CEOs are the figure heads of the companies they control. They’re the ones who direct their corporate business in the direction of success. And they’re the people that get bitten when something goes wrong. It’s a tough line of work, and only the best can make it to the top. And with such a prestigious position, often comes a paycheck laden with zeroes. Below you can find the top 5 highest paid Chief Executive Officers in Nigeria along with their annual income.
1) Sola David-Borha, Stanbic IBTC
₦117 Million
One of the country’s highest regarded bankers, Sola David-Borha is also the Nigerian banking sectors highest paid director. As she rose through the ranks of the banking world, she became acquainted with corporate finance, banking and asset management as well as serving some time amongst the supervising treasury and finance services departments.
2) Jibril Aku, Ecobank Nigeria
₦88 Million
Up until the end of 2015, Jibril Aku was involved in Ecobank Nigeria, until he stepped down from his position to join their parent company, Ecobank Transnational Incorporated (ETI). Aku was responsible for the banks Treasury & Financial Institutions and was involved in moving the bank up to the 6th biggest bank in the industry, compared to it’s previous position at number 13.
3) Tunji Oyebanji, Mobil Oil Nigeria Limited
₦85 Million
One of Nigeria’s biggest petroleum product marketing companies, Mobil Oils CEO is a huge player in the industry. Having had a large impact on their profit margin since he started, he is certainly someone that Mobil doesn’t want to lose to a competing company. And a very viable reason behind his enormous paycheck.
4) Olusegun Agbaje, GTBank
₦77 Million
GTBank is said to be the biggest and most profitable bank in Nigeria, so it wouldn’t be surprising to know how much their CEO is getting paid. Agbaje and Tayo Aderinokun, who died in 2001, both founded GTBank back in 1990, and Agbaje still remains as a co-founder.
5) Jubril Adewale Tinubu, Oando Plc
₦69 Million
Tinubu has won several awards for outstanding performance and has a record of long-time service at Oando Plc. His climb to the top of the corporate ladder is no surprise, and has resulted in Oando being hailed as Africa’s leading indigenous energy solutions provider.
The money flows in the corporate world, especially if you’re close to the pinnacle of your business. These figures, compared to the average annual salary of ₦660 000, is staggering.
