Tony O. Elumelu, one of Nigeria’s most prominent bankers and entrepreneurs, is set to retire as Group Chairman of the United Bank for Africa (UBA) on August 21, 2026.
The retirement follows the completion of his 12-year tenure as a non-executive director, in line with the regulations of the Central Bank of Nigeria (CBN).
The UBA Board of Directors via it’s official social media channels has formally announced the development and confirmed the appointment of long-serving non-executive director, Emmanuel N. Nnorom, as the new Group Chairman, effective the same day.
𝐀𝐧 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧 𝐁𝐮𝐢𝐥𝐭 𝐭𝐨 𝐄𝐧𝐝𝐮𝐫𝐞. 𝐀 𝐋𝐞𝐠𝐚𝐜𝐲 𝐓𝐡𝐚𝐭 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬.
Today marks a defining milestone for UBA Group as Mr. Tony O. Elumelu, CFR sets to conclude his tenure as Chairman of UBA Group. We celebrate far more than years of… pic.twitter.com/LCTfHoqN4p
— UBA Group (@UBAGroup) July 6, 2026
Elumelu has played a pivotal role in the transformation of UBA into one of Africa’s leading financial institutions. Under his chairmanship, the bank significantly expanded its footprint across the continent and strengthened its position as a major player in global banking.
His retirement marks the end of an era for UBA, where he has been instrumental in driving strategic growth, digital transformation, and corporate governance standards.
