Meet some of Nigeria’s highest paid CEOs | Welcome to Linda Ikeji's Blog

LI_Leaderboard_4

LI_Leaderboard_1

LI_Leaderboard_2

LI_Leaderboard_3

Friday, 22 November 2013

Meet some of Nigeria’s highest paid CEOs

Leadership has unveiled some of Nigeria's highest paid CEOs and the stories behind their rise to the top, based on authoritative reports, between 2009 and 2012. Read below

Culled from Leadership
Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and influential wonder how others have achieved great things, thinking such feats are impossible in their bid to toe same path.
Nigeria boasts a slew of successful CEOs in almost every sector – banking, oil and gas, sports, health and manufacturing. LEADERSHIP Friday unveils some of them. Find the report after the cut...

CEO, Stanbic IBTC, Sola David-Borha 
As the managing director/CEO of Stanbic IBTC Holdings Plc, David-Borha is one of the country’s highly-rated bankers. She is the highest paid director in Nigeria’s banking sector, with an annual remuneration of N177m. When broken down, this becomes N484, 931 daily, including weekends when may have no reason to go to work.

David-Borha has patiently risen through the ranks to get to where she is today. She was, at different times, responsible for overseeing the corporate finance and corporate banking, projects and structure finance, as well as asset management and private banking departments. At a time, she bore the burden of supervising treasury and finance services department.

David-Borha also headed the correspondent banking relationships’ department at Stanbic IBTC and served as a member of the executive committee. She was appointed to the bank’s board in 1994 and has held other positions, including a spell as director of Stanbic IBTC Bank Plc, Stanbic Nominees Nigeria Limited and Stanbic IBTC Stockbrokers Limited. She was also appointed a member of the board of Financial Institutions Training Centre (FITC).  She did not miss serving as a member of the bank’s board credit, board nominations and risk management committees.
 Having passed through these stages before rising to the pinnacle, David- Borha can be said to have, indeed, paid her dues and can be said to have exhibited a great degree of competence, experience, long career plan and hard work to get to her present position.

CEO, Mobil Oil Nigeria Limited, Tunji Oyebanji
Mobil Oil Nigeria (MON) is one of Nigeria’s major petroleum products marketing companies. As its chief executive officer, Oyebanji is on an annual remuneration of N85m. When broken down, this amounts to a daily pay of about N231, 956.

As chairman/CEO/managing director of MON, there is no doubt that Oyebanji’s hard-work, commitment and dedication has been largely responsible for the turn-around which the company’s fortune has experienced, making it stand tall among other competing oil corporates.
The company now operates more than 200 retail outlets spread across the 36 states of Nigeria and the Fedeeral Capital Territory; it owns three plants (in Apapa, Lagos State) where lubricants, petroleum jelly and insecticides are manufactured.

As at 2011, MON had an annual turn-over of N63.1bn, from N58.34bn in 2010. With a combined dividend per share of N5 and bonus issue of one for five shares, MON has, arguably, the industry’s highest priced stock.

CEO, GTBank, Olusegun Agbaje
The managing director/CEO of Guaranty Trust Bank (GTB), Olusegun J.K. Agbaje, is rated as one of the country’s highest paid CEOs. His GTB prides itself as “the biggest and most profitable bank in Nigeria” and one of the biggest companies on the shores of West Africa. Agbaje co-founded the GTB in 1990 with Tayo Aderinokun who died in 2011.His annual take-home is a whopping N77m.
Before assuming the current position, Agbaje was the deputy managing director of the bank between August 2002 and April 20, 2011. He has also served as the divisional head of the bank’s institutional banking division and also as acting MD of GTB (Ghana) Limited, from April 20, 2011.

Interestingly, Agbaje has served in a number of capacities before becoming the man at the helm of the bank’s affairs. He was, at different points in his career; member, Assets and Liability Management Committee; member, Criticised Assets Committee; member, Board, Information Technology Strategy Committee and member, Board, Risk Management Committee.

On his way to the top, Agbaje also served as member, board, Human Resources and Nomination Committee; member, Management Risk Committee and member, Management Credit Committee.  Experience garnered from serving in these committees helped, in no small measure, in preparing him for the current position of CEO.

CEO, Oando Plc, Jubril Adewale Tinubu
According to recent financial reports, the second highest paid CEO in the oil sector is Wale Tinubu, with a total annual remuneration of N69m, an equivalent of N189, 041 per day.
Tinubu is the group chief executive of the company which has been hailed as Africa’s leading indigenous energy solutions provider listed on the stock exchange in Nigeria and Johannesburg. Tinubu also has a record of long-time service, having served on the board of various blue-chip companies as chairman and director.
His outstanding performance has won him several awards, among which are; Africa’s Business Leader of the Year awarded by the African Business Magazine and the Commonwealth Council on the basis of his contributions to the development of the African oil and gas sector in 2010. He won the same accolade in 2011, courtesy of the African Investor.

These accolades are proof that Tinubu’s ascension to the pinnacle of the administrative ladder in Oando was no fluke but a function of his doggedness and hard-work. Tinubu also holds key positions in a number of major financial institutions.

CEO, Forte Oil Plc, Akin Akinfemiwa
Forte Oil Plc. (formally African Petroleum Plc.) is a foremost indigenous major marketer of refined petroleum products with strong presence in the 36 states of the federation and Abuja. According to recent reports, as its group chief executive officer, Akinfemiwa’s annual salary is N64m (N175, 342 per day).

Prior to this appointment, Akinfemiwa had a successful career in the banking sector. He served as the CEO of Sky Bank Plc, until July 31, 2010. His expertise covers a range of areas, including; strategic planning and management, corporate banking, project financing, leadership and advisory services. He has also served as managing director/CEO of Prudent Bank.

Akinfemiwa has now brought his hard-work to bear on the fortunes of Forte Oil Plc. The public liability company which is quoted on the Nigerian Stock Exchange (NSE) has over 500 dealer-assisted and dealer-developed retail outlets spread across the country.

CEO, UBA, Phillips Oduoza
Phillips Oduoza is the chief executive officer, group managing director, and an executive director of the United Bank for Africa (UBA) Plc. He is one of the highest paid CEOs in the banking sector, with an annual remuneration of N57m (as at 2010). It suffices to say that Oduoza is one of the few who can beat their chest in fulfilment of a banking career.

He became the CEO and managing director of the bank in August 2010 and has served as its deputy managing director (South) from the 2005. Besides having the honour of having gained monumental experience from working across different banks for more than 20 years, he has served also as the bank’s executive director of Retail Financial Services. UBA’s fortune, no doubt, has snow-balled, with results from his professional services and investment of talents as proof.

His services in the bank cut across membership of the board risk committee and financial and general purpose committee. Before assuming the position of CEO, he served as deputy managing director of the bank. Among many other designations, he was an executive director of the defunct Standard Trust Bank (STB) which was acquired by the UBA in the thick of the consolidation exercise introduced by the then-governor of the Central Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo. 

CEO, Ecobank Nigeria, Jubril Aku
According to a Banks’ Financial Transparency report, as at 2009, the bank ranked second on the list of highest paid bank CEOs in Nigeria, with N88m per annum as salary for its CEO. But the bank reportedly slashed the CEO’s emolument to N38m per annum, perhaps, as a measure against financial stress.

Jubril Aku is the chief executive officer (CEO) of Ecobank Nigeria Plc. He has been its managing director since March 2010. Aku served as acting treasurer, Citibank, Tanzania and as country treasurer, Citibank Nigeria Plc.

He began his banking career in 1979 with the United Bank for Africa (UBA) Plc., where he worked for three years from September, 1986 to December, 1989. He served at the Continental Merchant Bank Plc., where he worked as a credit and investment analyst.
Aku has served in various capacities with different financial institutions and is, by all standards, an accomplished banker.

Au’s academic brilliance has earned him several accolades, among which are the First Bank of Nigeria Plc Prize for the Best Graduating Student in Banking and Finance at the Ahmadu Bello University, from where he graduated with honours in 1986.

CEO, Zenith Bank, Godwin Emefiele
The CEO and group managing director of Zenith Bank Plc, Godwin Emefiele, is also one of the highest paid CEOs of Nigerian companies. Emefiele succeeded the pioneer CEO of the bank, Jim Ovia, in August 2010. By his current position in the bank’s hierarchy and the number of branches it can bboast of within the country and in West Africa, it is evident that Emefiele is fulfilled.

Prior to his choice of banking as a career in Zenith Bank, Emefiele was a lecturer in University of Nigeria and University of Port Harcourt where he taught Finance, Bank Management and Insurance. However, he later left the academia for banking. He joined Zenith as a pioneer staff over 22 years ago and has proved his worth in advancing the bank as well as increasing its fortunes and profitability. In 2001, he was appointed deputy managing director before succeeding Ovia three years ago.

He has also served as member of Executive Committee, member of Board Credit Committee, member of Staff Matters, Finance and General Purpose Committee and member of Board Risk Management Committee.  Emefiele’s services and impact were also felt in Management Global Credit Committee, Risk Management committee, Assets and Liabilities Committee and Information Technology Steering Committee where he served as member.

The advancements made by the bank are not without the inputs of Emefiele who served as executive director in charge of corporate banking. He as well served in the treasury, financial control and strategic planning department. He has been in the management team of Zenith Bank from its inception.

188 comments:

Mz_NenyeH said...

Okay,pleased 2mıt yhu'ol..Thankyu,yhu'ol r wehkum,dnt mentıon!

BONARIO NNAGS said...

hmmmm GGMUB.

~BONARIO~says so via NOKIA3310

hilly_B said...

Where's dangote now???#first to comment!!

Mich said...

That's a whole lot of money these men rake in daily or per annum.
Hard work pays after all.

Anonymous said...

2 much money.

Anonymous said...

Well deserved, these folks are masters in their games...

WealthResult.com said...

Nice earning but one thing I noticed is that Most Professional Bloggers earns more than most of the CEO's in this list if not all of them. I mean pro bloggers, not Nigerian copy and paste entertainment bloggers.

The secret is: Be seriously with anything you've chosen to do and do it well, the money will start flowing with time.

Tiana said...

9ja wit so much money yet I only need 1m urgently........ Wia all dis people base self?

★★PRINCE CHARMING™★★ said...

"Don't tell me the sky is the limit when there are footprints on the moon..."

These individuals are an inspiration for sure!

Anonymous said...

The writer didn't do his research well. Agbaje isn't a co-founder of GTbank. Who dash monkey
GTB is the brain child of Fola Adeola and Tayo Aderinokun.
Agbaje was just DMD when Tayo was MD/CEO

Cute G said...

*singing* "the sun save my life"

Anonymous said...

SEGUN AGBAJE I SEEEEEE YOU....GTBANK MD....MEAN MAN!!!

Anonymous said...

Hmmm oga o. Only God knows. I beleive there are many others we dont know
LSee This Lagos Female Club Owner Flaunts Her Big Bo*obs By Exposing In Public [pic]

Anonymous said...

OMG!! A woman is leading the chart,thats nice n am really motivated abt that..come 2 think of it,so eco bank pays their CEO more than zenith#iwillmakeitinjesusnameamen#

Anonymous said...

Yet they open their mouth ... Awon omo ale "Aje ewe "

Anonymous said...

But I tot Igbos were hardworking? Where dem dey for this list *stiffles laff*

Anonymous said...

an hour later no comments. if na bikini or necked tonto u for don see 1,109,474 comments.

Anonymous said...

I was expecting to see all igbos o. I thought God created them differently and they own big big companies. The list is a lie! Period.

Anonymous said...

Anon2:45pm God bless you. Na you sure pass

Anonymous said...

Am really moved by dere achievement

Tony young said...

long story...nice to meet them

Anonymous said...

This is why there is depression and problem all over the place. Imagine sb earning this much in a year. How much is the profit of the bank. That is why the bank continue to steal our money.

NMA said...

Hmmmm dats cool cash without sweat..

CEO said...

Thunder go fire the pesin wey compile dis list!! Wey my name nah????

Anonymous said...

hmm am higly inpress dat z a woman dat z leadin.

Lucy said...

That's great, a woman leading the chart. A lesson here.

Anonymous said...

Wow! What a challenge to women! God help me ooo!

candice said...

Don't mind stupid Nigerian bloggers if them see pquare drank red bull or kim kardashian wore red pant them 4 don post comment tire smtechhheeeeewww big ups to the lady ontop mehnnn so proud a lady is leading agbaje with all im mouth shnhhhhhh

Anonymous said...

Hard work paid hmmmmm my is on de way

Anonymous said...

Wow niece 2 knw

Anonymous said...

How much tax are they paying? With a much lower salary, I probably pay more tax than any of them. Linda, for accountability reasons, also give us an update of their year tax payable to the government. Let's see if the highest paid also pay the highest tax.

Anonymous said...

Please get your facts and figures right next time. The picture u have of Akinfemiwa is the current Md of Forte Oil but the profile is for the Former Md of Skye Bank who is now the chairman of Heritage Bank.

MY TURN said...

Kudos to the CEO of Stanbic IBTC only because she's a woman but she and segun agbaje are the bastards terrorizing their staff. 2 staff members have died between October and November in Stanbic Ibtc. One was shot dead closing very late thanks to a wicked BM the second a woman was called back to work, collapsed and died.

Chikaka said...

No Sahara Energy? No MRS Oil?

MY TURN said...

ANON 2:45 PM

ABI O.......hahahahahahahahahahahahahahahahahahahahahahahaha.

Anonymous said...

Linda, the report about the MD of Forte Plc is incorrect in some parts. It states that: "Prior to this appointment, Akinfemiwa had a successful career in the banking sector. He served as the CEO of Sky Bank Plc, until July 31, 2010. His expertise covers a range of areas, including; strategic planning and management, corporate banking, project financing, leadership and advisory services. He has also served as managing director/CEO of Prudent Bank." This is not true Skye Bank Plc's former MD, Akinsola Akinfenwa is a different person entirely.

Anonymous said...

These are obviously well below the actual amounts. No Nigerian bank CEO earns less than a 100M naira

MY TURN said...

anon2:45

hahahahahahahahahahaha abi o

Anonymous said...

Impressed at d lady topping d charts really dats wat duffing ones hat for. Nice work am pressing towards d mark of success.

Anonymous said...

Lmao! You nailed it!

Anonymous said...

what of the ceo in shell,he is a nigerian,he'll mosdef top the charts

Anonymous said...

See money. God pls bless me too

Anonymous said...

Am glad to see a woman toping the list, so inspiring

Anonymous said...

Wow, this is lovely, i am, impress a woman is leading. but Lind u forget the post the amount for Zenith CEO. Abi them bribe you make u no post am

Anonymous said...

Hahahahah. My broda na true u talk. Thats nigerian youths for u. If naa bikini girls or POst about WIZKID or EMINIIC " u go see thousands of post... What a generation. God help us.

chocolata said...

Wish 2 b lyk dem

Anonymous said...

Hmmmmmm!!! It is well

Anonymous said...

No b small tin. So this pple r well pd ds way. OMG.

Anonymous said...

Wow! Just hearing of this woman at the head of stanbicibtc for the first time. Nice one! Seems like the bankers have it more than other sectors!

Anonymous said...

exactly @anon 2.45pm no comments if it was vain stuff you will see hundreds of comments and they will be racing for first to comment..anyway this inspires and motivates me as awoman,linda post my comment o

Anonymous said...

Lmaaaooo @ Anon 2:45pm. You no lie.

I will make it by His Grace. AMEN.

joe ogobor said...

Foreign banks pays beTter than indigenous banks while banking is more rewarding than d oil indstry in Nigeria

Anonymous said...

exactly @anon 2.45pm no comments if it was vain stuff you will see hundreds of comments and they will be racing for first to comment..anyway this inspires and motivates me as awoman,linda post my comment o

Emmanuel said...

#fact# that's our new 9ja o, tot it's only noticed by me

Anonymous said...

Yayy! Women empowerment/Gender wq

Anonymous said...

Wow I'm inspired! So a lady is the highest paid CEO in Nigeria? So what will I say is my excuse. Debee

Anonymous said...

Big lie. The Mobil and oando Ceos' make more than that. Dem dey hide from taxes.i work in the industry and I can bet my life on that

Anonymous said...

Nice... The information on the CEO of Forte Oil is inaccurate. He was never CEO of Skye Bank. Akin Akinfemiwa (Forte Oil CEO) joined Forte Oil from Zenon & not Skye. The former CEO of Skye Bank is Sola Akinfenwa.

Anonymous said...

Wetin person wan comment for dis one nah? Oya Linda comment. How much are u earning for dis gossip nah ? Abi u no be ceo again ?

Anonymous said...

Hahahaha funny but u ar right u know

Anonymous said...

Wow,I must work hard Oº°˚˚°º.

SUE JORDAN said...

I remember some years back when IBTC went public and i met Sola David Borha at the Hilton where she gave an outstanding speech. I recall thinking to myself that her level of intelligence was very well disguised by her youthful looks. She is one lady "you don't see coming". These are Presidential materials, not the airheads we have running this country!

moti said...

all said and done by these inspiring millionaire, it makes a conclusion as seamless as 'hardwork, determination and faith works'. am just gonna keep moving to get to ma destination...

Anonymous said...

Dear God bless my hustle and make me shine bright like a diamond better than diamonds. I will be successful by ur special grace amen. Thru the right means like this

Araoyinbo said...

Wow! I'm so motivated. What a man can earn,a woman can earn better. Lord,lift up my head oooo

Anonymous said...

Funny table...try to checkout shell, mobil, chevron etc and see what their Nigerian CEOs or Deputy CEOs earn. Lest i forgt CEOS of senatorial districts and federal constituencies nko?

Anonymous said...

And some people will be there complaining about our legislators earning much.some bankers earn 40k in a month.

Anonymous said...

Lol, do true

frankinsence said...

anon 2.45. why dyu exoect comments? people live in penury. majority of staff working under these menv esp the bankers are miserable. we work for them, while they live the life...its no news as a matter of fact, theyre making money for them selves, shareholders and family members.

Anonymous said...

Lol @ an hour later no comment.

GOREC said...

Some illetrate foothballers make far more than this guys.....Irony of life

OlᵘwᵃDᵅᵐ!lᵒlᵃ said...

Is this real? Hw can the annual take home of CEO of Gtb be 77million? That's small oo..

Anonymous said...

Anon 2:45. U get mouth

Anonymous said...

i know this woman, she worships at my former church, she's always in attendance, even for weekly services and even with her busy schedule. i feel so humbled by this and i am grateful that i know the importance of taking out time to maintain a good relationship with GOD. if this very busy and very important woman can do it, and as important as she is still remain humble, then none of us have any excuses. read your Bible daily, pray always, worship GOD and love HIM genuinely for who HE is and not just for what HE can give you. appreciate HIM genuinely and HE will prosper you. GOD bless HIS people. amen!

Anonymous said...

Very soon am gonna be like dis Great Woman(In Sha Allah)PsyB

Anonymous said...

Nice one dis re d kind of things I wnt to hear nt Tonto dis tonto dat

Anonymous said...

What I noticed is GTBank's CEO take home daily is same as the take home monthly for the executive trainee in that same bank. ET:The lowest paid full staff. hmmmmm.

Anonymous said...

Wat is here to comment about ni,boring

#didi

Anonymous said...

Abi o no mind them.

nana said...

Proper investigation was not done i believe,in the company i work a manager earn 3.5 million a month,that's 42 million a year and we are not even paying industry standard.In Ajip a trainee earn 1.2 million a month.so do the math,i even know a drilling engineer that earns 1000 dollars a day.

FERNANDEZ said...

This is d part that gets me pisd ooo.The ratio of labour turnover in my bank is high because of ill treatment of staff [full & Nfts],yet my CEO is earning other ppls annual income.mind u,her allowances,bonuses were not included.I LIKE SHOLA THOUGH but the board need to work on d middle and low level staffs salary.SHOLA IS HUMBLE TO A FAULT SHA....CHAI!!

Emeka Osuji said...

One Man's monthly take home that makes him brag is another man's daily wage. Hmmmnnnn...!!

Atuma Dubem said...

Please oo! I'm a medical student. Is there any doctor earning as high as that? #meditatingseriously

Anonymous said...

Trust me, the zenith guy gets more in pecks and all.

YMCMB said...

Anyhow i must be rich

usorolight said...

The men are good

Anonymous said...

Truely inspired! Linda keep a space for М̣̣̇Ɣ ηαмє, cos it ɪ̣̝̇ℓℓ happen soon pretty soon. If Ʊ want, use М̣̣̇Ɣ comment do weekend parry. *cagey*

Anonymous said...

Hahaha... na those kind thing dey interest the populace more coz it allows for criticism

Anonymous said...

This list is definitely a big joke. We ibos run most if not all companies in nigera.

Princess Dee said...

Good for them.I'm on my way up too#dancing#

Anonymous said...

Unfair! How much of these millions can a woman spend really? Let's face it!

Anonymous said...

Where's my gurl NDIDI OKONKWO NWUNELI of AACE Foods? Watch out for her. She's a silent millionaire. FORBES put her on their liset as one of the future african billionaires to watch closely. lINDA where is she?

Anonymous said...

The Bible says, 'my people perish for lack of knowledge'.
Linda posted a motivating news about successful corporate executives but people (LIBers) refuse to comment after 1hour 30minutes; it shows the focus of this generation.
If Linda post similar headlines throughout today and for two consecutive days, she will lose traffic and patronage to competitors.
This shows that most Nigerian youths are more interest in vanity stuffs like - bikini, celebs, nudes, Kim K., music, gossips and rumours.
May God help this generation.

Anonymous said...

Hmmmmmm,Money!!!

Anonymous said...

I noticed that many of them are banks' CEO's. Let them continue to enrich themselves with shareholders money. By the time CBN remembers them like Akingbola, Ibru etc, the banks would have been dead. CBN, please act on time to prevent massive retrenchment of employees and their share prices nosediving to 10k/share.

Anonymous said...

its very wrong for you to discuss people's salary. please get your facts n figures right linda. Mr. Akinfemiwa of Forte Oil Plc is different from Mr. Akinfemiwa of former skye bank MD.

Please be guided

miss dejavu said...

Lin lin u don giv runz girls names to look out for .yaaga

TWITS said...

Nothing too extraordinary. Av been wondering if its worth it at d end of d day..considering all d sacrifices, hardwork, etc. To cap it all, Mikel Obi earns more in 2months than the highest paid CEO earns in a year..plus d foreign trips, exposure, holidays involved,and minus the bonuses, endorsements, and sign-on fees(wen applicable)to go wt it.#FACT!#Think 'bout it!(Now @d punk dat askd 'where r d Igbos in d list', since ur dat ethnocentric like (ur) FFK,may I respond by saying 'only Mikel is enough'-I rest my case;good night)

Anonymous said...

Hmm.God make М̣̣̥̇̊ε̲̣̣̣̥ a great person very soon S̶̲̥̅Ơ̴̴̴̴̴̴͡ I can b among d successful pple linda will write about nt some entertainment freak

obamo ayo said...

my god,2much money

obamo ayo said...

my god,2much money

Anonymous said...

See money Ooº°°ºo. Na all this banker the eat the profit of frm my money. Lol

obamo ayo said...

Lol

Anonymous said...

Later some people will be clamping to own the whole of Lagos and Nigeria sef. Proud of the woman topping the chart

Anonymous said...

the profile of the akinfemiwa in this write up doesn't add up see the correct profile below - MR. AKIN AKINFEMIWA - Group Chief Executive Officer
Mr. Akin Akinfemiwa as the Group Chief Executive Officer of the Company is responsible for the overall strategic direction for the business and the subsidiaries. Mr. Akinfemiwa was a former Director, Trading and Business development of Fineshade Energy Limited.
Mr. Akin Akinfemiwa is a seasoned and experienced International Petroleum Products Trader with focus on oil and oil products futures, swaps and derivatives trading responsibilities. He was influential in developing strategic trading and supply relationships for Oando in the West African Sub Region.
Prior to this, Akin had worked with FSB International Bank plc as a Business Process Analyst and a sub-team leader on the Company’s Business Transformation project in 2001.
Mr. Akinfemiwa is an alumnus of the Said Business School, University of Oxford, United Kingdom. He also holdsa B.sc Honours degree in Mechanical Engineering from the University of Ibadan and a Master of Business Administration (information Technology) from the University of Lincolnshire and Humberside, United Kingdom.

obamo ayo said...

Na true

Anonymous said...

Lol! Which one be 1,109,474? Anyway, bikini foto dey jack man bodi well well.

Anonymous said...

Wow!M proud of her,Its a challenge 2 me as a Lady.

Anonymous said...

Anonymous 3:45 as no be breast or prick mata e de borin to u..

Anonymous said...

Wow! a woman. the highest paid. Who would've known?!!

Anonymous said...

Wow! I'm sure motivated

Anonymous said...

Linda, abeg you don't do this kind of analysis in Naija o, ha you want kidnappers to be on the watch out for them ni? lol
But be more realistic, I don't think on the whole they take home all that at the end of the day, remember there are taxes and pension contributions and such other deductions as well.
It is good to see that our Nigeria Bank CEOs earn this much, which is comparable to what most bank CEOs earn globally.

Anonymous said...

May I be known for greatness in Jesus nam

Anonymous said...

Hmm

Organics by MelVee said...

Is it just me; this woman looks like Linda Ikeji o! :D

Secrets to Glowing Skin

Anonymous said...

Lmao @ didi... I'm starting to see this everywhere... Hahahahaha #Desperate

Anonymous said...

@FERNANDEZ, well you may have your grievances but I hope you know that it not the CEO that determines what she/he is going to earn. That decision lies with the board, so if the board decides she deserves to be paid one million Naira daily, she will accept it and move on, so don't make it look like it is her fault.
She is answerable to the board, in case you do not understand how these things, she is just a figure head at the end of the day, pay structures are determined by the board, right down to what the cleaners and gardeners will earn.
And for the records, I am not related to any of the mentioned CEOs before una go come curse me o.
And for God's sake how did you come to the conclusion that 177 million is her just her basic pay, haba!!!! na Gold or diamond she dey mine for una? I am sure that is inclusive of all her entitlements.

Anonymous said...

I thought the money was going to be bigger than this sef. I have 30 and 31 year olds in my company that earn over N30M. And we're just an FMCG. These CEOs need to step up.

Anonymous said...

Ifeanyi ubah of Capital Oil earns more than all of them

Alexandra Ada said...

It is gud to see people working hard for their money at least it is not stolen money

Kelvin said...

Believe me dis guys take more dan dis monthly, haba ordinary Manager in a good reputable big companies take half of dat annually so how can a CEO of dis caliber be earning dat low peanut. I doubt d research was not properly done at all.

Anonymous said...

This my brain must open o! So that I can grow in my career path and professionally. Chai see achievement! *Floetry in Motion*

toju said...

God help M̶̲̅ε̲̣̣̣̥ in joining d list

Anonymous said...

@Nana, that is just there basic salary

Anonymous said...

Hi Linda, this is very wrong,total hogwash,Akin Akinfemiwa was never in Sky bank, he was a former employee of Oando and Former COO of Zenon oil and gas, double check before you post fake informations

Anonymous said...

Please o,what company is that

Anonymous said...

Linda, please get your facts right!! Akin Akinfemiwa's write up is laden with errors.

Anonymous said...

So where re the Nigerian youths,if it wie "who wore it beta" der wd ve bin loads of comments.is it not obvious wie d heart of our youth lie,no wonder Nigeria is d way it is.

Anonymous said...

Wow shola Borah, loves dis woman so much, very humble woman, jst met her 2day, she's jst wonderful... I kw God take me 2 d top 2 IJN.

Anonymous said...

To imagine dat Shola David-Borha is one of d most humble pple in Nigeria. A staunch rccg member- city of David parish. She's a worker in church! Can u beat such humility? Natural hair, no makeup, flat shoes etc. And obviously very intelligent

Anonymous said...

Please give full details of ur name and how 2 locate u

Anonymous said...

To imagine dat majority of stanbic workers na contract staff with 70k salary per month. God dey sha. Shola is a rare breed as for dat

Anonymous said...

I shall make it in life Inshallahu, these pple dnt have 2heads, God bless my hustle.amin

Anonymous said...

To imagine dat Shola David-Borha is one of d most humble pple in Nigeria. A staunch rccg member- city of David parish. She's a worker in church! Can u beat such humility? Natural hair, no makeup, flat shoes etc. And obviously very intelligent

Anonymous said...

Lindiway ur calculatioN for SHOlA salary daily is wrong if u say her annual pay is #177millon.

shopandmall Nigeria said...

Nigerians are some of the most hard working people you will ever find anywhere in the world. Hopefully lots of us will get encouraged and know that hard work still pay well. Great stuff!

Anonymous said...

Fool...God created evry1 equally

Anonymous said...

Its really nice seeing women in high places. She earns more than the men...happy for her o, God pls do my own

Diggah E said...

Really? I'm quite sure this topic was to counterbalance the earlier topic about Tony Elemelu. Only God knows the "unposted" insultive/accusing comments our dear Linda would have received that prompted her to post this topic on some (coughs) carefully selected highest paid CEO's. #ethnicBalancing#

Anonymous said...

Most of this information is wrong.forte isn't Skye.gosh!

Anonymous said...

This is a hypothetical analysis cut across just two sectors and few organisations. Mainstream sectors like maritime, aviation, manufacturing etc were left uncovered. There are many CEOs (indigenous & expatriate) who earn much higher than the first on this chart. Good for them as they serve as motivators to the young ones. Zion.

Anonymous said...

Lmao @ didi... All over the place
Hahaha #Desperate

Anonymous said...

Truly inspirational

Anonymous said...

Lord lead me to do right path. Amin ya Allahu

Anonymous said...

OMG! I'm so proud of Mrs. Sola David-Borha.. She worships in my Church (RCCG, COD).. Her humility is EXCEPTIONAL and she is so simple to the core. Honestl, I'm more inspired.

Anonymous said...

Idiotic fool

Anonymous said...

The delusion suffered by the ibos is their greatest undoing. They attach too much to their mediocre existence and lifestyles.

Victoria Mbonu said...

God help me,its never 2 late 2 actualize my dream.

Anonymous said...

Good for them all but we need more women on this panel.. Oya!

Anonymous said...

Linda that of UBA is not correct o. Is like 130million a year minus other things. Liable source

Anonymous said...

Erm Linda, I believe you misquoted here, Akn was never at Skye bank, hew as a reader at oando before joining Zenon after which he became MD of Forte oil

Anonymous said...

Like seriously??? Be seriously?

Anonymous said...

That's the prob... Dey only focused on the banking sector mainly, apart frm the mobile oil.... The MD of LAMATA is paid 7m as his salary... Now multiply dat by 12 and see ow much he gains per annum

Anonymous said...

Oh God, I want to be like Sola when I grow up, nd dat is y I won't stop striving, Asuu plz av mercy on us, I av dreams,wch I knw is attainable, So help me God....amen

Anonymous said...

Don't mind them. Hardworking my ass. Na only their fake spare parts that cause accidents and drugs that kill people we know them for. They hav only polluted the whole country with thier fake products, to the extent they wanted to assassinate their own Dora Akinyuli fighting fake drugs et al. Heartless killers

Anonymous said...

this is just basic salary. if you hear theirallowances ud cringe. some can get 500000k a month on credit allowance. its small compared to the e.d's of oil companies and co. they earn as much as 300mill

Anonymous said...

Sorry my man... U ar only a CEO in checking bloggers' update. Unfortunately, that won't fetch u a penny in a year!!! LOL. Jst kidding tho»

Anonymous said...

And because Linda only knows entertainment gossip,she copied n pasted without verifying.

Anonymous said...

Amen.

Anonymous said...

Amen

Anonymous said...

Its just you

Anonymous said...

Obviously Chicken feed compared to what the get from side deals!!

Anonymous said...

Dats not true o,he's a co founder...u shd verify b4 u start commenting wat u don't knw

Diggah E said...

@Anon 8:55pm - I want to believe that you are more intelligent than your comment suggests. The heading says "5 OF THE HIGHEST PAID CEO's", it didn't say "THE 5 HIGHEST PAID". Why they picked those five companies, I don't understand, but be rest assured that there are CEO's of various tribes (including Igbo's) earning similar or more. Sorry to burst your bigoted bubble.

Anonymous said...

And their marketers are working their asses off to meet targets..This is bad image to the society..

Anonymous said...

Haha u crack me up. They didn't say highest paid drug pushers now. Or other criminal enterprises for that matter.

Anonymous said...

You need 1 million??? Carry your toto go meet them now. See her mouth. You better go and work hard.

Anonymous said...

I agree with you. The people in Abuja are hopelessly useless. Especially that Alcoholics Anonymous of a president with blood-shot eyes.

Anonymous said...

Nna shut up dia. U think say na Emekabest fake spareparts ventures for Ladipo dem dey talk about? What do igbos know about banking/oil/commerce sector ? Anuofia

Ayodeji said...

Lol,even perez hilton can't make that kind of money N177m per year........advertising! Lai shey facebook..hope u are be seriously?

Anonymous said...

Linda is right on that calculation

Anonymous said...

Lmaoooooo and it's not about #didi too

Anonymous said...

These positions are nt given out of hardwork. Enough politickn, favouritism, and ethnicism go into them. And since u backstabbin lazy bastards backstabd us outta dat political context, u can u hv all the titles buh we keep all da wealth, and we gonna buy ur lands and houses untill y'll g8 outta ds land, destitutes. Tell me one thing any yoruba man has been able to create outta nofin? Wr de brain? It's either u r in charge of the oils, banks, and any other outfit raised up wif looted fund, and u call it hardwork? *smh*. And wen one comes 2 dos places, u reek of amala, speak only noisy, slimy language. Dirty Ppl.

Anonymous said...

Well done oo...dey cast the poor woman make kidnappers to know her dets ooooo. IMO, i don't think this unnecessary hype is right tho....in this our unsafe country & Christmas lurking round the corner ( boys aren't smiling!!!)
Funny world it is......one person's annual income is one person's daily income.

Anonymous said...

This info is inaccurate. You did not add performance based bonuses to there total pay package. In a good year, someone like Agbaje takes home something in excess of one hundred million naira, not to mention his stock options.

SIMPLYCOCK said...

Can see two Akokites dia..Mobil's Oyebanji and UBA'a Oduoza...
We no dey carry last!!!

Anonymous said...

Muslim women don't go to school so forget it...inshallah

Dan said...

Guys, there is no need for such unruly talk. You should respect ur fellow man. Plus you obviously didn't read it clearly, check out CEO, UBA and CEO, Zenith. Does Emiefele or Oduoza sound french to you?

jeneviv Emma said...

Moni speaking

Emmanuel Thomas said...

Linda know how u dey post figures here o u know naija kidnappers don upgrade to online research b4 striking.

Anonymous said...

Make una wait for una time hoo.

Anonymous said...

Make una wait for una time hoo.

Anonymous said...

Ignoramus

Anonymous said...

I earn more than these peopllle

Uc said...

Please dis figures are wrong except they are invading tax...... figure for these ceo are wat senior directors may earn if not more...i sure can bet on that

Anonymous said...

Linda get ur facts right...Philip earns over N120m per annum.

sandra said...

very wrong info

Nichole Mercado said...

Reading the comments it seems that there are some misinformation happening here? Anyhow, if these stats were true it's nice to know that a Woman is leading the chart. I'm a business management student at an American School of Entrepreneurship, and this really helps to keep me motivated.

Recent Posts