UBA NAMES NNOROM CHAIRMAN AS ELUMELU EXITS BOARD

United Bank for Africa (UBA) has announced the appointment of Nnorom as Chairman of its Board, following the exit of Tony Elumelu from the board as part of the bank’s leadership transition.

The appointment marks a significant change in the bank’s corporate governance structure and reflects its commitment to ensuring continuity, stability, and effective oversight.

According to the bank, the leadership transition was carried out in line with regulatory requirements and established corporate governance principles.

Nnorom is expected to provide strategic direction to the board while working with management to strengthen the bank’s operations, governance framework, and long-term growth objectives.

Elumelu’s departure from the board brings to a close a notable period of leadership during which the institution expanded its footprint, strengthened its financial position, and increased its presence across Africa.

Industry analysts described the transition as an important milestone, noting that leadership succession is essential for maintaining investor confidence and institutional stability.

Stakeholders expressed optimism that the new board leadership will build on the bank’s achievements while advancing innovation, digital transformation, and sustainable growth.

The bank reaffirmed its commitment to delivering value to shareholders, customers, employees, and other stakeholders through sound corporate governance and operational excellence.

The transition comes as the banking sector continues to evolve in response to changing regulatory requirements, technological advancements, and economic developments.

UBA said it remains focused on executing its long-term strategy while maintaining its position as one of Africa’s leading financial institutions.