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Elumelu reveals how he became bank CEO at 34

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Mr Elumelu, who now controls a number of investments in energy, banking, hospitality and others, said on Wednesday that age was no barrier to him becoming the Chief Executive Officer of Standard Trust Bank.

By Jeffrey Agbo

Billionaire and philanthropist, Tony Elumelu, has revealed the key ingredients responsible for helping him become one of the youngest bank CEOs in Nigeria at the age of 34.

Mr Elumelu, who now controls a number of investments in energy, banking, hospitality and others, said on Wednesday that age was no barrier to him becoming the Chief Executive Officer of Standard Trust Bank.

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The 59-year-old said via his Facebook account alongside a throwback photo of himself aged 34 that his quick climb to success was due to hard work and luck.

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He added that his successes and failures have always been his driving force.

Elumelu said, “This is me – aged 34! I had just become CEO of Standard Trust Bank and one of the youngest bank CEOs in Nigeria. It was a time of fast-paced change in our industry, and reform-minded policymakers had opened up paths for consolidation and strengthening our sector. Competition was intense – but youth was not a barrier.

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“I owe my accelerated career and successes to two things: hard work and luck, and I know firsthand how these factors are inextricable in success. My successes – and yes failures – have always driven me to create opportunities for young people. I believe that our young have the talent and the zeal to transform our world.”

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