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[caption id="attachment_4392" align="aligncenter" width="480" caption="Jim Ovia and Jeffery Hedberg"][/caption]

By Niyi Tabiti

Nigera billionaire, Jim Ovia seems to have capitalized on his exit from his top banking job with Zenith Bank to enlarge the frontiers of his other business concerns.

Regarded as one of Nigeria's wealthest men, Ovia seems to have given high concentration to his telecom business known as Visafone,trasversing several towns across the country with telecom mobile services.

In a bid to position itself as one of the biggest telecom business in Nigeria especially in the CDMA market, Visafone recently acquire Multilinks, one of oldest telecom companies operating in Nigeria.

The formal signing of the take over of Multilinks in Nigeria was signed by Mr. Jim Ovia and Jeffery Hedberg, the CEO of Telcom, the  parent company of Visafone in Johannesburg, South Africa. At the moment, gathered that the deal is worth about 50 million US dollars.

For over a decade, the Delta State born business executive at the Chief Executive and managing Director of Zenith Bank Plc.His exit came after Malam Sanusi Lamido Sanusi the governor of Central Bank of Nigeria issued a new banking policy asking bank CEOs in Nigeria who have spent up to ten years to resign.


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