Tony Elumelu to Retire as UBA Group Chairman After 12 Years, Emmanuel Nnorom Named Successor

Billionaire investor and philanthropist Tony Elumelu will officially retire as Group Chairman of United Bank for Africa (UBA) Plc on August 21, 2026, bringing to an end a remarkable 12-year tenure that transformed the bank into one of Africa’s leading financial institutions. UBA announced the development following a board meeting on Monday, explaining that Elumelu’s…