United Bank for Africa Appoints New Managing Director

The United Bank for Africa (UBA) Plc has announced the appointment of Mr. Chukwuma Nweke as its new Managing Director, effective October 1, 2024. The appointment, disclosed in a statement on the Nigerian Exchange (NGX) and signed by the bank’s secretary and legal counsel, Bili Odum, is subject to approval by the Central Bank of Nigeria (CBN).

Mr. Nweke, who is set to step into the role of Deputy Managing Director, brings over 30 years of experience in banking operations, finance, technology, and other sectors. He holds a bachelor’s degree in accountancy and an MBA from the University of Nigeria, Nsukka, and is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an honorary member of the Chartered Institute of Bankers of Nigeria. Previously, he served as the Executive Director and Group Chief Operating Officer at UBA.

UBA Chairman Tony Elumelu praised Mr. Nweke’s extensive industry experience, stating that his appointment will enhance the bank’s growth and success. Elumelu emphasized that Mr. Nweke’s deep industry expertise underscores UBA’s commitment to strong governance and leadership.

In conjunction with the new appointment, UBA also announced the retirement of Dr. Kayode Fasola, a Non-Executive Director who has been with the board since August 2018. Dr. Fasola has been recognized for his leadership, including his role as Chairman of the Finance & General Purpose Committee, and his contributions to various other committees.

UBA expressed its gratitude to Dr. Fasola for his dedication and significant contributions and wished him success in his future endeavors.