The United Bank for Africa Plc (UBA), has announced the retirement of its Group Chairman, Mr. Tony Elumelu, from the Board of Directors of the Bank with effect from 21st August 2026.
A statement by the bank said the retirement was made compulsory upon the completion of the 12-year tenure limit prescribed for Non-Executive Directors of Banks by the Central Bank of Nigeria.
At its meeting held on 6 July 2026, the Board accepted Mr. Elumelu’s retirement and expressed its profound appreciation to him for his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group.
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“Mr. Elumelu’s tenure has been a defining chapter in the Group’s history. Under his stewardship, UBA was transformed into a pan African institution, operating in 20 African countries and 4 global financial centres and serving over 50 million customers.”
The Board also elected Mr. Emmanuel Nnorom, a Non-Executive Director of the Bank, as Elumelu’s successor, with effect from 21st August 2026.
Mr. Nnorom is a chartered accountant with over forty years experience in banking, finance and audit.
He brings to the role, extensive leadership experience and deep institutional knowledge of UBA.
United Bank for Africa Plc is Africa’s Global Bank, with operations across twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates.
