United Bank for Africa Plc has announced the appointment of Mr Emmanuel Unorom as its new Group Chairman and he is scheduled to succeed Mr Tony Elumelu who will retire from the Board of Directors of the financial institution on August 21, 2026.
Elumelu’s decision to quit was sequel to the completion of the 12-year tenure limit prescribed for non-executive directors of banks by the Central Bank of Nigeria.
Team@orientactualmags.com learned that the bank announced Mr Nnorom’s appointment in a statement issued by its Group Head of Marketing and Corporate Communications, Alero Ladipo on Monday while noting that ‘a new phase of strategic growth’ has begun.
‘At its meeting held on July 6, 2026, the board accepted Mr Elumelu’s retirement and elected Mr Emmanuel Nnorom, a Non-Executive Director of the bank, as his successor, with effect from August 21, 2026’ the statement said.
The board appreciated Elumelu for his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group.
Mr Elumelu has asserted that he will be leaving the bank as its chairman next month with great confidence in its future.
‘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 judgment, and I am confident that the bank will continue to thrive under his leadership’ he said.
The new chairman, Mr Emmanuel Nnorom has also promised to continue to deliver long-term value to the bank’s shareholders, customers, and stakeholders.
‘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, an Africa’s global bank that provides retail, commercial, and institutional banking services, operates across 20 African countries and it has an active footprint in the United Kingdom, the United States of America, France, and the United Arab Emirates-Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08035023079, 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
