President Bola Tinubu has eulogised banker and entrepreneur, Pascal Dozie, following his death at age 85.

In a statement released by the State House, yesterday, Tinubu expressed deep sorrow over the loss, describing Dozie as “a rare breed business leader whose wisdom, humility, and pioneering efforts laid a foundation upon which many continue to build.

“Dozie (OON) was best known as the founder of Diamond Bank and the pioneer chairman of MTN Nigeria. His instrumental role in transforming Nigeria’s banking and telecommunications sectors cemented his reputation as a transformative force in the country’s development.

“His contributions to Nigeria’s economic architecture left an enduring legacy,” President Tinubu noted, adding that Dozie’s leadership extended beyond the corporate world into national service. The late entrepreneur previously served as a Director of the Central Bank of Nigeria, President of the Nigerian Stock Exchange, and Chairman of the Nigerian Economic Summit Group.

Also, former presidential candidate of the Labour Party, Peter Obi, described Dozie as a man he “held in high esteem.”

He said: “I met him during the formation of Diamond Bank and later MTN Nigeria, and throughout our collaboration, I came to know him as a true gentleman and a teacher who always sought the good of all,” Obi wrote on X.

Reflecting on Dozie’s enduring influence, Obi added: “His legacy as a banker and entrepreneur stands as a testament to his vision, leadership, and commitment to excellence. He inspired countless individuals and businesses.”

Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie was raised in a Catholic home, with his father, Charles Dozie, serving as a catechist.

His contributions to the country’s economic growth earned him widespread respect. Dozie is survived by his wife, Chinyere, and five children.