CBN gives nod to appointment of Henrietta Ugboh as UBA Non-Executive Director

… As Duke bows out

By Ezurike Ugochukwu

Appointment of Henrietta Ugboh as the United Bank for Africa’s (UBA) Independent Non-Executive Director, has received approval of the Central Bank of Nigeria(CBN) and other regulatory bodies.

Tony Elumelu, UBA’s Group Chairman, while congratulating Ugboh, said, “Her track record of professional success, integrity, and leadership will further strengthen the UBA Group Board, underlining our commitment to robust corporate governance.”

Ugboh’s appointment which takes immediate effect will leverage on her over 30 years of banking experience, having worked with Citibank. She holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumnus of Harvard Business School’s Executive Management Program.

Elumelu expressed enthusiasm for Ugboh’s expertise in commercial banking, credit, and risk management, saying, “We look forward to her invaluable contribution to the Group as we execute our unique growth strategy across Africa and globally.”

Concurrently, UBA announced the retirement of Owanari Duke, an Independent Non-Executive Director who served on the Board since 2012.

Duke provided distinguished leadership, serving on various committees, including the Board Governance Committee, Board Audit, Governance, Nomination & Remuneration Committee, Board Credit Committee, Finance & General Purpose Committee, and Statutory Audit Committee.

Elumelu thanked Duke for her dedication and significant contributions, wishing her the best in her future endeavors.

UBA is a leading Pan-African financial institution, offering banking services to over 45 million customers across 1,000 business offices and customer touchpoints in 20 African countries.

With presence in New York, London, Paris, and Dubai, UBA connects people and businesses through retail, commercial, and corporate banking, innovative cross-border payments, trade finance, and related banking services.

Henrietta Ugboh’s impressive credentials include a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and being an alumnus of Harvard Business School’s Executive Management Program.

She is also an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration.

United Bank for Africa (UBA) Plc has established itself as a leading financial institution in Africa, with a strong presence in New York, London, Paris, and Dubai.

The bank’s commitment to corporate governance and customer satisfaction has enabled it to maintain its position as a premier banking institution on the continent.