UBA appoints Nweke as New DMD, announces Board changes

United Bank for Africa (UBA) Plc has announced the appointment of Mr. Chukwuma Nweke as the new Deputy Managing Director, effective October 1, 2024.

This appointment is pending approval from the Central Bank of Nigeria (CBN), according to a statement released by UBA and signed by its secretary and legal counsel, Bili Odum.

Mr. Nweke, who previously served as the bank’s Executive Director and Group Chief Operating Officer, brings over 30 years of experience in various fields including banking operations, finance, and technology. 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.

Commenting on the appointment, UBA Chairman Tony Elumelu praised Nweke’s deep industry expertise, stating that his leadership will strengthen the bank’s growth and success.

The bank also announced the retirement of Dr. Kayode Fasola, a Non-Executive Director who has been with UBA since August 2018. Dr. Fasola was commended for his exemplary leadership and contributions during his tenure, particularly as Chairman of the Finance & General Purpose Committee and a member of several key committees.

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The UBA Board expressed gratitude for his service and wished him success in his future endeavors. The chairman of the Bank, Mr. Tony Elumelu commenting on the appointment stated that Mr. Nweke’s deep industry experience makes him an asset to the bank’s Board and his appointment will strengthen the Group’s growth and success.

In his words, “The appointment of Chukwuma Nweke underlines once again, UBA’s commitment to upholding the highest governance and operational leadership. His deep industry expertise and proven track record make him an invaluable asset to our Board, and we are confident that his contributions will further strengthen the Group’s growth and success.”

The bank also announced the retirement of Dr. Kayode Fasola, a Non-Executive Director who joined the UBA Group Board in August 2018. It noted that Dr. Fasola provided exemplary leadership, notably serving as Chairman of the Finance & General Purpose Committee and contributing as a member of the Board Audit & Governance, Credit, and Statutory Audit Committees during his tenure on the Board.

The UBA Board further expressed its profound gratitude to Dr. Fasola for his dedication and significant contributions to the Group, wishing him success in his future endeavors.