Zenith Bank Plc has announced the appointment of Kennedy Okwudili as an executive director, with the role set to take effect from May 1, 2026.
The appointment was disclosed in a filing to the Nigerian Exchange Limited and signed by the bank’s company secretary, Michael Otu. According to the bank, the move aligns with its succession strategy focused on promoting experienced internal leaders and strengthening its executive team.
Okwudili holds a degree in accounting from the University of Maiduguri, obtained in 1998. He later earned a Master of Business Administration from Ahmadu Bello University and a Master of Science in Accounting from Veritas University Abuja.
With over 25 years at Zenith Bank, he has built extensive experience across key areas including credit, marketing, treasury, compliance and operations, serving in multiple roles and locations within the institution.
He is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria, as well as an associate member of the Chartered Institute of Taxation of Nigeria. He has also completed executive programmes at Lagos Business School, Harvard Business School, and Saïd Business School.
Beyond his corporate role, Okwudili serves as president of the Catholic Bankers Association of Nigeria.
In its financial performance update for the nine months ended September 30, 2025, Zenith Bank reported a pre-tax profit of N917.4 billion. Interest income rose to N2.74 trillion from N1.94 trillion in the same period of 2024, with loans and advances contributing N1.3 trillion and investment securities adding N740.5 billion.
Fees and commission income climbed to N299 billion, driven by account maintenance fees of N64 billion and electronic banking fees of N59 billion. Total assets also expanded to N31.18 trillion, supported by growth in cash balances, loans and investment securities.
The bank has yet to release its audited results for the 2025 financial year. Meanwhile, its shares have recorded gains on the Nigerian Exchange in 2026, surpassing N100 in March and closing at N107.5 as of March 24.
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