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AABLA Names Zenith Bank’s Adam As CFO of the Year

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The All Africa Business Leaders Awards (AABLA) in partnership with CNBC Africa, has named the Chief Financial Officer of Zenith Bank Plc, Dr. Mukhtar Adam, as the ‘Chief Financial Officer of the Year’.

The award ceremony, the 11th in the series, took place at the King’s Ballroom, Sun City, South Africa, on Friday. This places Dr. Mukhtar on the same pedestal with other celebrated professionals across Africa.

Expressing his gratitude for the recognition, Dr. Mukhtar thanked the judges and organisers of the award, expressing his appreciation for being deemed a fitting recipient of the ‘Chief Financial Officer of the Year’ for 2023. He dedicated the award to the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR. Additionally, he expressed his gratitude to the management of Zenith Bank, his colleagues in Nigeria and the bank’s subsidiaries for fostering a positive work environment. Dr. Mukhtar also extended his thanks to the bank’s many customers.

The All Africa Business Leaders Awards (AABLA), in partnership with CNBC Africa, represents Africa’s largest single-business awards, celebrating the pinnacle of African business achievement. The AABLA has consistently narrated an African story of perseverance, success, innovation, and accountability. It has become synonymous with recognising the finest in business leadership on the African continent.

Dr. Mukhtar Adam is a distinguished finance professional with over two decades of cognate experience. He holds a Doctor of Philosophy degree in Finance from Leeds Beckett University, an M.Sc. in Finance – Financial Sector Management from the University of London’s School of Oriental and African Studies, an MBA in Finance from the University of Leicester, and a B.Ed. in Social Sciences, specialising in Economics and Management, from the University of Cape Coast in Ghana.

Dr. Mukhtar Adam also holds a Diploma in International Financial Reporting Standards (IFRS) from the esteemed Institute of Chartered Accountants in England and Wales (ICAEW) and a Postgraduate Diploma in Islamic Banking and Insurance from the Institute of Islamic Banking and Insurance in the UK.

Dr. Mukhtar Adam has participated in several executive programmes at world-leading institutions, including the General Management Program (GMP) at Wharton Business School in the USA, Harvard Business School, INSEAD Business School in Paris, the London School of Economics and Political Science, and the Massachusetts Institute of Technology. He is a member of the Institute of Chartered Accountants of Nigeria (ICAN), the Institute of Chartered Accountants of Ghana (ICAG), and the Chartered Institute of Taxation of Nigeria (CITN).

Prior to his current role as the Chief Financial Officer (CFO) of Zenith Bank Plc, Dr. Mukhtar Adam served as the bank’s Deputy CFO, leading the Financial Reporting, Tax Management and Strategic Planning Groups and supervising the Zenith Group’s entire financial reporting function. Before joining Zenith Bank in 2007, he honed his skills as a Senior Consultant in the Financial Services Group of PricewaterhouseCoopers (PwC).

His vast expertise spans numerous financial areas, from financial sector management and policy analysis to financial reporting and analysis, tax management, audit management, strategy development and execution, enterprise risk management, credit risk management, and financial advisory. He is also accomplished in capacity building and training. Dr. Mukhtar Adam is a prolific researcher with several professional and academic publications.

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Personality in Focus

Gospel Singer, Big Bolaji, Dies at 50

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The family of Bolaji Olarewaju, popularly known as Big Bolaji has confirmed the passing of the singer following a brief illness.

According to a statement signed by the Family on Saturday, Bolaji died on Easter Saturday.

The statement said, “It is with profound sadness that we announce the passing of Bolaji Olarewaju, affectionately known as “Big B,” a cherished father, husband, brother, and an esteemed figure in both the church community, an ordained Pastor in the RCCG and a giant in the music industry and our community. Bolaji left us on Easter Saturday, 19th April 2025, after a brief illness.

“His departure leaves a void in our hearts that can not be filled.

“Bolaji’s life was a testament to his passion for music, his unwavering faith, and his dedication to uplifting those around him. His legacy is not only in the melodies he created but in the lives he touched and the unquantifiable joy he spread.

“We take solace in knowing that his absence with us is his presence with the Lord, and the indelible mark he left on all who had the privilege of knowing him will not be erased.

“As we navigate through this time of loss, we kindly request privacy to mourn as a family. We are deeply grateful for the outpouring of love and support we have received and ask that you continue to keep us in your prayers.

“Details regarding the obsequies will be shared in due course as we come together to celebrate Bolaji’s remarkable life and legacy.

“Thank you for respecting our wishes during this incredibly difficult time. With gratitude, The Family of Bolaji Olarewaju.”

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Personality in Focus

Founder, Diamond Bank, Paschal Dozie Dies 86

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Pascal Dozie, a renowned Nigerian entrepreneur and business leader has died. He was 86.

According to sources close to the deceased, Dozie died a battle with old age-related illness.

Dozie, was a man of many parts, best known for founding Diamond Bank and serving as chairman of Pan-Atlantic University.

He was born on April 9, 1939, in Egbu, Owerri, Imo State, Nigeria. Dozie’s educational background includes a degree in Economics from the London School of Economics and a master’s in Administrative Science from City University in London.

Dozie also founded theAfrican Development Consulting Group, which worked with notable clients like Nestle and Pfizer. He served as MTN Group chairman but later resigned and was succeeded by Ernest Ndukwe.

Dozie received the prestigious National Award of the Order of the Niger (OON) for his contributions to Nigeria’s banking industry.

Dozie is survived by his wife Chinyere Dozie, and five children among other relatives.

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Ex-Oyo Governor, Victor Olunloyo, Dies at 90

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A former governor of Oyo State, Dr. Victor Olunloyo, is dead.

According to a statement by his family on Sunday, he died a few days before his 90th birthday.

The statement titled ‘Victor Olunloyo goes home’ was signed by Oladapo Ogunwusi on behalf of the family.

It read, “With a heavy heart but gratitude to the Almighty, we announce the passing into glory of Dr. Victor Omololu Olunloyo, former governor of Oyo State, mathematician and engineer and renowned technocrat, a few days before his 90th birthday.

“The Balogun of Oyo and Otun Bobasewa of Ife, Dr. Olunloyo was first Rector, Ibadan polytechnic and first Rector, Kwara State Polytechnic among other notable appointments.

“His long record of service to the nation and humanity is a source of pride to his family and associates even as we come to grip with this devastating event.

“The Olunloyo family will appreciate the understanding of the press and the public as they commence efforts to give him a befitting burial.

“Even from everlasting to everlasting, He is God.”

About a year ago in April 2024, the rumour of the death of the elder statesman was reported by some news platforms.

But speaking with The PUNCH correspondent who visited his Molete residence in Ibadan, the state capital, he debunked the rumour, saying he was hale and hearty.

“I’m still here, not yet gone,” he declared then.

He also expressed worry over the rumour and asked who would live forever, stressing, “Those breaking death news and the person presumed dead will all die one day.

“I’ve been lucky. My father died at 42, while my mother died at 102. I’m 89. I’ve crossed the expected life age.”

The elder statesman also illustrated how the rumour of his death hit several news platforms on June 7, 2022.

He noted that the rumour mongers claimed that he died at the University College Hospital, Ibadan.

A few days later, the family issued a statement, declaring that he was not dead but suffering from old age ailment and asked Nigerians to pray for him to survive the health complications.

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