Pascal Dozie, the founder of Diamond Bank and a significant figure in Nigeria’s banking and telecommunications sectors, has died at the age of 85. His death, which occurred on April 8, 2025, a day before his 86th birthday, marks the end of an era for a man who played a pivotal role in shaping Nigeria’s economic landscape. Dozie’s contributions extended beyond the banking sector, as he also served as the pioneer chairman of MTN Nigeria, helping to guide the telecommunications giant during its formative years. His legacy of service, integrity, and dedication to national development will be remembered by many.
Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie’s early life was rooted in a Catholic upbringing, with his father serving as a catechist. He received his early education at Our Lady’s School in Emekuku and later attended Holy Ghost Juniorate Seminary and Holy Ghost College, Owerri. Dozie then pursued higher education abroad, earning a Bachelor’s degree in Economics from the London School of Economics. He furthered his studies in Operational Research and Industrial Engineering, obtaining a Master’s degree in Administrative Science from City University in London. These formative years and his academic pursuits laid the groundwork for his future success in the world of finance and business.
In 1990, Pascal Dozie established Diamond Bank Plc, a financial institution that would become one of Nigeria’s leading commercial banks. His vision was to address the banking needs of traders in the South-East of Nigeria. Starting with a modest share capital of ₦10 million and 21 shareholders, Diamond Bank rapidly grew under his leadership. Dozie served as CEO until 2006 when he handed over the reins to his son, Uzoma Dozie. Diamond Bank was known for its innovative approaches to banking before merging with Access Bank in 2019. His entrepreneurial spirit and dedication to providing financial services to a specific.
The passing of Pascal Dozie marks the end of an influential chapter in Nigeria’s economic history. His visionary leadership, entrepreneurial spirit, and dedication to service have left a lasting legacy in the banking and telecommunications sectors. Dozie’s contributions to Diamond Bank and MTN Nigeria have had a profound impact on the lives of many Nigerians, and his influence will continue to be felt for generations to come. He is survived by his wife, Chinyere, his children, and grandchildren. His memory will be honored as a trailblazer, an icon, and a true nation-builder.
May his gentle soul rest in peace.