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Wednesday , 19 September 2018

UBA awaits CBN approval on 4 new board members

The Board of Directors of United Bank for Africa has appointed Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode Fasola as new board members.

The appointments, which are awaiting the approval of the Central Bank of Nigeria (CBN), followed the retirement of Mrs. Rose Okwechime, Mr. Adekunle Olumide, Alhaji Ja’afaru Paki and Mr Yahaya Zekeri, with effect from August 30, 2018.

“I am pleased to welcome Erelu Adebayo, Angela Aneke, Abdulqadir Bello and Kayode Fasola to the Group Board,” the Group Chairman of the bank, Tony O. Elumelu, said.

“I am particularly pleased that two of the newly appointed Non-Executive Directors are women, bringing the total number of women to four, a further demonstration of our commitment to ensuring equality for both men and women.”

Mr. Elumelu thanked the retiring directors for their contributions, hard work and commitment to UBA.

This announcement comes on the heels of the bank’s strong H1 2018 performance with a PBT of N58.1 billion.

Adebayo, who graduated with an M.Phil in Land Economy from Cambridge University, is a former First Lady of Ekiti State and served previously on the boards of several organisations, including the Dangote Foundation, DN Meyer Plc and Wemabod Estates.

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.

Bello, a chartered accountant, has over 30 years’ corporate experience in the banking sector, during which he held 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.

Fasola is a 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.

About Younews Ng

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