Pascal Dozie

Pascal Gabriel Dozie (born 9 April 1939 in Owerri, Imo State) is a Nigerian entrepreneur and businessman. He is the founder of Diamond Bank and the chairman of Pan-Atlantic University.[1][2]

Pascal Gabriel Dozie
Born9 April 1939
Egbu, Owerri, Imo State
NationalityNigerian
EducationLondon School of Economics
Notable work
Founder of Diamond Bank
HonoursNational Award of the Order of the Niger (OON)

Early life and education

Dozie was born in 1939 in Egbu village of Owerri. He was born into the family of Charles Dozie who was a Catholic Catechist. Dozie attended Our Lady's 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 traveled 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 got a master's degree in Administrative Science.

Career

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 African States Consulting Organisation in Uganda. In 1971 after he quit his job in Uganda, he relocated to Nigeria at the request of his mother.[3] In 1971 after his return to Nigeria, with his experience in Econometrics and Industrial Engineering he launched his first company African Development Consulting Group (ADCG) which brought about Diamond Bank in recent time. The company had worked with companies like Nestle and Pfizer.[4][5] He was subsequently hired by Clement Isong the then Central Bank of Nigeria Governor to conduct some studies on Co-operative and Commerce Bank.

In 1985, he was appointed Chairman of Progress Bank which is defunct.[6] Later that same year Dozie applied for a banking license in order to help traders in the South-Eastern Nigeria who were faced with issues of banking. This brought about the birth of Diamond Bank. At inception the share capital of the bank was ₦10million ($28,000) with only 21 interested shareholders. In 1990, he satisfied the terms of Central Bank of Nigeria to operate a standard bank and in 1991 the 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 a one time President of the Nigerian Stock Exchange.[7][8] He currently owns 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.[9][10][11]

Personal life

Pascal is married to Chinyere Dozie and have five children.

Awards
  • 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
  1. "Profoundly heartening and disturbing news from PricewaterhouseCoopers, Nigeria". The Nation Newspaper. 2019-06-29. Retrieved 2019-07-22.
  2. "Pascal Dozie at 80: Family businesses in Nigeria must learn from foreign..." Vanguard News. 2019-04-28. Retrieved 2019-07-22.
  3. Africa, Forbes (2012-10-01). "The Rolling Stone That's Never At A Loss". Forbes Africa. Retrieved 2019-07-23.
  4. "Book extract: Chris Bishop chats to Pascal Dozie, the wealthy entrepreneur who wants to rebuild Nigeria". Fin24. 2017-09-15. Retrieved 2019-07-23.
  5. Hyde, Peace (2018-11-26). "The Money Men Of Nigeria's Banking Industry". Forbes Africa. Retrieved 2019-07-23.
  6. Thisweek. Thisweek. 1987.
  7. "CLOSE-UP: Pascal Dozie, the investment guru who saved Diamond Bank in 2005 but couldn't in 2018". TheCable. 2018-12-18. Retrieved 2019-07-23.
  8. "Who's Who In Corporate Nigeria: Pascal Dozie, The Board Veteran". JarusHub - Nigeria's No. 1 Career Resources Hub. 2018-02-12. Retrieved 2019-07-23.
  9. Published. "Stock market gains N1.9tn as MTN lists 20.35 billion shares". Punch Newspapers. Retrieved 2019-07-23.
  10. "MTN's 16-minute wild ride in Nigeria". BusinessLIVE. Retrieved 2019-07-23.
  11. Adejumoh, Justus (2019-05-17). "MTN Finally Lists On NSE, Shares Climb 10% In Initial Trading". Independent Newspapers Nigeria. Retrieved 2019-07-23.
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