores Zenith Bank’s position as one of the strongest performers in the Nigerian banking sector.

These dividend windfalls not only reinforce the financial clout of Elumelu and Ovia but also reflect the strength of Nigeria’s tier-one banks in rewarding shareholders despite economic pressures.

For investors, both UBA’s dividend payout and Zenith Bank’s dividend announcement signal confidence in the sector’s profitability, with Elumelu and Ovia standing out as the biggest beneficiaries.

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By Rhoda Managing Editor
Who tells the stories that shape culture and society? Rhoda Erhabor does. A storyteller and editor with a discerning eye for culture, lifestyle, and society, she brings clarity and sophistication to her role as Managing Editor at Top Society. With years of experience leading publications, guiding editorial strategy, and shaping content that resonates, she ensures every story carries both weight and elegance. With a Master’s in International History and Diplomacy and a Bachelor’s in English and Literature from the University of Benin, Rhoda combines academic depth with editorial mastery. Her journey as Editor-in-Chief, Managing Editor, and Content Strategist reflects a commitment to storytelling that informs, inspires, and leaves a lasting mark. Follow her work at Top Society, where society’s finest stories are told (and sometimes retold over a good laugh).
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