Superstar Afrobeats singer David Adeleke, professionally known as Davido, has taken to social media to react as Tony Elumelu prepares to step down as UBA chairman after hitting CBN’s 12-year tenure limit.Watch the ,,Video H3re..>>>
Billionaire investor and Philanthropist, Tony Elumelu will retire as Group Chairman of UBA on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the CBN.
Under his leadership, UBA expanded into a pan-African banking powerhouse with operations in 20 African countries and 4 continents, serving more than 50 million customers.
The Board has named Emmanuel N. Nnorom, a long-serving Non-Executive Director and seasoned banking executive, as his successor.
Taking to his Instagram page today, July 2026, to share the handover moment with all and sundry, Tony Elumelu wrote,
“After my 12-year run as Group Chair, the Board elected Emmanuel Nnorom as incoming Chair of @ubagroup today. Leadership is not about holding onto a position, but knowing when an institution is ready for the next chapter.”
Watch the video below;
Davido was captured by the latest development by billionaire Tony Elumelu and, by extension, took to the comment section like others and wrote, “NAH MAN U BE.”
See screenshot of Davido’s comment below;
Note that Billionaire investor Tony Elumelu has been appointed as the incoming Chairman of Seplat Energy Plc, with his tenure officially taking effect on January 1, 2027.
He will succeed the current independent chairman, Senator Udoma Udo Udoma, who is set to retire on December 31, 2026. This transition represents a major structural shift for Nigeria’s largest indigenous oil and gas producer, aligning its leadership with its single largest shareholding bloc.
