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Bank Zenit history
Bank Zenit company history timeline
In 1997, Cyberspace acquired a new spectrum frequency from the Nigerian Communications Commission (NCC) which enabled it to transmit data within Nigeria wirelessly.
It became a public limited company in July 2004, and had an initial public offering on theNigerian Stock Exchange (NSE) on October 21 of that year.
As a testament to his immense accomplishments in the area of education, the Lagos State University conferred on him an honorary Doctorate of Science Degree in Finance in 2005.
In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc.
In 2010, the Bank was defrauded of about N7.5 Billion by a staff and was made to make provisions for it by Nigeria’s reserve bank.”
More recently, in April 2019, he was awarded an honorary Doctorate Degree by the University of Lagos at the institution's 50th convocation ceremony.
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