United Bank for Africa (UBA) Plc has announced the retirement of its Group Chairman, Tony Elumelu, and the appointment of Emmanuel Nnorom as his successor.
Tony Elumelu will step down from the Board of Directors on August 21, 2026, after reaching the Central Bank of Nigeria’s (CBN) 12-year tenure limit for non-executive directors. At its meeting on July 6, 2026, the Board accepted his retirement and elected Emmanuel Nnorom as the new Chairman of the Board, effective August 21, 2026.
The Board expressed its profound gratitude to Tony Elumelu for his visionary leadership. Under his stewardship, UBA evolved into a pan-African financial institution operating in 20 African countries, with a presence in four international financial centres: the United Kingdom, the United States, France, and the United Arab Emirates. Today, the bank serves more than 50 million customers.
« Serving UBA has been one of the greatest privileges of my career. I leave with confidence, knowing that the bank will continue to thrive under Emmanuel Nnorom’s leadership. »
Tony Elumelu, Outgoing Group Chairman, UBA – Nigeria
A chartered accountant by profession, Emmanuel Nnorom brings more than 40 years of experience in banking, finance, and auditing. He has an in-depth understanding of the institution.
« I am honoured by the confidence placed in me and fully aware of the legacy I am expected to uphold. I am committed to working with the Board, management, and our teams to sustain UBA’s momentum and create lasting value. »
Emmanuel Nnorom, Incoming Group Chairman, UBA – Nigeria
With a workforce of 25,000 employees and a strong footprint across the continent, UBA remains one of Africa’s leading banks, committed to advancing financial inclusion and driving technological innovation.
