: Emmanuel Nnorom Appointed Incoming UBA Group Chairman, Succeeds Tony Elumelu

The Board of Directors of United Bank for Africa Plc has appointed Emmanuel N. Nnorom as the next Chairman of the banking group, marking a significant leadership transition for one of Africa's leading financial institutions.

Mr. Nnorom, a highly respected banking executive with decades of experience in the financial services sector, will assume office on August 21, 2026, succeeding Tony O. Elumelu, who is retiring after completing the maximum 12-year tenure for Non-Executive Directors as stipulated by the Central Bank of Nigeria.

The appointment was unanimously approved by the Board during its meeting on July 6, 2026, where members accepted Mr. Elumelu's retirement and endorsed Mr. Nnorom, currently a Non-Executive Director of the bank, as his successor.

The announcement has attracted widespread commendation from stakeholders across the banking and business communities. Among those celebrating the appointment is renowned economist and investor Ndubuisi Ekekwe, who described Mr. Nnorom as one of Ovim's distinguished sons and one of Africa's most accomplished banking professionals.

According to Prof. Ekekwe, Mr. Nnorom's extensive leadership experience positions him to build on UBA's remarkable legacy, strengthen its pan-African presence, and deliver sustainable value for shareholders, customers, employees, and other stakeholders.

He also paid tribute to Mr. Elumelu for his visionary leadership and immense contributions to the growth and transformation of UBA, noting that his tenure helped consolidate the bank's position as one of Africa's most respected financial institutions.

As Mr. Emmanuel N. Nnorom prepares to assume the chairmanship, industry observers expect his wealth of experience and strategic leadership to guide UBA into its next phase of innovation, expansion, and sustainable growth across the African continent and beyond.