Some shareholders of the United for
Elumelu, who retired from UBA in 2010 as group managing director, was on Monday named the chairman of the bank. Speaking on the development, the National Coordinator,
Elumelu's return was not surprising because he has significant stake in the bank and would want to ensure that his investments are protected "While we welcome him, we are expecting improved returns on our investments. We also hope to see improvement in the service delivery of the bank so that it would attract more businesses that will impact on its overall performance," Nwosu said.
The National Chairman,
"Elumelu is a banker to the core and he has worked so hard to take the bank to where it is today. Coming back will help consolidate his past records. I believe the bank will perform better and we, shareholders are in for bumper harvest of dividends once more," Okezie said.
To the National Coordinator,
"We welcome him and we are going to support him in the efforts to move the bank forward because we have been benefitting from all the subsidiaries of
The new UBA chairman told capital market stakeholders on Monday that he would bring his experience to bear in leading the group forward.
He had said: "What investors want to see is higher profitability and I think that the experience that I bring to the table coupled with the existing strong leadership at the bank and the strong board that we have we would be able to surpass investors' expectations."
In addition, the President,
"When he was the GMD of the bank, we saw how he turned around the fortunes of the bank. And we have seen what he has done in
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- Bolivar Appointed to NSHMBA National Board
- When to Say No to Investors, Yes to Mentors
- SBA Kicks off Hispanic Heritage Month
- Rosneft Growth Slowed by Western Sanctions
- Duke Energy, Strata Partner on Big Solar Project
- Ukraine Offers Temporary Autonomy to Rebel-held Areas
- Thousands Risk Losing Health Care Aid
- Lindsay Lohan Claims She Handled Whitney Houston's Body Bag
- Cat Stevens Touring U.S., First Since 1970s