Philips Oduoza: Eyes on the Prize

Amazing vision can prepare one for great achievements, and Phillips Oduoza exemplifies this truth. As the Chairman and Founder of NOVA Merchant Bank Limited, his foresight has led to notable accomplishments. Oduoza’s influence in the banking sector continues to grow as he spearheads innovative financial services.

Recently, Oduoza has been focused on expanding NOVA Merchant Bank’s operations. The bank, newly licensed by the Central Bank of Nigeria (CBN), has transitioned from merchant to commercial banking. With its first branch now open in Victoria Island, Lagos, the bank plans to extend its reach to Abuja, Port Harcourt, and Kano.

The expansion is characterised by NOVA’s commitment to combining physical and digital banking services. Oduoza emphasises the importance of a “PHYGITAL” experience, which integrates strategically located branches with cutting-edge digital capabilities. This approach aims to provide customers with the best of both worlds: personalised service and seamless digital banking.

Oduoza’s latest moves have significant implications for his growing influence in Nigeria’s banking sector. By focusing on project financing, asset management, and capital market operations, NOVA is set to support the nation’s economic development. The expansion into commercial banking further cements Oduoza’s status as a key player in the industry.

Oduoza’s success is rooted in his extensive education and experience. He holds a First Class BSc in Civil Engineering, an MBA in Finance, and is an alumnus of Harvard Business School. His career spans over 30 years, with key roles in Citibank, Diamond Bank, and UBA Group, where he established the bank as a leading African financial institution.

However, these factors play only a background role to his vision and resilience. His ability to foresee opportunities and adapt to the ever-changing banking landscape sets him apart. His leadership has consistently driven innovative solutions and transformational  initiatives in the financial sector.

As Oduoza continues to steer NOVA Merchant Bank, he is becoming the new and shiny figure in the banking block. His recent achievements reflect a blend of strategic foresight and unwavering dedication. The industry eagerly watches as he shapes the future of banking in Nigeria and beyond.