Zenith Bank unleashes N411 shareholder payout at Lagos AGM
SHAREHOLDERS of Zenith Bank Plc have approved a total dividend payout of N410.7 billion for the 2025 financial year following the bank’s Annual General Meeting (AGM) held in Lagos.
The AGM, which took place on May 5, 2026, in Lagos, also saw shareholders approve the bank’s audited financial statements for the year ended December 31, 2025, alongside several board and governance resolutions.
According to the resolutions passed at the meeting, shareholders approved a final dividend of N8.75 per share, amounting to N359.36 billion. The payment is in addition to the interim dividend earlier declared by the bank, bringing the total dividend for the 2025 financial year to N10 per share and a gross payout of N410.7 billion.
The dividend will be paid pro-rata to shareholders whose names appeared in the bank’s register as of April 24, 2026.
Shareholders also approved the appointments of Dr. Rislana Kanya Abdulazeez as an independent non-executive director and Mr. Kennedy Onuwa Okwudili as an executive director of the bank.
In addition, Engr. Mustafa Bello, Dr. Juliet Ehimuan, Mr. Adamu Lawani, and Mr. Louis Odom were re-elected to the board after offering themselves for another term.
The meeting further authorised the directors to fix the remuneration of the bank’s auditors, while also noting the remuneration of the bank’s managers as disclosed in the annual report and accounts.
Shareholders equally approved a directors’ fee of N60 million for each director for the 2026 financial year.
The AGM also renewed the bank’s general mandate to enter into recurrent related-party transactions necessary for its day-to-day operations, particularly transactions of a revenue or trading nature.
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For the Audit Committee, shareholders elected or re-elected Mrs. Adebimpe Balogun, Mr. Michael Olusoji Ajayi, and Prof. Leonard Fidelis O. Obika, while the board nominated Dr. Al-Mujtaba Abubakar and Pamela Mimi Yough to serve on the committee.
The resolutions were signed by the Company Secretary, Mr Michael O. Otu.
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Stella Odiche
Researcher-Reporter
Lagos, Nigeria
Stella Odiche is a researcher and reporter. She lives in Lagos and reports topics such as aviation, oil and gas, banking and general business. She is award-winning journalist and wideliy travelled researcher.
