The founder of the defunct Diamond Bank Plc and former Chairman of MTN Nigeria, Pascal Gabriel Dozie, has sadly passed away at the age of 85. His death, which occurred on Monday, April 7, 2025, came just a day before his 86th birthday. The announcement of his passing was made public through a statement released by the family on Tuesday, marking the loss of one of Nigeria's most respected business leaders.
Born on April 9, 1939, in Nigeria, Pascal Dozie was raised in a devout Catholic home, with his father, Charles Dozie, serving as a dedicated catechist. His early life laid the foundation for his future success, with education being a priority from a young age. Pascal Dozie began his early education at Our Lady’s School, Emekuku, before advancing to Holy Ghost Juniorate Seminary and Holy Ghost College, Owerri, where he completed his West African Senior School Certificate.
Driven by a determination to further his knowledge and academic qualifications, Dozie traveled to the United Kingdom, where he pursued higher education. He earned a Bachelor’s degree in Economics from the prestigious London School of Economics (LSE). His thirst for knowledge did not end there; he also obtained a Master’s degree in Administrative Science from City University in London, where he specialized in Operational Research and Industrial Engineering.
Pascal Dozie’s remarkable contributions to Nigeria’s financial and telecommunications sectors are part of his enduring legacy. In 1990, he founded Diamond Bank, a financial institution that would go on to become a significant player in Nigeria’s banking industry. The bank later merged with Access Bank, culminating in one of the most significant consolidations in the Nigerian banking sector. This achievement marked a turning point in the country’s financial landscape, with Diamond Bank's innovative approach and leadership playing a central role in the evolution of banking in Nigeria.
In addition to his impact on the banking industry, Dozie also left an indelible mark on Nigeria’s telecommunications sector. He served as Chairman of MTN Nigeria, one of the country's largest telecommunications companies, during its formative years. Under his leadership, MTN Nigeria grew exponentially, and he played an instrumental role in helping the company establish its presence across the nation. His guidance and strategic vision during this period contributed significantly to MTN's rise as one of the most prominent telecom brands in Nigeria and Africa.
Throughout his illustrious career, Pascal Dozie was widely respected not only for his business acumen but also for his integrity and vision. He was a trailblazer, and his contributions to Nigeria’s economic development were immeasurable. His pioneering role in both the banking and telecommunications industries has left a lasting legacy that continues to influence these sectors in Nigeria and beyond. His influence and accomplishments have solidified his place as one of the most influential Nigerian entrepreneurs of his time.
Dozie’s passing marks the end of an era for Nigerian business, but his legacy will undoubtedly live on through the institutions he helped shape. He is survived by his wife, Chinyere, and their five children, who continue to uphold his values and the remarkable work he began during his lifetime.
Late Pascal Gabriel Dozie.[/figure]