UNITED Bank for Africa (UBA) Plc has announced the retirement of its Group Chairman, Mr. Tony O. Elumelu, CFR, from the Board of Directors, effective August 21, 2026, following the completion of the 12-year tenure limit prescribed for Non-Executive Directors of banks by the Central Bank of Nigeria (CBN).
News Point Nigeria reports that at its Board meeting held on July 6, 2026, the bank accepted Elumelu’s retirement and elected Mr. Emmanuel N. Nnorom, a Non-Executive Director of the bank, as his successor. Nnorom’s appointment will take effect from August 21, 2026.
The announcement was contained in a statement signed by Alero Ladipo, Group Head, Marketing and Corporate Communications, United Bank for Africa Plc.
The Board expressed profound appreciation to Elumelu for what it described as his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group.
According to the Board, Elumelu’s tenure marked a defining chapter in the bank’s history, during which UBA was transformed into a pan-African financial institution with operations in 20 African countries and four global financial centres, serving more than 50 million customers.
The Board also highlighted Nnorom’s credentials, describing him as a chartered accountant with over 40 years of experience in banking, finance and audit. It noted that he brings extensive leadership experience and deep institutional knowledge of UBA to his new role.
Commenting on his retirement, Elumelu said serving United Bank for Africa had been one of the greatest privileges of his career.
“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,” he said.
Responding to his appointment, Nnorom expressed gratitude to the Board for the confidence reposed in him, saying he was fully aware of the responsibility that comes with succeeding Elumelu.
“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,” he said.
United Bank for Africa Plc, widely known as Africa’s Global Bank, operates across 20 African countries as well as in the United Kingdom, the United States of America, France and the United Arab Emirates. The bank provides retail, commercial and institutional banking services while promoting financial inclusion and deploying cutting-edge technology.
UBA is also one of the largest employers in Africa’s financial sector, with approximately 25,000 employees across the Group and a customer base exceeding 50 million globally.
