BREAKING: Tony Elumelu to Step Down as UBA Chairman, Successor Announced
Emmanuel Nnorom, a non-executive director with 40 years of experience, will take over as UBA chairman when Tony Elumelu leaves the board.
- On Monday, United Bank for Africa Plc announced that Group Chairman Tony Elumelu will retire from the Board of Directors on August 21, 2026, with Emmanuel Nnorom appointed as incoming Group Chairman.
- Elumelu's departure follows the completion of the maximum 12-year tenure allowed for non-executive directors under Central Bank of Nigeria corporate governance regulations.
- Nnorom, an alumnus of Templeton College, Oxford, is a chartered accountant with over 40 years of financial services experience and a Fellow of the Institute of Chartered Accountants of Nigeria .
- Under Elumelu's leadership, the bank transformed into a Pan-African institution operating in 20 countries and currently serves over 50 million customers across its network.
- His appointment takes effect on August 21, marking the bank's transition as Nnorom committed to sustaining UBA's momentum and delivering long-term value to shareholders and stakeholders.
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UBA announces Tony Elumelu’s retirement, appoints Emmanuel Nnorom as chairman
UBA said Mr Elumelu's retirement is in line with the Central Bank of Nigeria's (CBN) corporate governance guidelines, which set a maximum tenure of 12 years for non-executive directors of banks. The post UBA announces Tony Elumelu’s retirement, appoints Emmanuel Nnorom as chairman appeared first on Premium Times Nigeria.
Tony Elumelu to step down as UBA chairman, Nnorom named successor
LAGOS — United Bank for Africa (UBA) Plc has announced that its Chairman, Tony Elumelu, will retire on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors as stipulated by the Central Bank of Nigeria (CBN). The bank disclosed the development in a statement on Monday, stating that its Board of Directors […]
BREAKING: Tony Elumelu to step down as UBA chairman, successor announced
United Bank for Africa, UBA, Plc has announced that its Group Chairman, Tony Elumelu, will retire from the bank’s Board of Directors on August 21, 2026. The announcement was made on Monday following a meeting of the bank’s board. UBA explained that Elumelu’s exit follows the completion of the maximum 12-year tenure allowed for non-executive directors under the […] BREAKING: Tony Elumelu to step down as UBA chairman, successor announced
“Nah Man U Be”- Davido Celebrates Tony Elumelu As He Steps Down As UBA Chairman
Afrobeats star David Adeleke, widely known as Davido, has paid tribute to billionaire entrepreneur Tony Elumelu following the announcement of his retirement as Group Chairman of United Bank for Africa. Davido joined several prominent Nigerians The post “Nah Man U Be”- Davido Celebrates Tony Elumelu As He Steps Down As UBA Chairman appeared first on Gistlover.
Tony Elumelu To Retire As UBA Chairman After 12 Years, Emmanuel Nnorom Named Successor
United Bank for Africa (UBA) Plc has confirmed that its Group Chairman, Tony Elumelu, will retire after completing a 12-year tenure that oversaw the bank’s transformation into one of Africa’s largest financial institutions. The transition will take effect on August 21, 2026, following the completion of the maximum tenure permitted for non-executive directors under the […] The post Tony Elumelu to Retire as UBA Chairman After 12 Years, Emmanuel N…
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