Nigeria, April 8 -- Pascal Gabriel Dozie, a respected Nigerian entrepreneur and founder of the now-defunct Diamond Bank, has passed away at the age of 86.

According to sources close to the family in X, Dozie died after battling age-related health issues.

He was widely recognized for his role in transforming Nigeria's banking sector. Beyond founding Diamond Bank, he also served as the chairman of Pan-Atlantic University and co-founded African Capital Alliance and Kunoch Limited.

Born on April 9, 1939, in Egbu, Owerri, Imo State, Dozie studied Economics at the London School of Economics and later earned a master's degree in Administrative Science from City University, London.

He also founded the African Development Consulting Group, whi...