RENOWNED entrepreneur and founder of the now-defunct Diamond Bank Plc, Pascal Dozie, has passed away at the age of 85. He was also the former chairman of MTN Nigeria.
In a statement released today by his son, Uzoma Dozie, on behalf of the family, it was confirmed that the respected business leader died in the early hours of April 8, 2025.
“With deep sorrow, but gratitude to God for a life well lived, we announce the passing of our beloved father, Pascal Gabriel Dozie,” the statement read. “He was a devoted husband, father, grandfather, and a man deeply rooted in the Catholic faith. His life was one of service—to God, to his family, and to his nation.”
He is survived by his wife, Chinyere, his children, grandchildren, and many others whose lives he touched. “We are thankful for the gift of his life and the legacy he leaves behind. May his soul rest in perfect peace,” the family added.
Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie was raised in a devout Catholic family. His father, Charles Dozie, was a catechist. He attended Our Lady’s School in Emekuku, Holy Ghost Juniorate Seminary, and Holy Ghost College, Owerri, where he earned his WASSCE.
He later traveled to the United Kingdom for further studies, earning a Bachelor’s degree in Economics from the London School of Economics. He went on to specialize in Operational Research and Industrial Engineering, culminating in a Master’s degree in Administrative Science from City University, London.
Dozie made significant contributions to Nigeria’s banking and telecommunications sectors. In 1990, he established Diamond Bank, which grew into a leading financial institution before merging with Access Bank. He later handed over leadership to his son, Uzoma.
He also played a pivotal role in the telecommunications revolution as the founding chairman of MTN Nigeria, helping to shape the industry with his visionary leadership. His legacy includes a reputation for humility, integrity, and long-term strategic thinking. He was honored with the national title of Commander of the Order of the Niger.
Pascal Dozie’s impact on Nigeria’s economic landscape remains indelible.