Female Directors of Nigerian Banks Grow Wealth to N4.64 billion in 9 Months as Abolanle Matel-Okoh leads -GCFRNG

Female Directors of Nigerian Banks Grow Wealth to N4.64 billion in 9 Months as Abolanle Matel-Okoh leads -GCFRNG

The richest Nigerian woman is Folorunsho Alakija, but other smart business executives are making fortunes through stocks According to the Nigerian Stock Exchange (NGX), there are currently only 12 female bank managers who own equity units in banks

The heads of some of the largest banks in Nigeria have increased their wealth to 4.64 billion nairas in the first 9 months of 2021. Their new wealth was boosted by the returns on their investments in Access Bank, First City Monument Bank, Stanbic Bank, Wema Bank, and Zenith Bank. The 12 directors have a total of 1,880 million (1,880,729,428) in the five banks, both directly and indirectly. Some of the bank directors Photo credit: LinkedIn / Anthonia Ogunmefun, Ajoritsedere Awosika, Hadiza Ambursa, Chizoma Okoli, Ifeyinwa Osime

The names Ms. Anthonia Ogunmefun, Ajoritsedere Awosika, Hadiza Ambursa, Ms. Chizoma Okoli, and Ms. Ifeyinwa Osime are all directors of Access Bank, while Ms. Olapeju Eniola Sofowora has direct interests in FCMB.

No. 1 from Nigeria, Ms. Abolanle Matel-Okoh has direct shares in Stanbic Bank, while Ngozi Edozien, Ifeoma Esiri2 and Sola David-Borha own direct shares in Wema Bank. Omobola Ibidapo-Obe Ogunfowora and Adaora Umeoji are shareholders of Zenith Bank, both directly and indirectly. How they earned their money Ms. Anthonia Ogunmefun, Ajoritsedere Awosika, Hadiza Ambursa, Ms. Chizoma Okoli, and Ms. Ifeyinwa Osime have direct and indirect shares totaling 24.7 million (24,720,753) and earned N18.54 million in the first nine months of the year. This occurs when Access Bank’s share price rose 0.75 percent to N9.55 on Friday, October 2021, up from N8.8 per share earlier in the year. The value of his shares in the bank was valued at 236 million nairas based on last Friday’s share price.

His shares in Access Bank are currently valued at N22.2 million as of Friday. Awosika’s Access Bank share value rose to N67.8 million last Friday, and she already earned an additional N5.3 million during the period under scrutiny. Ambursa had the highest capital gains among Access Bank directors, with the value of the 13.7 million (13,761,535) shares of it increasing by N10 million to N131 million over time. Okoli, another CEO, received 1.13 million naira of 1.5 million (1,507,020) indirect shares, bringing the total value of her shares to 14.3 million naira. Mrs Osime’s share price only increased by 97,209 shillings. Director of FCMB Source: LinkedIn / Eniola Sofowora Source: Facebook FCMB Olapeju Eniola Sofowora is the only director who owns shares of FCMB, and her shares are now valued at 790,125 naira. However, this was a decrease from the N821,625 it was worth at the beginning of the year.

This is due to the fact that the FCMB share value fell from 3.13 per share in January, 4 at 3.01 per share on Friday, October 18. Stanbic Ngozi Edozien, Ifeoma Esiri2 and Sola David-Borha’s combined stake of 35.16 million (35,162,883) increased in value to N137.13 million last Friday from N132.7 million earlier in the year, as Stanbic’s stake increased from 37.76 per share on January 4, 2021 to 39 per share last Friday, as the Stanbic share increased from 37.76 per share on January 4, 2021 to 39 per share last Friday. Edozien 18,563 units of shares earned N37,126 during this time period, while Borha 527,839 units earned its N1.15 million. Esiri2 has achieved the largest financial gain, with its 34,616,481 shares earning its N69.2 million so far. Wema Ms. Abolanle Matel-Okoh is the sole director and currently holds the most shares among all current bank directors. ALSO READ Aliko Dangote, Rabiu Abdulsamad earn N30.4 billion in eight hours Matel-Okoh owns 1.75 billion (1,750,000,000) units worth N1.29 billion, based on which includes sitting and honorarium allowances.

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