Tony Elumelu to Retire as UBA Group Chairman in August 2026; Emmanuel Nnorom Named Successor
By Aboki Forex —
United Bank for Africa Plc has announced that Mr. Tony O. Elumelu, CFR, will retire as Group Chairman on 21 August 2026, after completing the 12 year tenure limit for Non-Executive Directors set by the Central Bank of Nigeria. The Board accepted his retirement at a meeting held on 6 July 2026 and elected Mr. Emmanuel N. Nnorom, a Non-Executive Director of the Bank, to succeed him effective the same date.
Board Acknowledges Elumelu’s Legacy
The Board placed 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. His 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.
Nnorom Brings Over 40 Years of Experience
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 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.”
New Chairman Commits to Sustaining Momentum
Mr. Emmanuel N. Nnorom said on his appointment: “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.”
United Bank for Africa Plc operates across twenty African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates. The bank provides retail, commercial and institutional banking services, leads financial inclusion and implements cutting edge technology. UBA is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 50 million customers globally.
For further information, contact: Alero Ladipo, Group Head, Marketing and Corporate Communications, United Bank for Africa Plc at [email protected].