United Bank for Africa (UBA) Plc has on Monday July 6, 2026 announced the retirement of its Group Chairman, Mr. Tony O. Elumelu, CFR, and the appointment of Mr. Emmanuel N. Nnorom as his successor, effective August 21, 2026.
The bank disclosed that Elumelu will retire from the Board of Directors upon completing the 12-year tenure limit for non-executive directors of banks as prescribed by the Central Bank of Nigeria.
At its meeting on July 6, 2026, the UBA Board accepted Elumelu’s retirement and unanimously elected Nnorom, currently a Non-Executive Director of the bank, to assume the position of Group Chairman from August 21, 2026.
In a statement, the Board expressed profound appreciation to Elumelu for what it described as his visionary leadership and outstanding contribution to the bank’s strategic growth and institutional development.
According to the Board, Elumelu’s tenure marked a defining era in UBA’s history, during which the bank strengthened its position as a leading pan-African financial institution. Today, UBA operates in 20 African countries and four global financial centres, serving more than 50 million customers.
Emmanuel N. Nnorom, a chartered accountant with more than four decades of experience in banking, finance and auditing, is expected to bring extensive leadership experience and deep institutional knowledge to his new role.
Reflecting on his retirement, Tony Elumelu described serving UBA as 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, Emmanuel N. Nnorom expressed gratitude for the confidence reposed in him by the Board.
“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, popularly known as Africa’s Global Bank, operates across 20 African countries as well as in the United Kingdom, the United States, France and the United Arab Emirates. The bank provides retail, commercial and institutional banking services and is one of Africa’s largest financial sector employers, with about 25,000 employees serving more than 50 million customers worldwide.
