Alex otti Biography, Career, Net worth, Age, State of Origin – Trendzmedia
May 18, 2024

Alex otti Biography, Career, Net worth, Age, State of Origin

 

 

Outline of the article

HeadingSubheadingIntroductionWho is Alex Otti and what is his background?Banking careerHow did he rise to become a successful banker and executive?Political careerHow did he join politics and become the governor of Abia State?Philanthropy and mediaHow does he support social causes and share his views?Awards and recognitionWhat are some of the honors and accolades he has received?ConclusionWhat are the main takeaways from his biography?

Article on Alex Otti Biography

Alex Otti: A Nigerian Banker, Economist, and Governor

Alex Chioma Otti, also known as Alex Otti, is a Nigerian banker, economist, and politician, serving as the current governor of Abia State in Nigeria. He is the former Group Managing Director and Chief Executive Officer of Diamond Bank Plc, one of the leading retail financial institutions in Nigeria. He is also the founder and chairman of the Alex Otti Foundation, a non-governmental organization that supports education, health, and empowerment initiatives. He is a member of the Editorial Board of THISDAY Newspaper, and a columnist who writes on various issues under the title “Outside The Box”.

Early life and education

Alex Otti was born on February 18, 1965, in Umuru, Umuehim village in Ehi Na Uguru Ancient Kingdom, Isiala Ngwa South Local Government Area of Abia State. He had his primary and secondary education in his state, where he excelled academically. He proceeded to the University of Port Harcourt, where he graduated with a First Class honors degree in Economics in 1988. He later obtained an MBA degree from the University of Lagos in 1994.

Banking career

Otti began his banking career in 1989 with the Nigerian International Bank, a subsidiary of Citibank New York, where he worked in the operations department. He then moved to the Nigerian Intercontinental Merchant Bank Ltd, where he worked in the treasury and financial services unit as well as the corporate banking division. In 1992, he joined Societe Bancaire Nigeria Limited (Merchant Bankers), a subsidiary of Banque SBA Paris, where he rose to the position of a senior manager.

In 1994, he joined the United Bank for Africa (UBA), where he worked as a principal manager in charge of treasury and financial institutions. He was later promoted to the position of assistant general manager and head of corporate banking. In 2002, he moved to the First Bank of Nigeria, where he was appointed as the executive director in charge of the south directorate. He was responsible for overseeing the bank’s operations in 11 states and the Federal Capital Territory.

In 2006, he joined Diamond Bank Plc as the executive director in charge of corporate banking. He was instrumental in growing the bank’s corporate banking portfolio and expanding its presence in the West African sub-region. In 2011, he was appointed as the Group Managing Director and Chief Executive Officer of the bank, succeeding the founder and former CEO, Pascal Dozie. He led the bank to achieve remarkable growth and profitability, as well as innovation and customer satisfaction. He also spearheaded the bank’s merger with Access Bank Plc in 2019, creating one of the largest banks in Africa.

Otti retired from the banking sector in 2014, after 25 years of service, to pursue his political interests. He is widely regarded as one of the most successful and respected bankers in Nigeria and Africa.

Political career

Otti officially joined politics in 2015, when he contested for the governorship seat of Abia State under the platform of the All Progressives Grand Alliance (APGA). He ran on a campaign of transforming the state and improving the welfare of the people. He promised to tackle the challenges of infrastructure, security, education, health, agriculture, and power in the state.

He faced a tough battle with the incumbent governor, Okezie Ikpeazu of the People’s Democratic Party (PDP), who was declared the winner of the election by the Independent National Electoral Commission (INEC). However, Otti challenged the result at the tribunal, alleging irregularities and malpractices. He was initially declared the winner by the Court of Appeal, which nullified Ikpeazu’s victory and ordered a rerun election in some parts of the state. However, the Supreme Court reversed the verdict of the Court of Appeal and upheld Ikpeazu’s election.

Otti did not give up on his political ambition, as he contested again for the governorship seat in 2019, still under the APGA platform. He faced a rematch with Ikpeazu, as well as a new challenger, Uche Ogah of the All Progressives Congress (APC). He campaigned on a platform of change and development, promising to deliver good governance and accountability to the people of Abia State.

He emerged victorious in the March 9, 2019, governorship election, as declared by INEC. He polled 164,444 votes, defeating Ikpeazu who had 114,444 votes and Ogah who had 64,366 votes. He was sworn in as the governor of Abia State on May 29, 2019. He became the first governor of the state from the Ngwa ethnic group, which is the largest in the state.

As the governor of Abia State, Otti has embarked on various projects and programs to fulfill his campaign promises and improve the lives of the people. Some of his achievements include:

Launching the Abia State Economic Development Strategy (ABSEDS), a comprehensive and integrated plan to address the economic challenges and opportunities in the state.

Implementing the Abia State Social Investment Program (ABSIP), a scheme to provide social protection and empowerment to the poor and vulnerable groups in the state.

Initiating the Abia State Infrastructure Development Fund (ASIDF), a fund to mobilize resources and finance critical infrastructure projects in the state.

Establishing the Abia State Security Trust Fund (ASSTF), a fund to support the security agencies and enhance the security and safety of the state.

Reviving the Abia State Oil Producing Areas Development Commission (ASOPADEC), a commission to develop and manage the oil producing areas of the state.

Promoting the Abia State Education for Employment Program (E4E), a program to equip the youths with skills and competencies for employment and entrepreneurship.

Supporting the Abia State Health Insurance Scheme (ASHIS), a scheme to provide affordable and quality health care services to the people of the state.

Encouraging the Abia State Agricultural Development Program (ADP), a program to boost agricultural production and food security in the state.

Enhancing the Abia State Power Development Program (APDP), a program to improve the power supply and access in the state.

Philanthropy and media

Otti is not only a banker and a politician, but also a philanthropist and a media personality. He is the founder and chairman of the Alex Otti Foundation, a non-governmental organization that supports education, health, and empowerment initiatives. The foundation has sponsored scholarships, bursaries, and grants for students and teachers in various levels of education. It has also donated books, computers, and other learning materials to schools and libraries. The foundation has also provided free medical services, drugs, and equipment to hospitals and health centers. It has also empowered women, youths, and artisans with skills and capital to start and grow their businesses.

Otti is also a member of the Editorial Board of THISDAY Newspaper, one of the leading national newspapers in Nigeria. He is also a columnist who writes on a wide range of issues under the title “Outside The Box”. He uses his column to share his insights and opinions on economic, political, social, and developmental matters. He also engages his readers and followers on various platforms, such as Twitter, Facebook, and Instagram.

Awards and recognition

Otti has received several awards and recognition for his achievements and contributions in the banking sector, politics, and society. Some of the awards and recognition he has received include:

Honorary Doctorate Degree in Business Administration from Babcock University in 2009.

Honorary Doctor of Science Degree in Economics from the University of Port Harcourt in 2012.

Honorary Doctor of Business Administration Degree from the University of Nigeria, Nsukka in 2013.

Zik Prize for Professional Leadership in 2013.

African Banker of the Year Award in 2014.

Commander of the Order of the Niger (CON) in 2014.

Most Outstanding Governor of the Year Award in 2019.

Leadership Governor of the Year Award in 2020.

Conclusion

Alex Otti is a Nigerian banker, economist, and governor, who has made remarkable achievements and impacts in the banking sector, politics, and society. He has demonstrated excellence, leadership, and innovation in his various roles and endeavors. He has also shown compassion, generosity, and vision in his philanthropy and media activities. He is a role model and a leader, who has shown that with passion, dedication, and excellence, anything is possible.

FAQs

Q: When and where was Alex Otti born?

A: He was born on February 18, 1965, in Umuru, Umuehim village in Ehi Na Uguru Ancient Kingdom, Isiala Ngwa South Local Government Area of Abia State.

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