Business List of Nigeria's Top-paid CEOs: A Woman Tops the List, Earns N117m Annually

Vunderkind

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It’s a dog-eat-dog world out there, they say, but others still find a way to be the top dog in their fields. Becoming a chief executive officer in Nigeria takes serious commitment, sacrifice and intellectual ability than the average man is willing to part with, and this is why the lives of CEO’s often appear to be shrouded in mystery. They are like demi-gods, towering over the rest of humanity…

This is a peek into the lives of the highest-paid CEOs in Nigeria:

Sola David-Borha, CEO OF STANBIC IBTC
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This interesting woman is the MD/CEO of Stanbic IBTC Holdings Plc. She is the highest paid director in our banking sector. Her annual take-home pay? N177m. if we want to break this down, we’re saying she earns N484,931 daily (and that’s with weekends included)

Tunji Oyebanji, CEO of Mobil Oil Nigeria Ltd

CEO of Mobil Oil Nigeria (MON), one of the major petroleum products marketing companies in Nigeria, Tunji Oyebanji has an annual pay of N85m which, when broken down, translates to, give or take N230,000 daily.

Olusegun Agbaje CEO, GTBank

Olusegun J.K. Agbaje founded GTBank with Tayo Aderinokun (who died in 2011) in 1990, and since then this bank has grown into what it is today. His yearly income is N77m.

Jubril Adewale Tinubu, CEO, Oando Plc

Financial reports put Wale Tinubu as the second highest-paid CEO in the oil sector. He makes, annually, a total of N69m.

Akin Akinfemiwa, CEO, Forte Oil Plc

The CEO of this oil company, which was formerly known as African Petroleum Plc, is said to be worth N64m annually.

Philips Oduoza, CEO, UBA

Philips Oduoza, apart from being the CEO of UBA, is also its group managing director and executive director. He has an annual income of N57m (2010 statistics)

Jubril Aku, CEO, Ecobank Nigeria

When a Financial Transparency report for Banks was released in 2009, Jubril Aku was ranked the second highest paid CEO in the banking sector with an annual income of N88m, but since then, his salary has been slashed to N38m per month – it is speculated that this was done because of financial stress the bank was facing.

Godwin Emefiele, CEO, Zenith Bank

Godwin succeeded Jim Ovia, pioneer CEO of Zenith Bank in 2010, and his track record since then seems to confirm that he has done well for himself. He is also among the highest paid CEOs in the banking sector.
 
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