Business Hilights
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Amaifeke-Orlu born banking wizkid, Alawuba now CEO of UBA Africa

The ancient town of Amaifeke in Orlu Local Government Area of Imo State has been agog since Monday following the official announcement of one of its exports, Mr. Oliver Alawuba as the new Chief Executive Officer (CEO) of UBA Africa.

By his appointment, Alawuba will oversee the bank’s 20 African country operations, ex-Nigeria.

UBA in a statement made it clear that his appointment was in compliance with underlining the bank’s broader commitment to investing in the highest quality human capital.

He succeeds Victor Osadolor, who retires from the Group Board after nine years of service working at UBA.

UBA Africa serves over 19 million customers across the African continent, providing retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge products including the first ever banking chat bot in Africa, LEO.

Business Hilights also gathered that the Africa’s global bank also effected an upward review of salaries of 1,735 additional junior staff, employed over 2,800 operations staff and 1,336 additional non-operations staff.

The Board further appointed Senegalese national, Abdoul-Aziz Dia, as executive director for Treasury and International Banking, subject to the approval of the Central Bank of Nigeria. Dia becomes the first non-Nigerian group executive director of the bank, bringing a wealth of multi-geographical experience to the Group. He will be responsible for UBA’s global network of operations in New York, London and Paris, together with Group Treasury, where UBA offers a sophisticated suite of products to multinationals, international institutions and African clients.

Chukwuma Nweke, currently executive director operations, was confirmed by the Board as the group executive director, Retail and Payments, demonstrating the Group’s commitment to its retail offering. Nweke has close to three decades of banking experience spanning banking operations, finance, technology, audit and strategy.

The Board also announced the appointment of Chiugo Ndubisi as group executive director and the group chief operating officer, subject to CBN’s approval. Chiugo is a professional with almost three decades of banking experience that includes the role of chief finance officer and executive director on the board of a financial institution. His in-depth understanding of banking and finance industry dynamics will bring a lot of value to the Group Board of UBA.

In his remarks, the Group chairman, Mr Tony Elumelu averred that “These appointments emphasise the Group’s commitment to our pan-African and global network, our huge retail client base and our operational infrastructure.”

Continuing, he added that “We are focused on improving our efficiency and further strengthening our pan-African mission, using the extraordinary pool of talent and experience available in the Group.”

Elumelu thanked both the outgoing deputy managing director/CEO, UBA Africa, Victor Osadolor, and the former regional CEO for UBA in East and Southern Africa, Emeke Iweriebor, who just retired from the board, for their contributions to the bank.

UBA is one of Africa’s leading banks with operations in 20 African countries. The bank also has a presence in the global financial centres of London, New York and Paris.

UBA provides banking services to more than 17 million customers globally, through diverse channels.