Leadership transition at UBA: Emmanuel Nnorom to steer Africa’s Global Bank.

United Bank for Africa (UBA) has announced that its Group Chairman, Tony O. Elumelu, will retire from the Board of Directors on August 21, 2026, after completing the maximum 12-year tenure for non-executive directors as required by the Central Bank of Nigeria (CBN).

The bank also disclosed that Emmanuel N. Nnorom has been appointed as the new Group Chairman. His appointment will take effect on the same date following his election by the Board during its meeting held on July 6, 2026.
In a statement signed by the Group Head of Marketing and Corporate Communications, Alero Ladipo, the Board commended Elumelu for his outstanding leadership, describing his 12-year tenure as one that transformed the bank.
According to the Board, UBA recorded remarkable growth under Elumelu’s chairmanship, expanding into a leading pan-African financial institution with operations across 20 African countries and four international financial centres, while serving more than 50 million customers globally.
Speaking on his retirement, Elumelu described it as a privilege to have served the bank and expressed confidence that UBA would continue to record greater successes under the leadership of Nnorom.
Nnorom, a chartered accountant with over 40 years of experience in banking, finance and auditing, expressed appreciation to the Board for the confidence placed in him and pledged to build on the bank’s achievements.
He assured that he would work closely with the Board, management and staff across all markets to sustain UBA’s growth and continue creating value for shareholders, customers and other stakeholders.
UBA, popularly known as Africa’s Global Bank, operates in 20 African countries as well as the United Kingdom, the United States, France and the United Arab Emirates. The bank has a workforce of about 25,000 employees and serves more than 50 million customers worldwide.