Ugboh Appointed, Duke Retires as UBA Announces Group Board Rejig

Africa’s global bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director, as well as the retirement of Owanari Duke also as an Independent Non-Executive Director.

The Bank in a statement on Tuesday, November 12, 2024 said the appointment was duly approved by the relevant regulatory bodies including the Central Bank of Nigeria (CBN).

Commenting on the appointment, UBA’s Group Chairman, Tony Elumelu, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance”.

Ugboh holds a bachelor’s degree in Economics and Statistics from the University of Benin, Benin, Edo State, a Master in Business Administration (MBA) from Enugu State University of Technology (ESUT) Business School, and is an alumnus of the Harvard Business School’s Executive Management Program (EMP).

She has over 30 years’ experience in banking with Citibank and is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration (FICA).

Elumelu added that with her considerable experience and expertise, which includes Commercial Banking, Credit, and Risk Management, the UBA Board is delighted to welcome Mrs. Ugboh to the Group Board.

“We look forward to her invaluable contribution to the Group, as we continue to execute our unique growth strategy across Africa and globally.”

The Board also announced the retirement of Owanari Duke, an Independent Non-Executive Director, who joined the UBA Group Board in October 2012.

During her tenure, Mrs. Duke provided distinguished leadership, serving on Committees of the Bank including the Board Governance Committee, Board Audit, Governance, Nomination & Remuneration Committee, Board Credit Committee, Finance & General Purpose Committee and Statutory Audit Committee.

On behalf of the board, Mr. Elumelu expressed UBA’s deep appreciation to Mrs. Duke for her dedication and significant contributions to the Group, wishing her the best in her future endeavour.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than forty-five million customers, across 1,000 business offices and customer touch points in 20 African countries.

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