United Bank for Africa announces retirement of Group Chairman Tony O. Elumelu and appointment of Emmanuel N. Nnorom as successor

This retirement follows the maximum twelve-year term for non-executive directors of banks set by the Central Bank of Nigeria. At its meeting on July 6, 2026, the Board accepted Mr. Elumelu's retirement and elected Mr. Emmanuel N. Nnorom, a non-executive director of the Bank, as his successor, effective August 21, 2026. The Board expressed its gratitude to Mr. Elumelu for his visionary leadership and exceptional contributions to UBA Group's strategic vision and institutional strengthening.

Under his leadership, UBA transformed into a pan-African institution with a presence in 20 African countries and 4 international financial centers, serving over 50 million customers. Mr. Nnorom is a chartered accountant with over forty years of experience in banking, finance, and auditing. He brings strong leadership experience and in-depth knowledge of UBA to the role.

Mr. Elumelu stated that serving UBA has been a great privilege and expressed confidence in the Bank's future under Mr. Nnorom's leadership. Mr. Nnorom expressed honor in the Board's trust and his commitment to working with colleagues and the management team to sustain UBA's growth and create lasting value for stakeholders. United Bank for Africa Plc operates in twenty African countries, the United Kingdom, the United States, France, and the United Arab Emirates, offering retai