Paschal Dozie, celebrated banker, financial guru and founder of the defunct Diamond Bank Plc and a former Chairman of MTN Nigeria, Pascal Dozie, is dead.
His family broke the news today Tuesday, in a statement signed by Uzoma Dozie, his son.
According to the release, the business tycoon, a devout Catholic and son of a catechist in the Catholic Church, died in the early hours of Tuesday at the age of 85.
It read: “With deep sorrow, but with gratitude to God for a life well spent, we announce the passing of our beloved father, Pascal Gabriel Dozie, on 8th April 2025. He was a devoted husband, father, grandfather, and a man of unwavering Catholic faith. His life was marked by service to God, his family, and his country.
“He is survived by his loving wife, Chinyere, his children, grandchildren, and all who were blessed to know him. We thank God for the gift of his life and the legacy he leaves behind. May his soul rest in perfect peace.”
Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie was raised in a Catholic home, with his father, Charles Dozie, serving as a catechist. His early brilliance took him from Our Lady’s School in Emekuku to the London School of Economics, where he studied economics and earned a master’s degree in administrative science.
Dozie had his early education at Our Lady’s School Emekuku, Holy Ghost Juniorate Seminary, and Holy Ghost College, Owerri, where he obtained his West African Senior School Certificate Examination.
Seeking higher education abroad, he moved to the United Kingdom, earning a Bachelor’s degree in Economics from the London School of Economics.
He furthered his studies in Operational Research and Industrial Engineering before obtaining a Master’s degree in Administrative Science from City University in London.
Dozie played a critical role in Nigeria’s banking and telecom industries. In 1990, he founded Diamond Bank, which became one of Nigeria’s most respected financial institutions before its eventual merger with Access Bank. He later handed the reins to his son, Uzoma.
Dozie was also instrumental to the launching of MTN Nigeria, serving as its pioneer chairman and helping to lead the telecom revolution in the country. His leadership style marked by humility, integrity, and long-term vision earned him widespread recognition, including the national honour of Commander of the Order of the Niger.
His contributions to the country’s economic growth earned him widespread respect. Dozie is survived by his wife, Chinyere, and five children.
PRESIDENT TINUBU MOURNS
President Bola Ahmed Tinubu extends his heartfelt condolences to the Dozie family, the business community, and all Nigerians on the passing of Chief (Dr.) Pascal Gabriel Dozie, an elder statesman, entrepreneur, and banker. He was 85.
Chief Pascal Dozie, OON, was a visionary whose contributions to Nigeria’s economic architecture left an enduring legacy. As the founder of Diamond Bank and the pioneer Chairman of MTN Nigeria, he was at the forefront of two of the most transformative sectors in Nigeria’s development journey: banking and telecommunications.
Chief Dozie, a steadfast believer in Nigeria’s vast potential, was pivotal in shaping the financial services industry and expanding access to mobile connectivity nationwide. His influential leadership extended well beyond corporate boardrooms.
In addition to his business acumen, Chief Dozie served as a former director at the Central Bank of Nigeria, President of the Nigerian Stock Exchange, and Chairman of the Nigerian Economic Summit Group, dedicating decades of service to national policy formulation, private sector development, and youth empowerment.
President Tinubu lauds Chief Dozie as “a rare breed business leader whose wisdom, humility, and pioneering efforts laid a foundation upon which many continue to build. His passing is a profound loss to the private sector and Nigeria.”
The President prays for the peaceful repose of Chief Dozie’s soul and extends his condolences to his wife, children, and extended family. He calls upon the Nigerian private sector to honour Chief Dozie’s memory by upholding the values of integrity, innovation, and nation-building, for which he was renowned.
PETER OBI PAYS TRIBUTE
I am deeply saddened this morning by the news of the passing of Dr Pascal Dozie, a man I held in high esteem. I met him during the formation of Diamond Bank and later MTN Nigeria, and throughout our collaboration, I came to know him as a true gentleman and a teacher who always sought the good of all.
His legacy as a banker and entrepreneur stands as a testament to his vision, leadership, and commitment to excellence inspired countless individuals, and businesses.
May God Almighty, who called him home, grant him eternal rest in His kingdom, and grant his family and all of us who mourn him the fortitude to bear his irreplaceable loss.
God Almighty bless his family always.
April 8, 2025
