UBA Africa appoints new CEO, restructures board to steer the company to a profitable future

NIGERIAUnited Bank for Africa Plc (UBA) has appointed Oliver Alawuba as the Chief Executive Officer of UBA Africa to oversee the bank’s operations that span across 20 African countries except for Nigeria.

A statement from Nigeria said Alawuba succeeds Victor Osadolor, who retired from the group’s board, after nine years of working with UBA.

In a similar vein, the bank said it had employed over 4,000 new employees and promoted over 5,000 others with increased salaries.

The bank said the beneficiaries would receive up to 170 per cent increase in their salaries and benefits, and the developments took effect from this month.

UBA Africa serves over 19 million customers across the African continent, providing retail, commercial and institutional banking services.

 According to the statement, “Alawuba has close to three decades of banking industry experience.

He was once the chief executive officer of UBA Ghana and rose to become regional CEO, UBA Africa before returning to Nigeria to run UBA’s East Bank.”

The board also appointed Senegalese national, Abdoul-Aziz Dia as executive director for treasury and international banking, subject to the approval of the Central Bank of Nigeria.

It added, “Dia becomes the first non-Nigerian group executive director of the bank, bringing a wealth of multi- geographical experience to the group.

“Dia will be responsible for UBA’s global network of operations in New York, London and Paris, together with Group Treasury, where UBA offers a sophisticated suite of products to multinationals, international institutions and African clients.”

Again, Chukwuma Nweke, currently the executive director operations, was confirmed by the board as the group executive director, retail and payments, demonstrating its commitment to its retail offering.

The board also appointed Chiugo Ndubisi as group executive director and the group chief operating officer, subject to the approval of the Central Bank of Nigeria.

It stated that he is a professional with almost three decades of banking experience that included the role of chief finance officer and executive director on the board of a financial institution.

Speaking on the appointments, Group Chairman Tony Elumelu, said “These appointments emphasise the group’s commitment to our pan-African and global network, our huge retail client base and our operational infrastructure.

“We are focused on improving our efficiency and further strengthening our pan-African mission, using the extraordinary pool of talent and experience available in the Group.”

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