United Bank for Africa (UBA) Plc has announced that its long-serving Group Chairman, Tony Elumelu, will retire from the bank’s Board of Directors on August 21, 2026, marking the end of a significant chapter in the institution’s corporate leadership.
The lender disclosed that Emmanuel Nnorom, who currently serves as a Non-Executive Director on the board, has been appointed as the incoming Group Chairman. His appointment will take effect on August 21, 2026, the same day Elumelu officially steps down.
Elumelu’s retirement concludes a leadership tenure widely associated with UBA’s expansion across Africa and its growing international footprint. Under his stewardship, the bank strengthened its position as one of the continent’s leading financial institutions, deepening its presence in multiple African markets while reinforcing its global operations.
In announcing the transition, UBA described the succession plan as part of its commitment to strong corporate governance and leadership continuity. The bank expressed confidence that Nnorom’s extensive experience and years of service on the board will ensure a seamless transition and support the institution’s long-term strategic objectives.
The leadership change comes as UBA continues to expand its banking operations across Africa and beyond, with investors expected to closely watch how the new chairman steers the group’s next phase of growth.
Tony Elumelu will formally retire from the Board on August 21, 2026, while Emmanuel Nnorom will immediately assume the role of Group Chairman on the same date.
