Major shareholders of Jaiz Bank Plc, including oil magnate Muhammadu Indimi, businessman Alhaji Umaru Abdul Mutallab, and investor Dantata Aminu Alhassan, are set to receive the largest share of the bank’s ₦4.91 billion dividend following shareholder approval of the lender’s 2025 financial year payout.
The non-interest bank declared a final dividend of 11 kobo per ordinary share, translating to a total cash distribution of approximately ₦4.91 billion to shareholders.
The dividend was approved at the bank’s 14th Annual General Meeting (AGM) and became payable to shareholders whose names appeared in the register of members as of June 2, 2026.
Muhammadu Indimi, Jaiz Bank’s largest shareholder with a stake of about 29.36 percent, is expected to receive the biggest portion of the dividend, estimated at more than ₦1.4 billion based on his shareholding.
Other leading beneficiaries include Alhaji Umaru Abdul Mutallab, a long-standing investor in the bank, and Dantata Aminu Alhassan, both of whom hold significant equity positions that entitle them to substantial dividend payments.
The dividend reflects Jaiz Bank’s improved financial performance in the 2025 financial year and underscores the lender’s commitment to delivering value to shareholders while strengthening its position in Nigeria’s non-interest banking industry.
The payout follows another year of growth for the bank as it continued expanding its financing portfolio, growing customer deposits and increasing its presence across Nigeria’s financial services sector.
At the AGM, shareholders also approved a plan to raise up to ₦150 billion in fresh capital through a combination of ordinary shares, preference shares, Sukuk, convertible and non-convertible securities and other funding instruments, subject to regulatory approvals.
The capital raise is expected to strengthen the bank’s balance sheet, improve capital adequacy and position Jaiz Bank to take advantage of new business opportunities within Nigeria’s evolving banking industry.
Shareholders further re-elected Tajuddeen Aminu Dantata, Sa’adat Hamza Mohammed and Mustapha Ibrahim Ahmad as Non-Executive Directors, while approving the appointment of Omolara Muinat Ismail as Executive Director.
In addition, shareholders fixed directors’ remuneration for the 2026 financial year at ₦48 million annually for the Chairman and ₦40 million for each Non-Executive Director.
The combination of a higher dividend payout and an ambitious capital raising programme highlights Jaiz Bank’s strategy of rewarding investors while positioning the institution for long-term expansion.
As Nigeria’s pioneer non-interest bank continues to grow its market presence, analysts expect the additional capital to support lending activities, digital transformation and business expansion, while enhancing the bank’s ability to compete within the country’s increasingly competitive financial services sector.