By Babajide Komolafe
United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu and the appointment of Mr. Emmanuel Nnorom as his successor.
In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will retire from the Board of Directors of UBA with effect from 21 August 2026, upon the completion of the maximum 12-year tenure 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 letter and elected Mr. Emmanuel N. Nnorom, a Non-Executive Director of the Bank, as his successor, with effect from 21 August 2026.
“The Board places on record its profound appreciation to Mr. Elumelu for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.
“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.”
Commenting on his retirement, Mr. Tony O. Elumelu said: “Serving United Bank for Africa has been one of the great privileges of my career. UBA has 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.
Speaking on his appointment, Nnorom said: “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.”
