The United Bank for Africa (UBA) Plc has confirmed that UBA gets new Group Chairman in the person of Mr. Emmanuel Nnorom, succeeding Tony Elumelu.
Nnorom, a seasoned banker and long-serving Non-Executive Director on UBA’s board, will succeed Mr. Tony Elumelu, following the latter’s retirement.
The bank disclosed this on Monday during its Board of Directors meeting, saying the new leadership was necessary after the completion of the maximum 12-year tenure for non-executive directors prescribed by the Central Bank of Nigeria (CBN). This comes amid a wider decline in banking and industrial stocks affecting the market.
Emmanuel Nnorom’s Corporate Career
It noted that Nnorom was unanimously elected as the new Group Chairman, and his appointment will take effect on August 21, 2026.
The incoming UBA chairman, who was born on April 7, 1958, is regarded as one of Nigeria’s most experienced corporate executives.
He has built a career spanning more than 40 years in banking, finance, audit, operations, and corporate governance.
He has served in executive and board-level positions across some of Nigeria’s leading financial institutions and conglomerates.
Nnorom’s banking career includes senior management positions at Standard Trust Bank (now UBA), Diamond Bank, NUB International Bank, and Liberty Merchant Bank.
Before joining the UBA Board as a Non-Executive Director in 2024, Nnorom spent more than eight years in executive management at the bank. During that period, he served as Group Chief Operating Officer, Executive Director (Group Executive Office), Executive Director (Finance), Executive Director (Risk), and Managing Director/Chief Executive Officer of UBA Africa.
As Managing Director/Chief Executive Officer of UBA Africa in 2013, Nnorom oversaw the bank’s operations across several African countries, helping to strengthen UBA’s pan-African presence. More details of the bank’s operations can be read on the UBA Group official website.
Nnorom has also served as Group Chief Executive Officer of Heirs Holdings since June 2017. In that role, he oversaw the investment company’s portfolio spanning financial services, power, healthcare, hospitality, real estate, energy, and technology.
Between September 2014 and May 2017, Nnorom served as President and Chief Executive Officer of Transnational Corporation Plc (Transcorp), overseeing the conglomerate’s businesses in power, hospitality, agriculture and energy.
The new Group Chairman is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Member of the Chartered Institute of Bankers of Nigeria (CIBN).
