Nnorom Takes Over from Elumelu as UBA Group Chairman

United Bank for Africa Plc has announced that Mr Tony O Elumelu, the Group Chairman, will retire from the Board of Directors on 21 August 2026. This is after he completes the 12-year limit for Non-Executive Directors set by the Central Bank of Nigeria.

At a meeting on 6 July 2026, the Board accepted Mr Elumelu’s retirement and chose Mr Emmanuel N Nnorom, a Non-Executive Director, as his successor, starting from 21 August 2026.

The Board expressed its deep gratitude to Mr Elumelu for his visionary leadership and significant contributions to UBA’s strategy and strength.

Mr Elumelu’s time as chairman has been a key part of the Group’s story. Under his guidance, UBA grew into a pan-African bank, operating in 20 African countries and four global financial centres, and serving over 50 million customers.

Mr Nnorom is a chartered accountant with more than forty years of experience in banking, finance, and audit. He brings a wealth of leadership experience and deep knowledge of UBA to his new role.

Speaking about his retirement, Mr 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.”

Mr Nnorom, on his appointment, said:

“I am honoured by the trust the Board has placed in me and I am aware 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 is Africa’s Global Bank. It operates in twenty African countries and in the United Kingdom, United States, France, and the United Arab Emirates. UBA provides retail, commercial, and institutional banking services, promotes financial inclusion, and uses advanced technology. UBA is one of the largest employers in Africa’s financial sector, with 25,000 employees and serving over 50 million customers worldwide.