United Bank for Africa Plc (UBA) has announced the retirement of four executive directors, effective January 1, 2026, following the completion of their tenure.
The disclosure was made in a notice signed by the Group Company Secretary, Bili Odum and filed with the Nigerian Exchange on Friday.
“United Bank for Africa Plc (‘UBA’ or ‘the Bank’) hereby notifies the Nigerian Exchange Limited of the retirement of the following Executive Directors, effective January 1, 2026, following the completion of their tenure,” the bank stated.
The retiring directors are Muyiwa Akinyemi, Deputy Managing Director; Abiola Bawuah, Executive Director; Alex Alozie, Executive Director and Sola Yomi-Ajayi, Executive Director.
Group chairman, Tony Elumelu, thanked the outgoing directors for their service to the bank.
“I express my sincere thanks and appreciation to the retiring Executive Directors for their years of dedicated service, steadfast commitment, and support to UBA. Each of them has made significant contributions to the growth and success of UBA Group. On behalf of the Board, I thank them for their service and commend their impact. They will remain members of the UBA family and ambassadors of the values and standards we represent,” Mr Elumelu said.
In the same notice, the bank announced the appointment of three new Executive Directors, subject to the approval of the Central Bank of Nigeria.
Emmanuel Lamptey was appointed Executive Director, Digital Banking.
He has over 25 years of experience across retail and corporate banking, asset management, securities brokerage, pensions, insurance and microfinance in more than 30 African countries.
He is an alumnus of Harvard Business School, a fellow of the Association of Chartered Certified Accountants (UK), and holds a Bachelor of Commerce degree from the University of Cape Coast, Ghana.
Tosin Adewuyi was appointed Executive Director, Corporate Banking.
He has more than 25 years of experience across Sub-Saharan Africa, including 15 years in senior management roles in London and Lagos.
His experience covers structured trade finance, corporate and investment banking, debt capital markets, and correspondent banking.
He is a Fellow of the Association of Chartered Certified Accountants and an alumnus of Wharton Business School and holds a BA in Economics and Accounting from the University of Manchester.
Chidi Okpala was appointed Executive Director, UBA Nigeria.
He previously served as Executive Director for Payments, Group Integration and Strategy at Heirs Holdings.
He has over 20 years of banking experience and has worked in payments, financial services innovation and corporate strategy.
He holds a B.Sc. in Finance, an MBA in Banking and Finance and an MSc in Leadership and Strategy from London Business School, where he is a Sloan Fellow.
Commenting on the appointments, Elumelu said the board was confident in the capacity of the new directors to build on the bank’s existing structure.
“I congratulate the incoming Executive Directors on their appointments. The Board is confident that they bring the experience, depth, and execution capability required to build on the foundation and successes established by their predecessors, and to advance UBA’s next phase of growth,” he said.
