The Deputy Managing Director of United Bank for Africa Plc (UBA) Muyiwa Akinyemi alongside three Executive Directors will retire from the board of the group effective January 1, 2026, following the completion of their tenure.
The disclosure was contained in a notice signed by the Group Company Secretary, Bili Odum, and filed with the Nigerian Exchange over the weekend.
According to the notice, the retiring directors are Muyiwa Akinyemi, Deputy Managing Director; Mrs. Abiola Bawuah, Executive Director; Mr. Alex Alozie, Executive Director; and Mrs. Sola Yomi-Ajayi, Executive Director.
Reacting to the development, UBA Group Chairman, Tony Elumelu, expressed appreciation for their years of dedicated service and contributions to the bank’s growth and expansion across Africa.
“I express my sincere thanks and appreciation to the retiring Executive Directors for their years of dedicated service, steadfast commitment, and support to UBA. Each of them has made significant contributions to the growth and success of UBA Group.
On behalf of the Board, I thank them for their service and commend their impact,” Elumelu said, adding that they would remain valued members of the UBA family and ambassadors of its values.
In the same notice, the bank announced the appointment of three new Executive Directors, subject to the approval of the Central Bank of Nigeria (CBN), also effective January 2026.
Emmanuel Lamptey was appointed Executive Director, Digital Banking. He brings over 25 years of multinational experience across retail and corporate banking, asset management, securities brokerage, pensions, insurance and microfinance in more than 30 African countries. Lamptey is an alumnus of Harvard Business School, a Fellow of the Association of Chartered Certified Accountants (UK), and holds a Bachelor of Commerce degree from the University of Cape Coast, Ghana.
Tosin Adewuyi was appointed Executive Director, Corporate Banking. Adewuyi has more than 25 years of experience across Sub-Saharan Africa, including 15 years in senior management roles in London and Lagos.
His expertise spans structured trade finance, corporate and investment banking, debt capital markets and correspondent banking.
He is a Fellow of the Association of Chartered Certified Accountants (FCCA), an alumnus of Wharton Business School, and holds a BA (Hons) in Economics and Accounting from the University of Manchester.
Chidi Okpala was appointed Executive Director, UBA Nigeria. He previously served as Executive Director for Payments, Group Integration and Strategy at Heirs Holdings and has over 20 years of banking experience, with expertise in payments, financial services innovation and corporate strategy.
Okpala holds a B.Sc. in Finance, an MBA in Banking and Finance, and an MSc in Leadership and Strategy from London Business School, where he is a Sloan Fellow.
Welcoming the new appointees, Elumelu said the Board was confident they would build on the strong foundation laid by their predecessors and drive the bank’s next phase of growth.
“I congratulate the incoming Executive Directors on their appointments. The Board is confident that they bring the experience, depth, and execution capability required to advance UBA’s next phase of growth,” he said.