By Eric Elezuo
Premier commercial bank, the United Bank of Africa (UBA) has announced the retirement of its chairman, Mr. Tony Elumelu after 12 years of meritorious service. The retirement notice will take effect from August 21, 2026.
The announcement was made on Monday after a meeting of the Board of Directors, according to a statement titled NOTIFICATION OF RETIREMENT OF GROUP CHAIRMAN OF UNITED BANK FOR AFRICA AND APPOINTMENT OF SUCCESSOR, and made available to The Boss.
Elumelu will be replaced by Non-Executive Director of the bank, Mr. Emmanuel N. Nnorom, chartered accountant with over forty years’ experience in banking, finance and audit.
Expressing his appreciation for the privilege of serving the bank for 12 years as Chairman, Elumelu noted: that “Serving United Bank for Africa has been one of the great privileges of my career. UBA has established a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future. Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”
In his acceptance speech, the incoming Chairman, Emmanuel Nnorom remarked that “I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit. I look forward to working with my colleagues on the Board, Management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders.”
The statement quoted the Board as placing on record “its profound appreciation to Mr. Elumelu for his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group.”
It added that “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.”
