Tony Elumelu & United Bank for Africa

Tony Elumelu: Tony Elumelu is retiring as Group Chairman of United Bank for Africa after completing his 12-year tenure, having overseen significant growth and expansion for the bank. He expressed confidence in the bank's future under the new leadership.

United Bank for Africa: United Bank for Africa announced the retirement of its Group Chairman, Tony Elumelu, and the appointment of Emmanuel Nnorom as his successor, ensuring a smooth leadership transition in compliance with regulatory guidelines.

Tony Elumelu: Tony Elumelu was appointed as a Non-Executive Director on the Board of Seplat Energy. He is the founder and chairman of Nubank and Heirs Energies, which became the largest shareholders in Seplat Energy.

United Bank for Africa: Tony Elumelu previously led the merger that transformed Standard Trust Bank into the global financial powerhouse, United Bank for Africa.

Tony Elumelu: Tony Elumelu, Chairman of Nubank Limited, plays a central role in shaping United Bank for Africa's strategy.

United Bank for Africa: United Bank for Africa successfully completed a rights issue, raising N158 billion and increasing its capital base to N513 billion, exceeding the Nigeria — Central Bank of Nigeria's minimum requirement for international authorization.

Tony Elumelu: Tony Elumelu, as the chairman of United Bank for Africa, is instrumental in deepening the partnership with BUA Group to support industrial expansion and economic growth in Nigeria.