, Magazine

The United Bank of Africa who recently made the news for alleged sacking of a large number of its staff numbering about two thousand has appointed a new CEO. It is noteworthy that these workers were sacked at the beginning of January 2020 but it seems UBA has continue about its daily business.

The bank appointed Oliver Awuba as the new CEO of UBA Africa. This appointment means he will oversee the operations of UBA in 20 countries across Africa excluding Nigeria. He succeeds Victor Osadolor retires after 9 years working at UBA.

According to the metrics, the tier-1 bank serves about 20million customers across the African continent, providing retail, commercial and institutional banking services as well as leading financial inclusion.

In what seems like a major executive take over, The Board of Directors also announced the appointment of Chiugo Ndubuisi as Group Executive Director and theGroup Chief Operating Officer. Chukwuma Nweke takes charge as Executive Director of Retail and Payments while Abdoul-Aziz Dia will head Treasury and International Banking as Executive Director.

Tony O. Elumelu, the Group Chairman confirms the appointment and was of the opinion that the appointments emphasize the Group’s commitment to pan-African and global network, huge retail client base and operational infrastructure.

He concluded that they 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.

Oliver Awuba is a member of the Association of Bank Directors in Nigeria. He was once the CEO of UBA Ghana and rose to become Regional CEO, UBA Africa before returning to Nigeria to run UBA’s East Bank.

According to Bili. A. Odum, the group’s company secretary, in a regulatory filing posted on the Nigerian Stock Exchange (NSE) on Monday, under Alawuba’s leadership, UBA’s Nigerian East Bank division became the fastest growing regional bank in the Group. day