Alhaji Baba Tela Retires from Zenith Bank
Nigerian multinational financial services provider, Zenith Bank Plc has announced the retirement of Alhaji Baba Tela as its Non-Executive Director which took effect from October 2, 2018.
The Bank’s Board of Directors at a meeting held on November 15, 2018, approved Tela’s retirement having served the Group for almost 12 years.
Tela graduated with B.Sc. in Business Administration and Finance from the Ahmadu Bello University (ABU), Zaria, in 1982.
Tela served as a Senator of the Federal Republic of Nigeria from 2002 to 2003 and was again, re-elected for a second tenure from 2003 to 2007. At the Senate, Tela served on various Committees including Water Resources, Cooperation and Integration in Africa and NEPAD.
He also served as Director on other boards including the Boards of the Governing Council of the Federal University of Technology, Mina, Coats Brothers (W.A.) Limited among others.
Tela served as Special Assistant to the President on Economic Matters between 2001 and 2002.
He commenced his working career as a Financial Analyst with Masenterp Nigeria Limited in late 1983 and has worked in various capacities and organisations until he became Special Assistant to the Presidency on Economic Matters.
Tela was appointed as an Independent Non-Executive Director at Zenith Bank Plc on July 17, 2007. He has served in various capacities in the past including Executive Director, Yarwa Consolidated Industries Limited, Managing Director/Chief Executive – Masenterp Nigeria Limited.
Zenith Bank Plc is currently trading at N23.15 on the floor of the Nigerian Stock Exchange (NSE).