UBA appoints Ugboh independent non-ED as Duke retires from group board

The United Bank for Africa (UBA) Plc has confirmed the appointment of Henrietta Ugboh as an Independent Non-Executive Director while an Independent Non-Executive Director, Mrs. Owanari Duke, has retired from the group board.

The relevant regulatory bodies, including the Central Bank of Nigeria (CBN) have approved Ugboh’s appointment which the UBA Group Chairman, Tony Elumelu, has also lauded.

“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,” Elumelu said.

Ugboh holds a degree in Economics and Statistics from the University of Benin, and an MBA from ESUT Business School.

She is also an alumnus of the Harvard Business School’s Executive Management Programme.

Ugboh is vastly experienced, having spent over 30 years in the banking industry with Citibank while she is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration (FICA).

Elumelu said the group looks forward to her invaluable contribution with her new role as independent non-ED, adding that with her considerable experience and expertise, which include commercial banking, credit, and risk management, the UBA board is delighted to welcome Mrs. Ugboh.

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

The board also confirmed the retirement of Mrs. 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.