UBA Announces Leadership Transition as Tony Elumelu Bows Out, Emmanuel Nnorom Takes Over
United Bank for Africa (UBA) Plc has announced a major leadership transition, with its Group Chairman, Tony Elumelu, set to retire from the Board on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors as stipulated by the Central Bank of Nigeria (CBN). Emmanuel N. Nnorom, a current Non-Executive Director of the bank, has been appointed to succeed him.
The decision was approved by UBA’s Board of Directors during its meeting held on July 6, marking the end of Elumelu’s transformative leadership as chairman. During his tenure, the bank expanded its operations across Africa and strengthened its position as one of the continent’s leading financial institutions with a growing global presence.
In a statement, the Board praised Elumelu for his visionary leadership and significant contributions to the bank’s growth, institutional development and corporate governance.
Reflecting on his retirement, Elumelu described serving UBA as one of the greatest privileges of his career, expressing confidence in the bank’s future under the incoming chairman.
His successor, Emmanuel Nnorom, thanked the Board for the confidence reposed in him and pledged to build on the bank’s achievements by working closely with the Board, management and staff to sustain UBA’s growth while delivering long-term value to shareholders, customers and other stakeholders.
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