The Board of United Bank for Africa Plc (UBA) today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.
Mr. Elumelu is Chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, founded by Mr. Elumelu in 2010, which holds stakes in a number of leading African businesses, including Transcorp, Nigeria's largest listed conglomerate by market capitalization, as well as UBA.
Elumelu retired as Group Managing Director and CEO of UBA in 2010, following
the introduction by the Central Bank of Nigeria of 10-year tenure limits for bank CEOs. He had served as CEO of the UBA Group for 13 years, where he was responsible for the creation of today's UBA, a financial services institution that built a reputation for innovation and the democratisation of banking services and now spans Africa, providing services to more than 10 million customers, across the continent and in London, Paris and New York.
Widely regarded as one of the most influential business leaders in Africa, Elumelu has developed a reputation for identifying value and bringing a long term investment orientation and discipline to sectors critical to Africa's development, including financial services, power, oil and gas, agribusiness, real estate and hospitality. As the founder of the Tony Elumelu Foundation, an Africa-based and African-funded philanthropy, Mr. Elumelu is committed to the promotion of entrepreneurship in Africa, based on his championing of Africapitalism, the philosophy that the African private sector is the critical enabler of the continent's economic and social transformation.
The Chairmanship of UBA will complement Mr. Elumelu's existing positions with other Heirs Holdings' portfolio businesses, including the Chairmanships of Tenoil Petroleum & Energy Services Limited and Seadrill Limited.
"Tony Elumelu's track record at UBA speaks for itself," said Mr. Phillips Oduoza, Group Managing Director/CEO UBA. "His return to the Board brings a depth of knowledge and experience in the African financial services industry that is second to none. We are privileged to have him lead the Board at this critical stage in our development."
Analysts and leaders of shareholder groups also welcomed Mr. Elumelu's return...culled
Congra
ReplyDeleteYes indeed. He is this and much more. Elumelu is a rare gem. To this I can attest any day and time.
DeleteFrom 1 money to another...d rich kip getting richer while d poor kip getting poorer
ReplyDeleteI don vote ooo.
ReplyDeleteCongrats sir.
ReplyDeleteWatch & Download Video: Banky W - Jaiye Ori Mi
Congratulobia
ReplyDeleteYour comment will be visible after approval
Congrats Sir
ReplyDeleteCongrats sir!
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said...
ReplyDelete.
Mehn this man is really an achiever and he has really create for himself an outstanding reputation...... Kudos dude....
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***CURRENTLY IN JUPITER***
That's our new boss.....Hoping that this new phase of leadership will lead to Staff Salary Review!Welcome on Board TOE.
ReplyDeleteWelldone! Say hello to Monica -Onaji in HCM for me.
DeleteCongrats Mr Elumelu.
ReplyDeleteOk. Congrats.
ReplyDeleteDats my guy. Men with good brains like him are rare. Very down to earth.Congrats, d sky is ur stepping stone. Behind every successful man is a good woman and a good home. Awele dear, tnx for being there. God bless una.
ReplyDeleteANGELRAY SAYS
ReplyDeleteTone is a fine guy oooh, stella do u ve he's number, he looks my uncle.
Devil Ray alasewo lomo latile. Face your work. Uncle indeed.
Deletethat's really cool
ReplyDeleteGood for him
ReplyDeleteCongratulations Oga Tony.
ReplyDeleteWow!
ReplyDeleteCongrats to him. The day I entered HH at Ikoyi, I kept 'wowing'. The man is doing well for himself and he is making a good name too.
Some people's successes are speaking for them.
Katie Onise, quite a decade. Hope you are facing your work. I never gave up on you I just took a frigging breakkkkkk!!
DeleteIt seems there is a sort of eternal rivalry between him and Jim Ovia because everything dat Jim Ovia does he does too. Jim became chairman of Zenith group he too went and become chairman of Zenith group
ReplyDeleteThis has to be the most senseless comment I've read here...and I've read quite a few senseless ones. are you 7 years old?
DeleteCongratulations to him. May he have visions to lead UBA on to greater heights.
ReplyDeleteCongrats to him
ReplyDeleteNawa o...All dis money for one person.
ReplyDeleteMe I need a sugar daddy oh. I will fuck and take good care of him, as long as he enriches my bank account.
Haba...! No be only me waka come jare.
Chai...
ReplyDeleteMore money..When dis money go reach my side na??
Congrats Sir.
Wow, and this man keeps getting richer and better by the day. It pays to be learned.
ReplyDeleteErr him again, same bank *coughs recycling* what do I know!!! Congatulobia sir
ReplyDeletewe are winning!
ReplyDeletewe are winning!!!
ReplyDeleteMy mentor
ReplyDeleteThat's humility speaking very lovely man
ReplyDeleteMr Lyca
Congratulations oga Tony
ReplyDeleteFrom Surulere to STB to UBA. Oga Heirs holdings, I love your story!
ReplyDeleteHardwork pays!
Your story will be mine soon..Amen.
Keep being the trailblazer..wish wish wish I had you as a mentor.
Jahbless
Congrats Sir. Please do a massive recruitment soon enough.
ReplyDeleteThank you.
Good for him.
ReplyDeleteYou guys are jokers! Someone owns the bank, steps down as CEO per CBN. He decides to set up a Holiding Company that's in his favor, has his father in law as the chairman in the interim. Sanusi leaves and he comes back as the chairman of his bank and other assets he owns! Orisirisi. TOE is a smart man, but this is logic not smartness.
ReplyDelete