Being a successful and influential Chief Executive Officer (CEO) takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works.
LEADERSHIP Friday presents some of Nigeria’s highest paid CEOs and the stories behind their rise to the top, based on authoritative reports, between 2009 and 2012.
1. CEO, Stanbic IBTC, Sola David-Borha leads the list, with an annual remuneration of N177m – N484,931 daily.
2. CEO, Ecobank Nigeria, Jubril Aku earns N88m annually – N241,100 daily. But the bank reportedly slashed the CEO’s emolument to N38m per annum*, perhaps, as a measure against financial stress.
3. CEO, Mobil Oil Nigeria Limited, Tunji Oyebanji has an annual remuneration of N85m. When broken down, this amounts to a daily pay of about N231,956.
4. CEO, GTBank, Olusegun Agbaje’s annual take-home is a whopping N77m, which equals N210,960 per day.
5. CEO, Oando Plc, Jubril Adewale Tinubu earned N69m, a daily equivalent of N189,041.
6. CEO, Forte Oil Plc, Akin Akinfemiwa has an annual remuneration of N64m, or N175,342 per day.
7. CEO, UBA, Phillips Oduoza had N57m (as at 2010), or 156,164N every day.
8. CEO, Zenith Bank, Godwin Emefiele is also one of the highest paid CEOs of Nigerian companies, however precise data on his incomes was not disclosed. We estimated it on N100m per year**, based on financial results of the bank and its position in the bank’s hierarchy.
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