This post contains the authentic biography of Paschal Dozie, wife, children, and net worth of the Diamond Bank Plc founder as he died at the age of 85.
Moments ago, ENigeria News exclusively broke the news of banking doyen Paschal Dozie’s death at the age of 85. In this report we have dug deeper into his life and times, presented in this biography containing intimate details you may wish to know about him.
Paschal Dozie Date of birth and place of birth
Pascal Gabriel Dozie was born on April 9, 1939, in Owerri, Imo State. A reputable Nigerian entrepreneur, businessman, and boardroom guru. He is the founder of Diamond Bank and the chairman of Pan-Atlantic University.
Paschal Dozie Early life and education
Born in 1939 in the Egbu village of Owerri, Nigeria, into the family of Charles Dozie, who was a Catholic catechist. Paschal Dozie attended Our Lady’s School, Emekuku, where he obtained his First School Leaving Certificate (FSLC).
He proceeded further to attend Holy Ghost Juniorate Seminary and Holy Ghost College, Owerri, where he obtained his West African Senior School Certificate Examination, after which he proceeded to travel 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.
Paschal Dozie Career
In the United Kingdom, Pascal Dozie started out as an economist at the National Economic Development Office. In addition, he taught part-time at London’s Northwestern Polytechnic. He later worked as a consulting economist with the African States Consulting Organization in Uganda from 1970 to 1971.
In 1971 after he left his job in Uganda, he relocated to Nigeria at the request of his mother. Following his return to Nigeria on the request of his mom, 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 Nestle and Pfizer.
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.
In 1985, he was appointed Chairman of Progress Bank, which is now defunct.
Later that same year Dozie applied for a banking license 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.
However, in 1990, he satisfied the requirements of the Central Bank of Nigeria to operate a standard bank, and in 1991 Diamond Bank began full operations. He was CEO of Diamond Bank from 1991 to 2006, when he handed it over to his son, Uzoma Dozie, who reportedly ran it aground due to inexperience.
Dozie was also at one time President of the Nigerian Stock Exchange, now known as NGX.
He currently owns shares in MTN Group and was chairman of the company until his resignation in 2019 amid tumultuous applause. He was succeeded by the former NCC boss Ernest Ndukwe.
Paschal Dozie Wife and Children
Pascal is married to Chinyere Dozie, and they have five children and over ten grandchildren.
Paschal Dozie Net Worth:
His net worth as of 2024 was pegged at over $1billion (not independently verified).
Cause of Death:
He reportedly died after a brief illness.
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
