UBA announces the appointment of Henrietta Ugboh as independent non-executive director

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as Independent Non-Executive Director, as Owanari Duke retires from the Group Board.

The appointment has been approved by the relevant regulatory authorities, including the Central Bank of Nigeria.

Commenting on the appointment, UBA Group Chairman, Tony Elumelu, CFR, said: “Henrietta Ugboh brings with her a track record of professional success, integrity and leadership, which the Board of Directors UBA Group and once again underlines the Group’s commitment to robust corporate governance. ”

Ugboh holds a degree in economics and statistics from the University of Benin, an MBA from ESUT Business School, and is an alumnus of the Harvard Business School Executive Management Program. She has over 30 years of banking experience 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 the UBA board, with her significant experience and expertise including commercial banking, credit and risk management, is pleased to welcome Ms. 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 of Directors also announced the retirement of Ms. Owanari Duke, an independent non-executive director, who joined the UBA Group Board of Directors in October 2012.

During her tenure, Ms. Duke provided distinguished leadership and served 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 Ms. Duke for her dedication and significant contributions to the Group, and wished her the best in her future endeavours.

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 branches and customer touchpoints in 20 African countries. With a presence in New York, London, Paris and Dubai, UBA connects people and businesses across Africa through retail, commercial and business banking, innovative cross-border payments and remittances, trade finance and related banking services