It appears the news early last week that Jim Ovia will be confirmed as Chairman of Zenith Bank has now been confirmed. This was made official via a release from the Nigerian Stock Exchange. The board had actually approved his Chairmanship since April but takes effect June 16. I am guessing NSE official announcement was delayed till July as CBN approval will also be required. Here is the press release.
Zenith Bank Plc notified The Nigerian Stock Exchange of the resignation of Sir Steve Omojafor as the Chairman of the Board of the Bank effective June 16, 2014. The Bank, also informs that at its Board of Directors meeting of April 2, 2014 Mr Jim Ovia was appointed as a Non-Executive Director and Chairman of the Bank and Mr Olusola Oladipo as an Executive Director of the Bank respectively, however the appointments were with effect from June 16, 2014.