United Bank for Africa Plc (UBA) has announced the retirement of four Executive Directors and the appointment of three new executives, in a board-level transition scheduled to take effect from January 1, 2026.
In a notification to the Nigerian Exchange, the bank said the retirements followed the completion of tenure of the affected directors. Those exiting the board are Mr Muyiwa Akinyemi, Deputy Managing Director; Mrs Abiola Bawuah, Executive Director; Mr Alex Alozie, Executive Director; and Mrs Sola Yomi-Ajayi, Executive Director.
Commenting on the development, UBA Group Chairman, Mr Tony O. Elumelu, CFR, expressed appreciation to the retiring executives for their years of service and contributions to the growth of the group.
“I express my sincere thanks and appreciation to the retiring Executive Directors for their years of dedicated service, steadfast commitment, and support to UBA,” Elumelu said. “Each of them has made significant contributions to the growth and success of the UBA Group. On behalf of the Board, I thank them for their service and commend their impact. They will remain cherished members of the UBA family and enduring ambassadors of the values and standards we represent.”
The board also approved the appointment of three new Executive Directors, subject to the approval of the Central Bank of Nigeria (CBN).
Mr Emmanuel Lamptey has been appointed Executive Director, Digital Banking. A seasoned banker with 25 years of multinational and cross-functional experience, Lamptey has worked across retail and corporate banking, asset management, pensions, insurance, securities brokerage and microfinance in more than 30 African countries. He has previously served in executive and non-executive directorship roles within and outside the financial services sector and is known for leading digital transformation, customer experience initiatives and operational excellence. He is an alumnus of Harvard Business School, a Fellow of the Association of Chartered Certified Accountants (ACCA), and holds a Bachelor of Commerce degree from the University of Cape Coast, Ghana.
Mr Tosin Adewuyi was appointed Executive Director, Corporate Banking. He brings over 25 years of experience across Sub-Saharan Africa, including more than 15 years in senior management and FCA- and CBN-approved roles in London and Lagos. Adewuyi has led senior client engagements across corporate and sovereign portfolios and has extensive experience in structured trade finance, corporate and investment banking, debt capital markets, financial institutions coverage and correspondent banking. He is a Fellow of the ACCA, holds a BA (Hons) in Economics and Accounting from the University of Manchester, is an honorary member of the Chartered Institute of Bankers of Nigeria, and is an alumnus of Wharton Business School.
Mr Chidi Okpala was appointed Executive Director, UBA Nigeria. Prior to his appointment, he served as Executive Director for Payments, Group Integration and Strategy at Heirs Holdings, where he provided leadership across the group’s payments portfolio and strategic oversight of technology and healthcare investments. With over 20 years of banking experience, Okpala has deep expertise in payments, financial services innovation, corporate strategy and ecosystem development across Africa. 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.
Congratulating the new appointees, Elumelu said the board was confident in their capacity to drive the bank’s next phase of growth.
“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 strong foundation and successes established by their predecessors,” he said.
United Bank for Africa operates in 20 African countries as well as the United Kingdom, the United States, France and the United Arab Emirates. The group provides retail, commercial and institutional banking services, is a leader in financial inclusion and technology-driven banking solutions, and employs about 30,000 people while serving more than 50 million customers worldwide.
Leave a Reply