BREAKING: Tony Elumelu to Step Down as UBA Chairman After 12 Years.

United Bank for Africa (UBA) Plc has announced that its Chairman, Tony Elumelu, will step down on August 21, 2026, after reaching the maximum 12-year tenure allowed for non-executive directors under the Central Bank of Nigeria guidelines.

The bank made the announcement in a statement released on Monday, noting that the Board of Directors accepted Elumelu’s retirement during its meeting held on July 6, 2026.

MacjayBloggs
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