UBA said Mr Elumelu's retirement is in line with the Central Bank of Nigeria's (CBN) corporate governance guidelines, which set a maximum tenure of 12 years for non-executive directors of banks.

Tony Elumelu will retire as UBA Group Chairman on August 21, 2026, after 12 years, with Emmanuel Nnorom named as his successor.

Tony Elumelu will retire as UBA Group Chairman on August 21, 2026, after 12 years. Emmanuel Nnorom is named his successor. Read more about this major leade