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BREAKING: Tony Elumelu to Step Down as UBA Chairman
United Bank for Africa, UBA, Plc has announced that its Group Chairman, Tony Elumelu, will retire from the bank’s Board of Directors on August 21, 2026.
The announcement was made on Monday following a meeting of the bank’s board.
UBA explained that Elumelu’s exit follows the completion of the maximum 12-year tenure allowed for non-executive directors under the Central Bank of Nigeria’s corporate governance regulations
The bank also confirmed that Emmanuel Nnorom, who currently serves as a non-executive director, has been appointed as the incoming Group Chairman. His appointment will take effect on August 21, the same day Elumelu officially leaves the board.
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