United Bank for Africa (UBA) Plc has appointed Emmanuel N. Nnorom as its new Group Chairman, effective August 21, 2026, following the retirement of the bank’s current chairman, Tony O. Elumelu, CFR.
Gatekeepers News reports that the appointment was announced after the Board of Directors’ meeting held on July 6, where it accepted Elumelu’s retirement upon the completion of the 12-year tenure limit for non-executive directors of banks as prescribed by the Central Bank of Nigeria.
Nnorom, currently a Non-Executive Director of the bank, is a chartered accountant with more than 40 years of experience in banking, finance and audit. UBA said he brings extensive leadership experience and deep institutional knowledge to the role.
Speaking on his appointment, Nnorom said: “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.”
Elumelu, on his part, expressed confidence in his successor, describing Nnorom as “a leader of integrity, experience and sound judgement.”
“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.
The Board also commended Elumelu for what it described as his visionary leadership and exceptional contribution to the strategic vision and institutional strength of the UBA Group. It noted that under his stewardship, UBA expanded into a pan-African institution with operations in 20 African countries and four global financial centres, serving more than 50 million customers.
