Madonna University, Okija Campus

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Dr. Tony Nkemakolam

Dr. of Banking and Finance


Dr. Tony Nkemakolam has over 26 years working experience, a significant part of which was in the banking industry. He was until February 2016, the Assistant General Manager/Zonal Business Head Personal Banking South East Ecobank. He was the Best Area Manager Ecobank Nigeria with over 500 branches in 2014. He was also the Zonal Head Anambra State Oceanic Bank Plc from 2009 – 2011. Between 2007 – 2008, he was the Regional Manager Okota/Isolo Lagos of Oceanic Bank. He also worked in Citizen’s Bank and Nigerian Arab Bank. Dr. Tony attended several management training programs including the Leadership Program at INSEAD in France. He is an Honorary Senior Member, the Chartered Institute of bankers of Nigeria.

Tony became a member of the Knight of St. John International Catholic Church (KSJI) in 1997 and in 1999. He was appointed Justice of Peace (JP) by Imo State Government.

Currently, he is a lecture in Madonna University Nigeria Okija Campus and the Head of Department, Banking and Finance 2017 till date.

Current Position

HOD, Banking and Finance, Madonna University, Nigeria, Okija Campus.

Professional Education

  • BSc, Banking, Anambra State University of Science and Technology (now ESUT) 1986-1990
  • MBA, Banking and Finance, University of Nigeria Nsukka 1996
  • Ph.D, Banking and Finance, Chukwuemeka Odumegwu Ojukwu University Igbariam 2006

Time at the University

  • 2017 till date: HOD, Banking and Finance
  • 2017 till date: Chairman Departmental PG Board Okija

Courses Taught

  • Practice of Banking, BKF 321
  • Comparative Banking, BKF 342
  • Banking Ethics and Professionalism, BKF 419
  • Regulation of Financial Institution, BKF 813
  • Management of Financial Institution, BKF 815


Fundamental Issues in Modern Banking

A textbook which centres on banking reforms that will strengthen and enhance sound financial system, prevents bank failures and protect depositor’s funds.

The Effects of Ownership, Structure on dividend policy of listed firms in Nigeria

The paper examined the effect of ownership on dividend policy in Nigeria.
Managerial ownership, institutional ownership and family ownership structure while dividend payout ratio used as a measure of dividend policy. The result shows that management and institutional ownerships have significant negative relationship with dividend payment ratio while family ownership is insignificantly and negatively associated with dividend payout ratio. It was recommended that investors who are interested in regular cash dividend payment should not invest in Nigerian firms with managerial institutional and family ownership concentrations as such do not have regular cash dividend payments as their priority.

Effect of Board Ownership Structure on Bank Performance in Nigeria

The study empirically examines the relationship between ownership structure and bank performance for the period of 2006-2014.
The study adopted secondary data obtained from annual report of the banks, publications of the Central Bank of Nigeria and Nigerian Stock exchange annual report and Facebook. The study recommends that Board members should be encouraged to earn more stakes in the ownership structure of the banks as it is positively related with performance.


Professional Affiliations

  • Member, Chartered Institute of Bankers of Nigeria