Nigeria is home to millionaires and billionaires of all kinds and it is not surprising when we see them flaunt their wealth.

There are certain jobs people look forward to do because of its influence and the wealth you will accumulate.

Banking is one of them.

There is a belief by people that once you are hardworking and determined, you can become a billionaire and this is true.

This article will identify a number of Nigerians who had made it as billionaires in the banking sector.


  1. Pascal Dozie (Diamond Bank)

Pascal Dozie, who graduated from the London School of Economics is the founder of Diamond Bank. He cofounded African Capital, a venture company and Kunoch Limited.

He served on the management team of MTN Nigeria Communications as the Chairman and Co-chaired the Commonwealth Business Council.

Pascal is believed to be worth $1.1 billion.


  1. Tony Elumelu (UBA)

Tony Elumelu is one of the most popular African financiers that came out of the continent.

He owns the largest percentage in UBA and he is worth over $1 billion and has been regarded as one of the richest men in Africa by Forbes.

He founded the Tony Elumelu Foundation that gives a grant of $5000 to emerging social entrepreneurs across Africa the African continent.

Tony Elemelu owns Heirs Holding, an investment company that has invested across Africa.


  1. Jim Ovia (Zenith Bank)

Jim Ovia is worth over $900 million dollars.

This is as a result of the profit he has gotten from the bank he founded Zenith Bank.

Apart from being the chairman, he also has the largest stake, which is 9%.

He founded the communication company Visafone, which was later acquired by MTN.


  1. Afolabi Adeola (Guaranty Trust Bank)

Afolabi Adeola co-founded GTB with a colleague. He managed the company as the CEO till 2002 when he retired.

He currently manages FATE Foundation, a social enterprise that gives opportunities to emerging entrepreneurs to thrive. Afolabi is worth $750 million.


  1. Subomi Balogun (First City Monument Bank)

Ogun state born Subomi Balogun is the founded FCMB. The London School of Economics graduate, is an astute lawyer, philanthropist and banker who founded one of the most remarkable banks in Nigeria.

Although he is retired and handed the reins of administration to Ladi Balogun, he still wields great influence in the company.

He is said to be worth $700 million. Behind the success stories of these billionaire bankers is grit, sweat, resilience and hard work.

Their success is not something they did overnight, but years of putting up the hard work.

They have been able to sustain their work and ensured the viability of their banks through a sustained investment.


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