When Roosevelt Ogbonna, chief executive of Access Bank, reportedly bought a 20 million home in London, it raised eyebrows not for the purchase itself, but because the market value of his personal stake in Access Holdings, the listed parent of the bank, is less than the price of the house.
That contrast has reignited debate about whether Nigerias bank chiefs have enough skin in the game the personal financial stake that ties their fortunes to the shareholders they serve.
In developed markets, from Wall Street to Hong Kong, it is not uncommon for a big-bank CEO to have tens or hundreds of millions of dollars in their own institutions stock.