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Zenith Bank Launches Côte D’ivoire Subsidiary, Strengthens Francophone West Africa Presence
Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy.
The official opening ceremony, scheduled to hold on Wednesday, April 29, 2026, is expected to attract senior government officials and regulators from Nigeria and Côte d’Ivoire, continental business leaders, and members of the diplomatic community, highlighting the strategic economic ties and investment opportunities between the two markets.
The new subsidiary, licensed in December 2025 by the Ministry of Finance and Budget, Republic of Côte d’Ivoire, and regulated by the UMOA Banking Commission, will commence operations from its headquarters at SCI Wall Street, Avenue Noguès, Plateau, Abidjan.
The launch represents a strategic move to deepen the Bank’s presence in Francophone West Africa and strengthen financial intermediation within the West African Economic and Monetary Union (WAEMU). Positioned as a gateway for cross-border trade and investment, Zenith Bank Côte d’Ivoire will focus on corporate banking, trade finance, local and offshore banking services, and structured financial solutions tailored to businesses operating across Africa and internationally.
Commenting on the launch, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said: “From the very beginning, our Founder and Chairman, Jim Ovia CFR, set out to build a truly global brand with a strong presence across Africa and key international markets. The launch of Zenith Bank Côte d’Ivoire is a bold step in realising that vision; opening a strategic corridor into Francophone West Africa and reinforcing our commitment to facilitating trade, investment, and enterprise growth across the continent. As we continue to expand thoughtfully and strategically, we remain focused on delivering world-class banking solutions that connect African businesses to global opportunities.”
The new subsidiary will be headed by MD/CEO Mr. Cédric Tano, a seasoned banking executive with over two decades of experience. Speaking ahead of the official opening, he said “We are proud to establish Zenith Bank’s presence in Côte d’Ivoire at a time of strong economic growth in the country and increasing regional integration. Our focus is to showcase the Zenith brand as a customer-centric institution that combines global best practices with deep local insight. We are well positioned to support businesses with innovative financing solutions, facilitate cross-border trade, and contribute meaningfully to the growth of the Ivorian economy and the wider WAEMU region.”
The Côte d’Ivoire launch forms part of Zenith Bank’s broader continental growth strategy. In addition to the Anglophone countries where it currently operates, and in line with the expansion into the Francophone market, the Bank has commenced its entry process into the CEMAC (Central African Economic and Monetary Community) region, with Cameroon as the focal point.
With a footprint already spanning Nigeria, Ghana, Sierra Leone, The Gambia, the United Kingdom, France, the UAE, and China, Zenith Bank continues to bridge African markets with global opportunities, enabling seamless trade and financial connectivity across the continent and beyond.
Founded in 1990, Zenith Bank has grown into one of Africa’s most respected banking institutions, boasting a robust capital base and a consistent track record of strong financial performance. For 16 consecutive years, the Bank has held the record of highest Tier-1 capital in the Nigerian banking industry. Built on the foundation of People, Technology, and Service, Zenith Bank continues to deliver innovative financial solutions while maintaining a disciplined approach to growth and risk management. Its performance has earned it numerous local and international recognitions and endorsements.
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Lagos 2027: Samuel Ajose Defies APC Consensus, Buys ₦50m Nomination Form
All Progressives Congress (APC) governorship aspirant Samuel Ajose has officially purchased the party’s ₦50 million expression of interest and nomination forms for the 2027 Lagos State governorship election.
The Badagry-born philanthropist picked the forms personally in Abuja hours after the Governance Advisory Council (GAC), the apex leadership body of APC in Lagos; Lagos State Governor, Babajide Sanwo-Olu, and other chieftains of the Lagos APC endorsed the Deputy governor, Dr Obafemi Hamzat, as their preferred aspirant for the party’s ticket.
Ajose explained that his resolve remains rooted in service, anchored in a clear vision, and driven by one conviction that Lagos deserves development.
In a statement on his verified X handle formerly Twitter, Ajose said: “I have officially picked up my nomination and expression of interest forms, taking a definitive step forward in my aspiration to serve as Governor of Lagos State on the platform of our great party, the APC.
“This moment is bigger than a political process. It is a personal commitment to purposeful leadership, inclusive governance, and the kind of progress that every Lagosian can feel and point to.
“My resolve is rooted in service, anchored in a clear vision, and driven by one conviction; that Lagos deserves development which reaches every community, creates real opportunities for its people, and leaves no one behind.
“I begin this journey with humility, courage, and complete faith in God and in the good people of Lagos. Together, we are building something this state will be proud of.”
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Major Blow For ADC Faction As Court Restrains INEC Over State Congresses
A Federal High Court in Abuja, presided over by Justice Joyce Abdulmalik, has restrained the Independent National Electoral Commission (INEC) from recognising or participating in any state congresses organized by the caretaker leadership of the African Democratic Congress (ADC).
The court, in a judgment delivered by Justice Joyce Abdulmalik, also barred former Senate President, David Mark, and other prominent figures in the party from interfering with the functions and tenure of elected state executives.
The ruling is the latest development in the festering leadership dispute within the ADC, with clear implications for the control of party structures ahead of future political activities.
The case arose from an originating summons filed by Norman Obinna and six others on behalf of state chairpersons and executive committees of the party.
The plaintiffs challenged the legality of actions taken by a caretaker or interim national leadership, particularly the move to organise state congresses through an appointed committee.
They argued that the caretaker body lacked constitutional authority to organise such congresses or to appoint any committee for that purpose.
According to them, only duly elected party organs recognised under the party’s constitution possess the power to conduct congresses.
The plaintiffs, therefore, asked the court to affirm the tenure of the state executive committees and restrain any parallel processes that could undermine their authority.
In resolving the dispute, Justice Abdulmalik held that the claims brought before the court were valid and deserving of judicial consideration, especially in view of alleged breaches of constitutional and statutory provisions.
She stated that she found “the issue in the originating summons meritorious”.
The judge framed the central issue as whether the second to sixth defendants, including Mark, had the constitutional or statutory authority to assume the powers of elected state organs of the ADC, whose tenure is guaranteed under the party’s constitution.
She relied on section 223 of the 1999 Constitution, which mandates political parties to conduct periodic elections based on democratic principles, as well as Article 23 of the ADC Constitution, which provides that national and state officers shall hold office for a maximum of two terms spanning eight years.
According to her, “the question is whether there is any infraction committed by Mr Mark and co-defendants when they convened meetings and appointed a body known as a congress committee to organise state congresses.”
On the defence raised by the defendants that the matter was an internal affair of a political party and therefore outside the jurisdiction of the court, the judge acknowledged the settled legal position but clarified its limits.
She held that while courts are generally reluctant to interfere in internal party matters, they will intervene where there is a clear allegation of violation of constitutional or statutory provisions.
“The law is settled that courts will not interfere. However, where there is an allegation of breach of constitutional or statutory provisions, the court has a duty to intervene,” she ruled.
“Where a party alleges that its constitution has been violated, the court is bound to adjudicate. Any argument that this court lacks jurisdiction on that basis fails,” she added.
Justice Abdulmalik stressed that political parties must operate strictly within the confines of their constitutions, noting that any deviation from prescribed procedures, particularly in leadership matters, cannot be justified under the guise of internal autonomy.
She found that the procedure adopted by the defendants, including the appointment of a “congress committee,” was not recognised by the ADC constitution and therefore invalid.
Consequently, the court held that the tenure of the state executive committees remains valid and must be allowed to run its full course without interference.
The judge further ruled that only those elected structures have the authority to organise state congresses, effectively nullifying any process initiated by the caretaker leadership.
In a set of far-reaching orders, the court set aside the appointment of the congress committee and restrained INEC from recognising any congress organised by it.
The court also restrained Mark and the other defendants from organising congresses or conventions outside the provisions of the party’s constitution.
Additionally, they were barred from taking any steps capable of undermining or disrupting the authority of the state executive committees.
The PUNCH reports that the plaintiffs, led by Obinna, instituted the suit in a representative capacity on behalf of ADC state chairmen and executive committees across the country.
The defendants in the matter include the ADC, David Mark, Patricia Akwashiki, Malam Bolaji Abdullahi, Ogbeni Rauf Aregbesola, Oserheimen Osunbor, and INEC.
In their submissions, the plaintiffs challenged the legality of caretaker or interim national working committees and urged the court to restrain INEC from recognising or participating in any congress conducted under such arrangements.
They maintained that under both the ADC constitution and the 1999 Constitution (as amended), the tenure of state executive committees subsists until valid congresses are conducted in accordance with laid-down procedures.
They further argued that any attempt to bypass the elected structures undermines internal party democracy and erodes the rule of law within the party.
However, the defendants opposed the suit through preliminary objections, counter-affidavits and written addresses.
Mark and the other defendants contended that the dispute related strictly to the internal affairs of the party and was therefore not justiciable.
They also argued that the plaintiffs lacked locus standi to institute the action and that the suit was incompetent.
They further submitted that the plaintiffs failed to exhaust internal dispute resolution mechanisms before approaching the court.
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Effurun: Spirituality Only Reason For ASP Nuhu Usman’s Fatal Shooting – Police Spokesman
Delta State Police Command spokesperson SP Bright Edafe stated on Wednesday that spirituality was the only possible explanation for the fatal shooting of a suspect by a police officer in Effurun.
Speaking on Channels Television’s “The Morning Brief”, Edafe described the incident as his “most difficult moment” in six years of public relations due to its unexplainable nature.
He was reacting to the extrajudicial killing of a suspect by an Assistant Superintendent of Police.
The police spokesman described the incident as a difficult moment for the force.
Recall that one ASP Nuhu Usman shot a suspect, Mene Ogidi, to death in Effurun, Delta State.
Reacting, Edafe said, “I will start with the the issue at hand, which is a very sad issue.
‘Since my six years of public relations, this is my most difficult moment, because having an incident that cannot be explained is very difficult. There is no explanation for this.
“That policeman, I just don’t get what I will say was wrong with him.
“Police cannot attribute problems to spirituality, but that may not be far from me, because that’s the only explanation that one can give to what he did.”
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