BREAKING: Founder of defunct Diamond Bank, Pascal Dozie dies at 85
Paschal Dozie, a doyen of banking in Nigeria and founder of Diamond Bank, is dead.
According to Arise News on Tuesday morning, Dozie, who was the former chairman of MTN Nigeria, died at 85.
He lost Diamond to Access Bank’s acquisition after the bank ran into troubled water under the leadership of his son, Uzoma Dozie.
With a net worth of over $1 billion, the banking wizard is among the top billionaires in Nigeria as of the 2024 ranking.
Paschal Dozie was born in 1939 in the Egbu village of Owerri, Nigeria. 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, he travelled 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.
