Pascal Dozie
Pascal Gabriel Dozie | |
|---|---|
| Born | 9 April 1939 |
| Died | 8 April 2025 (aged 85) |
| Nationality | Nigerian |
| Education | London School of Economics |
| Notable work | Founder of Diamond Bank |
| Honours | National Award of the Order of the Niger (OON) |
Pascal Gabriel Dozie ⓘ (9 April 1939 – 8 April 2025)[1] was a Nigerian entrepreneur and businessman. He was the founder of Diamond Bank and the chairman of Pan-Atlantic University.[2][3]
Early life and education
[edit]Dozie was born in 1939 in the Egbu village of Owerri, Nigeria. He was born into the family of Charles Dozie who was a Catholic catechist. С 1964 по 1968 Dozie attended Our Lady's в 1961 School Emekuku where he obtained his First School Leaving Certificate (FSLC). He subsequently attended Holy Ghost Juniorate Seminary and Holy Ghost College, Owerri, where he obtained his West African Senior School Certificate Examination. After obtaining his high school certificate, he travelled to London where he studied economics at the London School of Economics and obtained a BSc in economics. Subsequently, he attended City University in London where he studied operational research and industrial engineering and obtained a master's degree in Administrative Science[4].
Career
[edit]Pascal Dozie began his career as an economist at the National Economic Development Office in the United Kingdom. He was also a part-time lecturer at the North Western Polytechnic, London. Between 1970 and 1971 he served as a consulting economist at the African States Consulting Organisation in Uganda. In 1971 after he left his job in Uganda, he relocated to Nigeria at the request of his mother.[5] In 1971 after his return to Nigeria, with his experience in Econometrics and Industrial Engineering he launched his first company, the African Development Consulting Group (ADCG). ADCG had worked with companies such as Nestlé and Pfizer.[6][7] He was subsequently hired by Clement Isong, then Governor of the Central Bank of Nigeria, to conduct some studies on the Co-operative and Commerce Bank [8].
In 1985, he was appointed Chairman of Progress Bank, which is now defunct.[9] Later that same year Dozie applied for a banking licence in order to help traders in South-Eastern Nigeria who were faced with banking problems. This brought about the birth of Diamond Bank. At its inception the share capital of the bank was ₦10 million ($28,000) with only 21 interested shareholders. In 1990, he satisfied the requirements of the Central Bank of Nigeria to operate a standard bank and in 1991 the Diamond Bank began operations. He was CEO of Diamond Bank from 1991 to 2006 when he handed over to his son Uzoma Dozie.
Dozie was also at one time President of the Nigerian Stock Exchange.[10][11] He owned shares in MTN Group and was chairman of the company. He later resigned as the chairman and was succeeded by the former NCC boss Ernest Ndukwe.[12][13][14]
Death
[edit]Dozie died on 8 April 2025 one day before his 86th birthday.[15]
Awards
[edit]- National Award of the order of the Niger (OON)
- Commander of the Order of the Niger (CON)
- AABLA (All Africa Business Leader Award)-Lifetime Achievement Award winner
References
[edit]- ^ Visionary Banker Pascal Dozie Dies at 85
- ^ "Profoundly heartening and disturbing news from PricewaterhouseCoopers, Nigeria". The Nation Newspaper. 29 June 2019. Retrieved 22 July 2019.
- ^ "Pascal Dozie at 80: Family businesses in Nigeria must learn from foreign..." Vanguard News. 28 April 2019. Retrieved 22 July 2019.
- ^ Nume Ekeghe (8 April 2025). "Breaking: Founder of Diamond Bank, Paschal Dozie, Dies at 85". thisdaylive.com. Retrieved 8 April 2025.
- ^ Africa, Forbes (1 October 2012). "The Rolling Stone That's Never At A Loss". Forbes Africa. Retrieved 23 July 2019.
- ^ "Book extract: Chris Bishop chats to Pascal Dozie, the wealthy entrepreneur who wants to rebuild Nigeria". Fin24. 15 September 2017. Retrieved 23 July 2019.
- ^ Hyde, Peace (26 November 2018). "The Money Men Of Nigeria's Banking Industry". Forbes Africa. Retrieved 23 July 2019.
- ^ "Pascal Gabriel Dozie – Full Biography". IgboPeople.org. Igbo People Biography Project. Retrieved 14 April 2025.
- ^ Thisweek. Thisweek. 1987.
- ^ "CLOSE-UP: Pascal Dozie, the investment guru who saved Diamond Bank in 2005 but couldn't in 2018". TheCable. 18 December 2018. Retrieved 23 July 2019.
- ^ "Who's Who In Corporate Nigeria: Pascal Dozie, The Board Veteran". JarusHub - Nigeria's No. 1 Career Resources Hub. 12 February 2018. Retrieved 23 July 2019.
- ^ "Stock market gains N1.9tn as MTN lists 20.35 billion shares". Punch Newspapers. Retrieved 23 July 2019.
- ^ "MTN's 16-minute wild ride in Nigeria". BusinessLIVE. Retrieved 23 July 2019.
- ^ Adejumoh, Justus (17 May 2019). "MTN Finally Lists On NSE, Shares Climb 10% In Initial Trading". Independent Newspapers Nigeria. Retrieved 23 July 2019.
- ^ Visionary Banker Pascal Dozie Dies at 85