By Sola Ojewusi
The Nigerian and global business community is mourning the loss of one of its most iconic figures, Pascal Gabriel Dozie, who died at the age of 86. Sources close to the family revealed that the renowned banker and entrepreneur passed away following complications associated with old age-related illness.
Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie rose to prominence as a visionary leader and one of the pioneers of Nigeria’s modern banking system. Best known as the founder of the now-defunct Diamond Bank, Dozie’s legacy is firmly etched in the annals of Nigeria’s financial and economic development.
An economist by training, Dozie obtained his undergraduate degree in Economics from the London School of Economics and later earned a Master’s degree in Administrative Science from City University, London. His early education and international exposure would shape his business acumen and leadership style, paving the way for decades of excellence in finance, corporate governance, and policy advocacy.
In 1971, he established the African Development Consulting Group (ADCG), offering consulting services to global brands such as Nestlé and Pfizer. His role as a strategic adviser and consultant marked him as a man with foresight and deep understanding of emerging African economies.
Beyond banking, Dozie played key roles in other sectors. He served as the chairman of MTN Nigeria, one of Africa’s leading telecom firms, before stepping down and handing over the reins to Ernest Ndukwe. He also co-founded African Capital Alliance, a leading investment firm, and Kunoch Limited, a family investment vehicle.
His passion for education and leadership development saw him serve as the chairman of Pan-Atlantic University, further cementing his commitment to nurturing the next generation of Nigerian business leaders.
In recognition of his immense contributions to the Nigerian economy and the private sector, he was awarded the National Honour of Officer of the Order of the Niger (OON).
Dozie is survived by his beloved wife, Chinyere Dozie, and five children, including Uzoma Dozie, who succeeded him as CEO of Diamond Bank before its eventual merger with Access Bank.
Tributes have continued to pour in from across the financial world and beyond, with many remembering him not only as a brilliant entrepreneur but also as a mentor, nation-builder, and exemplary patriot.
Funeral arrangements are expected to be announced by the family in the coming days.
