The development was communicated to the Nigerian Exchange Limited in a formal notice signed by the Group Company Secretary, Bili Odum. According to the bank, the retirements are in line with the completion of the directors’ approved tenures.
Those set to retire include the Deputy Managing Director, Mr. Muyiwa Akinyemi, alongside three Executive Directors: Mrs. Abiola Bawuah, Mr. Alex Alozie, and Mrs. Sola Yomi-Ajayi. Collectively, the outgoing executives are credited with playing key roles in shaping UBA’s strategic direction and supporting its expansion across Africa and other international markets.
Reacting to the announcement, Group Chairman, Mr. Tony Elumelu, paid tribute to the retiring directors, acknowledging their dedication and long-standing contributions to the institution. He noted that their leadership and commitment had significantly strengthened the bank’s growth and performance over the years, adding that they would continue to be regarded as valued members of the wider UBA family and ambassadors of its core values.
Alongside the retirements, the bank also announced the appointment of three new Executive Directors, subject to the approval of the Central Bank of Nigeria. The incoming executives are expected to further strengthen UBA’s leadership capacity as it pursues its next phase of growth.
Mr. Emmanuel Lamptey has been appointed Executive Director, Digital Banking. He brings over 25 years of cross-functional experience across multiple financial services segments, including retail and corporate banking, asset management, insurance, pensions, and microfinance, with exposure spanning more than 30 African countries. Lamptey is an alumnus of Harvard Business School, a Fellow of the Association of Chartered Certified Accountants (UK), and a graduate of the University of Cape Coast, Ghana.
Mr. Tosin Adewuyi joins as Executive Director, Corporate Banking. With more than 25 years of experience across Sub-Saharan Africa, including extensive senior management exposure in London and Lagos, Adewuyi has built expertise in structured trade finance, investment banking, debt capital markets, and correspondent banking. He is a Fellow of the Association of Chartered Certified Accountants, a Wharton Business School alumnus, and holds a BA (Hons) in Economics and Accounting from the University of Manchester.
Also appointed is Mr. Chidi Okpala as Executive Director, UBA Nigeria. Okpala previously served at Heirs Holdings as Executive Director for Payments, Group Integration, and Strategy. With over two decades of banking experience, his background covers payments, financial innovation, and corporate strategy. He holds a Bachelor’s degree in Finance, an MBA in Banking and Finance, and a Master’s degree in Leadership and Strategy from London Business School, where he is a Sloan Fellow.
Welcoming the new appointees, Elumelu expressed confidence in their collective ability to build on the bank’s existing momentum. He stated that their experience, depth of knowledge, and execution capabilities would be instrumental in sustaining UBA’s growth trajectory and reinforcing the strong foundation laid by their predecessors.