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Pascal Gabriel Dozie (Diamond Bank)


Encyclopedia » Biography » Entreprenuers
Nigeria

A debonair, per excellence and Quintessential Business man.

Welcome to Logbaby’s Biography of Dr Pascal Dozie.


SUMMARY

Name:  Pascal Gabriel Dozie

Chosen or Nickname: Pascal Dozie

Date of Birth: April 9th, 1939

Relationship Status: Married

Occupation: Business man

Net worth: $1.1 billion


INTRODUCTION

Pascal Gabriel is a Nigerian Business man and Investment Guru who is the founder and CEO Daimond Bank Plc.

EARLY LIFE AND EDUCATION

He is a native of Egbu in Owerri and was born In Owerri, Imo State, Nigeria on April 9th, 1939 to Catholic Catechist, Charles Dozie and his wife Janet. He had his Primary Education at Our Lady’s School Emekuku and his Secondary Education at Holy Ghost Juniorate Seminary and Holy Ghost College all in Owerri.

He was in the school band and church choir, taught for three years and left for London where he got a degree in Economics from The London School of Economics and a Masters in Administrative Science, specialising in Operational Research and Industrial Engineering from City University in London. All thanks to his elder brother Aloy who was into Real Estate business in London.

BUSINESS BEGINS

He worked as an Economist at the National Economic Development Office and at the Greater London Development Council in the United Kingdom as well as taught part-time at the North Western Polytechnic, London.

Between 1970 and 1971, he served as a consulting Economist at the African States Consulting Organisation in East Africa.

In 1971, he visited Nigeria from Uganda to see his mother (having lost his father in 1959 ) he stayed back in Nigeria and with his experiences in Econometrics and Industrial Engineering he founded the “African Development Consulting Group” (ADCG) that could be said to be the forebear of the present Diamond Bank Nigeria Plc. ADCG was concerned with feasibility studies, planning for governments as well as corporate organizations like Nestle and Pfizer.

HIS CAREER

The late Central Bank Governor, Dr. Clement Isong deployed Dozie’s abilities in several studies such as at the then Co-operative and Commerce Bank (CCB).

In 1985, he was chairman of Progress Bank which is now defunct.

It was about this time that the awakening began that he could put into practice what he knew and chose to come up with a bank that would be different in more ways than one.

In 1985, he applied for a banking license although he had no money, this action was prompted by a desire to help traders from the remote villages in the South-east of the Nigeria, where he grew up as they were facing the problem of carrying huge bundles of cash when they travel to Lagos for business and were Sometimes waylaid by rogues on the road. So he devised a means by which traders transferred money via electronic means instead of carrying it.

The share capital for the bank was ₦10 million and shareholding should cover two-thirds of the country. He got 21 people who indicated interest and submitted it to the Central Bank of Nigeria (CBN). But before he could collect and remit the money from the intending shareholders to the CBN the capital was increased to ₦20 million and while he was trying to figure out how to get the additional ₦10 million some of the people who showed interest started withdrawing. It was in 1990 that he fulfilled the CBN terms and in 1991 Diamond Bank went into operations.

In an interview he says “when I set up Diamond Bank, it was a family thing. I was the oldest worker. Everybody went by their first names. I was called PGD. I wanted to establish a technology- driven bank where the staff knew they are there to provide efficient, courteous service. I wanted a bank that would be creative and I think we succeeded,” he said.

It was not all that smooth sailing however, as he also recounted some of the skirmishes that went into putting in place “a strong, knowledgeable board of directors, qualification to which was not just access to cash.

“There was no share qualification for membership of the board. Most of the shareholders were professionals. We were looking for people who would make contributions and not those who would use it as sinecure to make money. We had a friendly but no-nonsense board.”

That tradition of a strong, knowledgeable board has been sustained and has led to the emergence of Diamond Bank Nigeria Plc, one of the brightest stars in the Nigerian banking firmament.

                                     ( L-R) Pascal Dozie

Pascal G. Dozie is the founder and former Chairman/Chief Executive Officer of Diamond Bank PLC (LON: DBGA), one of the top 10 banks in Nigeria and dually listed on the London Stock Exchange and Nigeria Stock Exchange. He is currently the Chairman of MTN Nigeria and a founding partner of Africa Capital Alliance, the first Nigerian private equity fund manager.

A one-time Director of the Central Bank of Nigeria and President of the Nigerian Stock Exchange, he served as the founding chairman of The Nigerian Economic Summit Group. Between 2009 and 2011, he was the Co-Chair of the Commonwealth Business Council - an organisation whose mandate is to involve the private sector in the promotion of trade and investment within the fifty-four Commonwealth countries. Mr. Dozie is a founding member of the Advisory Board of the Lagos Business School and a member of the Council of the PAN African University, Lagos. He also serves as the Co-Chairman of the Nigeria Business Coalition against HIV/AIDS.

He founded Kunoch Limited and has retired from Diamond Bank.

AWARDS

Year Award
2000 National Award of the order of the niger (OON)
2011 Commander of the Order of the Niger (CON) 
2013  AABLA (All Africa Business Leader Award)-Lifetime Achievement Award winner

HIS BOOKS

Perspectives on Nigeria’s Economic Development   Review of Nigeria’s Past Development Plans and Results Since independence A Simplified Economic Tableau of Uganda; Industrial Cost Stabilization Estimated Employment and Population, Greater London Correlation of Share Indices and its Application to Portfolio programming

PERSONAL LIFE

Pascal met his wife Chinyere Dozie at a wedding in London and they became friends, a friendship which led to marriage. They did their Registry and Church wedding in 1968 and 1969 respectively.

They have 5 children Uzoma, Kelechi, Chikezie, Chijioke and Ngozi, He also has more than 10 grandchildren. His first son Uzoma Dozie is currently the CEO of Diamond Bank.

 

 

 

 

 

 

Article Credit: Kenechukwu Edeh

Updated 8 Months ago
 

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Tags:     Pascal Dozie     Gabriel     Biography     Nigerian Business man     CEO Diamond Bank

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