Lagos, Nigeria – The United Bank for Africa Plc (UBA) has announced the appointment of Henrietta Ugboh as an independent non-executive director, a move that highlights the bank’s commitment to strengthening its corporate governance framework. Naija247news gathered that the appointment was approved by the necessary regulatory bodies, including the Central Bank of Nigeria (CBN), in line with standard banking protocols.
In a statement released on Wednesday, UBA also disclosed the retirement of Owanari Duke, who has served as an independent non-executive director since October 2012. According to Naija247news, the leadership change comes as part of UBA’s ongoing strategy to enhance its governance structures and ensure continued growth.
Tony Elumelu, Chairman of UBA, commended Ugboh for bringing a wealth of experience to the bank’s board. “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.
Naija247news understands that Ugboh is well-equipped to contribute significantly to UBA’s governance, given her extensive experience in the banking sector. According to Naija247news, Ugboh holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumna of Harvard Business School’s executive management programme.
With over 30 years of banking experience, Ugboh has previously worked with Citibank, a role that has equipped her with valuable expertise in commercial banking, credit, and risk management. Naija247news gathered that Ugboh is also an honorary senior member of the Chartered Institute of Bankers of Nigeria (CIBN) and a fellow of the Institute of Credit Administration (FICA).
Her appointment is seen as a significant step in strengthening the UBA Group Board’s ability to provide strategic oversight as the bank continues to expand and solidify its position in the competitive banking sector.
Agnes Ekebuike Editor, Naija247news ✔
Agnes Ekebuike is the Editor of Naija247news.com. A seasoned journalist with expertise in Business, Energy, Politics, and Entertainment, she is known for her in-depth reporting and insightful storytelling. Agnes is passionate about delivering news that informs, empowers, and sparks meaningful dialogue across Nigeria and beyond.
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