Our management team is made up of experienced industry-recognised professionals, with diverse (but complementary) skills in various backgrounds, as well as a depth of experience (garnered from national and international institutions). These executives put their knowledge, experience, and leadership to work, helping us develop and deliver solutions to meet the needs of our customers.
We are big on Corporate Governance
In order to promote effective governance of the Bank, relevant structures have been put in place for the execution of the Bank’s Corporate Governance strategy, as elucidated in its Governance Charters, such as the Board, the Board Committees, and Executive Management Committees.
The Board of Directors has the overall responsibility for ensuring that the highest standards of corporate governance are maintained and adhered to by the Bank. The Board adequately comprises an appropriate balance of skills and diversity (age, culture and gender) without compromising competence, independence, and integrity.
The Group Board of Directors consists of fifteen (15) members out of which Seven (7) are females. This makes up 46.67% of the Board.
TONY O. ELUMELU, CFR
Tony O. Elumelu is a visionary entrepreneur and philanthropist. Born, raised and educated in Africa, Mr. Elumelu has been responsible for creating businesses across the continent, in sectors critical to Africa’s economic development.
In 2010, he founded Heirs Holdings, an African investment holding company, with investments in financial services, power generation, oil and gas, agribusiness, real estate and hospitality. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropy, dedicated to catalysing entrepreneurship across Africa.
He is Chairman of Heirs Holdings as well as UBA Group Plc and Transcorp Plc, which is Nigeria’s largest listed conglomerate.
In his early career, Mr. Elumelu turned the financially distressed Standard Trust Bank (STB) into a top-five financial services player in Nigeria. In 2005, he led the largest merger in the banking sector in sub-Saharan Africa, between STB and United Bank for Africa (UBA). Today, UBA operates in 20 African countries, as well as New York, London, Paris and Dubai.
Mr. Elumelu is the author and leading proponent of “Africapitalism,” an economic philosophy that advocates for the private sector’s commitment to Africa’s development through long-term investment in strategic sectors of the economy, that drive economic prosperity and social wealth.
In 2003, the federal government of Nigeria conferred the honour of Member of the Federal Republic on Mr. Elumelu. In 2012 he was awarded Commander of the Order of the Niger for his service in promoting private enterprise. In 2013, Mr. Elumelu received the Leadership Award in Business and Philanthropy from the Africa-America Institute Awards. He was also named African Business Icon at the 2013 African Business Awards. He was conferred the Commander of the Order of the Federal Republic (CFR) by the Federal Republic of Nigeria in 2022.
Mr. Elumelu presently serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum.
He sits on the Nigerian President’s Agricultural Transformation Implementation Council and serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. He played a leading role in the formation of the National Competitiveness Council of Nigeria and now serves as its vice chairman. He chairs the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria, at the invitation of the Federal Government.
Oliver, a seasoned banking professional, comes on board with a broad range of strategic and well-grounded experience in Corporate and Institutional Banking, Consumer Banking, Public Sector, Retail and Commercial Banking, Project Management, Corporate Governance, and overall bank management.
Mr. Oliver Alawuba has acquired 25 years of work experience in the banking industry after his short foray into academia. He joined the former Standard Trust Bank (STB) as a pioneer staff in 1997. Over the years, he has demonstrated strong passion for excellence and result-oriented leadership capability.
Prior to his current appointment as the Group Managing Director/CEO of UBA Banking Group, Oliver was at various times country CEO and Regional CEO in the Rest of Africa, Executive Director, East Bank (Nigeria) and later Group Deputy Managing Director/CEO, covering Nigeria and other 19 subsidiaries in the Rest of Africa. He also worked in another bank and rose to the position of Executive Director. Oliver is an effective and self-motivated professional.
Oliver possesses B.Sc and M.Sc degrees in Food Science and Technology and MBA in Banking and Finance. He is an alumnus of the AMP and SEP programmes of the prestigious INSEAD Business School, France and London Business School respectively.
He is also a Fellow of the Nigerian Institute of Management (NIM) and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).
ERELU ANGELA ADEBAYO
Erelu Angela Adebayo who graduated with an M.Phil in Land Economy from Cambridge University is the former First Lady of Ekiti State in Nigeria. Mrs. Adebayo previously served on the boards of several organisations, including the Dangote Foundation, DN Meyer Plc, Wemabod Estates. Mrs. Adebayo is a council member of the Nigerian Stock Exchange and has worked extensively on real estate development and she is the Chairman of the Erelu Adebayo Foundation for the underprivileged.
Ms. Angela Aneke is a board advisor, banker and a strategic thinker with over 30 years’ experience in financial services, in the areas of financial control, strategy, transaction banking, corporate banking, retail banking, and governance. Ms. Aneke has held executive management and board positions in several international and regional institutions, including Ecobank Transnational Incorporated, Citigroup and the United Bank for Africa.
Mrs. Onari Duke has led a distinguished career which has straddled the roles of lawyer, public servant, entrepreneur and philanthropist. The former First Lady of Cross Rivers State, Nigeria, Mrs. Duke used her position to raise awareness and currently serves as the Country Director of EMPRETEC Nigeria Foundation; a United Nations Centre for Trade & Development (UNCTAD) Private Sector Support Initiative that aims to assist Nigerians to achieve high levels of productivity and competitiveness among SMEs.
Mrs. Duke is also the Managing Partner of the law firm Duke and Bobmanuel. She is a certified Mediation/Dispute Resolution Consultant. In addition to this she serves as the Executive Chairman of Allied Merchants & Brokers Limited, a leading merchandising and brokerage firm.
Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, taxation, credit risk and banking throughout her career of close to four decades. She worked at UBA from 1996-2006, where she held the position of Head, Credit Risk Management. Mrs. Anyanwu also served as the Deputy Managing Director of Diamond Bank with supervisory responsibility for risk management, until her retirement in 2019.
ALHAJI ABDULQADIR JELI BELLO
Alhaji Abdulqadir J. Bello, a Chartered Accountant, has over 30 years’ corporate experience in the banking sector, during which period he held several senior Management positions in various Banks. He also previously served as the Group Chief Credit Officer of UBA and thereafter as the Executive Director in charge of Risk Management for UBA Group.
HIGH CHIEF SAMUEL ONI, FCA
Appointed Non-Executive Director in 2015
High Chief Samuel Oni is a Chartered Accountant with a distinguished career that spanned well over 35years. Having qualified as a Graduate Member of the Association of Chartered Certified Accountants in 1980, he held the position of Senior Accountant/Company Secretary in various establishments, including New Foods & Drinks Company Ltd. Abiola & Sons Bottling Company, and Kwara Breweries Ltd. He joined Kwara State Government and was deployed to Kwara State Agricultural Development Project as the Financial Controller.
In October 1993, High Chief Oni transferred his Services to the Central Bank of Nigeria (CBN) and assumed the position of an Assistant Director. He became a Commissioned Examiner and rose through the ranks in CBN and was appointed the Director of Bank Examination Department in 2003. He also served as the Director of Other Financial Institutions and Internal Audit Departments between 2005 and 2008. In 2009, he became the Director of Banking Supervision Department where he played a prominent role during the intervention process of the CBN that restored stability in the banking system, following the Financial Crisis of 2008/2009.
He voluntarily retired from the CBN in June 2011, having completed the eight years as a Director in line with the Tenure Policy for all Directors in Government Ministries, Agencies and Parastatals. He attended both local and overseas training, workshops and seminars during his career. He holds a Master’s degree in Business Administration from the University of Ilorin and a Fellow of both the Association of Chartered Certified Accountants and the Institute of Chartered Accountants of Nigeria. He is also a member of the Chartered Institute of Taxation of Nigeria and an honorary member of Chartered Institute of Bankers of Nigeria.
ISAAC OLUKAYODE FASOLA
Mr. Isaac Olukayode Fasola is a consummate professional with over 30 years’ cognate experience obtained from Management and Board positions covering banking operations, risk management, credit analysis, insurance, asset management, business strategy/development, performance management and corporate governance. Mr. Fasola previously served as an Executive Director of a commercial Bank in Nigeria.
Muyiwa is the Deputy Managing Director of United Bank for Africa (UBA). He oversees the bank’s business in Southern Nigeria and coordinates the corporate banking arm of the institution.
Prior to this, Akinyemi who joined UBA in 2005, drove the bank’s energy bank business and was the General Manager, Corporate and Commercial Banking. He also headed the Wholesale banking arm between 2013 and 2015, where he was responsible for the bank’s business activities in various geographies where UBA was present at the time. He also headed UBA Kenya as the CEO/MD between 2010 and 2011.
Before joining UBA, Muyiwa worked in Standard Trust Bank between 1998 and 2005, where he led in various capacities including Head Investment Banking, Head Energy & Telecoms Division and Structured finance groups. He had previously worked in Diamond Bank between 1994 and 1998.
Muyiwa Akinyemi who is a Chartered Accountant graduated with a B.Sc. Accounting from the Obafemi Awolowo University, Ile-Ife. He is also a member of several professional bodies including the Institute of Chartered Accountants of Nigeria, Chartered Institute of Bankers of Nigeria, Chartered Institute of Stockbrokers, etc.
Alex Alozie, UBA’s Executive Director/Group Chief Operating Officer, joined the bank in 2019. He was charged with the responsibility of driving the bank’s digital transformation and operational efficiency.
Just before he joined UBA, Alozie was the head of operations in Diamond bank and Head of Digital and Head Office Operations in Access bank, where he successfully carried out various digital renovations that boosted the institutions.
As a result, Alozie has been recognised by several regulators and has received numerous awards which include; CBN’s commendation for contributions in the introduction of cashless initiative, SEC’s commendation for his role in implementing E-Dividend, CBN/NIBSS Award as a member of the BVN Implementation Committee amongst others.
He is a Fellow of the following Institutions; Chartered Institute of Bankers of Nigeria, Nigerian Institute of Management, Institute of Chartered Economists of Nigeria, Chartered Institute of Strategic Managers & Leaders, Association of Human Resources of Nigeria, and is also a committee member of CBN Committee on introduction of cashless in Nigeria, CBN/NIBSS committee on Implementation of BVN, CBN/SEC Committee on E-Dividend Mandate and CBN Committee on Shared Services.
Sola Yomi-Ajayi is a highly experienced banker with over 28 years of banking experience managing Corporate and Institutional relationships with significant experience in, Regulatory Engagement, Structured Funding, Risk Management, Financial Inclusion, Transaction Banking, Correspondent Banking, and Operations.
As the Executive Director for Treasury & International Banking, Sola is responsible for strategy formulation as well as oversight for various business groups at UBA such as UBA America, UBA UK, UBA France and UBA Dubai. Additionally, she is responsible for the Group’s Treasury function as well as our Financial Institutions, Embassies, Multilateral, and Development Organisations (EMDOs) and Global Investor Services (GIS) businesses. She leads the respective teams in the execution of corporate strategy and delivery of unique best-in-class financial solutions to UBA’s customers across these business segments.
Sola has a Bachelor of Arts degree from Obafemi Awolowo University, Ile-Ife, Nigeria, and an MBA from the Aberdeen Business School. She has also attended leadership and executive programs at Harvard Business School and Judge Business School, University of Cambridge.
She is a Fellow of the Chartered Management Institute, UK and a Member, Board of Trustees for the US-based Institute of International Banking.
UGO A. NWAGHODOH
Ugo holds a B.Sc degree from the University of Ibadan, Nigeria and an M.Sc degree in Finance and Management from Cranfield University, England. He is a fellow of the Institute of Chartered Accountants of Nigeria, Associate of the Chartered Institute of Taxation of Nigeria (CITN), a member of the Cranfield Management Association and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).
He is a Seasoned Financial Analyst and Accountant with over two decades experience spanning Assurance, Advisory, Financial Control, Strategy, and Business Transformation, Investor Relations, Mergers and Acquisitions, Business Integration and Project Management. Prior to his current role, he was at different times, Group Financial Controller, Group Chief Compliance Officer, and Head – Performance Management in UBA. Before joining UBA in 2004, he had a decade experience with renowned firms of Deloitte and PricewaterhouseCoopers in Nigeria and Kenya.
Emem Usoro who is UBA’s Executive Director, Nigerian North Bank boasts of over 20 years’ banking experience spanning Customer Service/Retail/Commercial/Corporate Banking and Public Sector, covering all the regions in the country.
Before now, the astute banker, who joined UBA in 2011, has worn several hats. She was the Directorate Head, Abuja and North Central Bank and was also the Regional Director, Lagos Island region in charge of for 32 branches in the Apapa and Lagos Island region, where she was responsible for developing, planning and implementing strategies to grow and turnaround ailing branches, amongst other activities. She has a strong track record of winning and executing high-powered transactions.
A fellow of the Chartered Institute of Bankers of Nigeria (CIBN) with strong capabilities in business development, financial and business advisory, strategic planning and execution, Emem holds a B.Sc degree in Biochemistry and an MBA degree from the Obafemi Awolowo University, Ile-Ife and is also an alumnus of Lagos Business School and Harvard Business School. She has attended several international courses on leadership, Corporate Credit, marketing and negotiation skills.
Our people remain our most valuable assets. They are our competitive edge in a highly dynamic and competitive business environment. We have invested in the best performance management systems to ensure our people always have the cutting-edge skills to excel in what they do.
We also have financial and non-financial incentive schemes in place, including a staff recognition scheme to reward our high-performing staff.
Our staff is multicultural, multilingual, and highly diverse in outlook, reflecting the richness and diversity of the 24 countries we operate in. Our people strategy is hinged on always seeking to employ the best people, and creating a conducive environment for them to excel in their work. We also provide competitive remuneration and reward systems to retain our best talents.
UBA employees are fondly called “Lions and Lionesses,” reflecting the confidence with which they deliver financial solutions to our customers.