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Tony Elumelu will soon retire as UBA Group Chairman after 15 impactful yearsEmmanuel Nnorom, a non-executive director, appointed as Elumelu’s successor at UBAElumelu continues to shape Africa’s economy through diverse investments and entrepreneurship initiatives
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
One of Nigeria’s most influential business leaders, Tony Elumelu, will step down as Group Chairman of United Bank for Africa (UBA), bringing an end to a remarkable 15-year tenure that transformed the lender into one of Africa’s leading financial institutions.
UBA announced on Monday, July 6, 2026, that Elumelu’s retirement will take effect on August 21, 2026, following the completion of the mandatory tenure for non-executive directors as stipulated by the Central Bank of Nigeria (CBN), according to a report by Punch.
Tony Elumelu’s companies span across energy, healthcare, investment, and others. Credit: Bloomberg/ContributorSource: UGC
The bank also confirmed the appointment of
