Ebenezer Onyeagwu, Zenith Bank CEO, Purchases Additional 662,844 Shares in the Bank

According to the disclosure statement filed by the lender’s management, the GMD/CEO acquired the shares in two deals. Onyeagwu purchased 652,842 units at N22.10 a share while another 10,002 units were acquired at N21.70 per share. On aggregate, the Zenith Bank boss bought the 662,844 shares at an average price of N21.90 a share on May 7, 2021 but the disclosure signed by Michael Osilama Otu, Company Secretary and General Counsel, Zenith Bank was released on May 14, 2021. The transaction was carried out in Lagos, Nigeria (Nigerian Exchange Limited). The Securities and Exchange Commission (SEC) mandated public disclosure of all insider dealings to enforce transparency across the board. Also, it gives clues on directors’ position on companies direction.