United Bank for Africa (UBA) Plc has appointed Ibrahim Ajimasu Puri as a Non-Executive Director of the bank, subject to approval by the Central Bank of Nigeria (CBN).
The appointment was disclosed in a regulatory filing with the Nigerian Exchange Limited (NGX) on Thursday and signed by the Group Company Secretary and Legal Counsel, Bili A. Odum.
According to the disclosure, the UBA Board approved Puri’s appointment and expressed confidence that his extensive experience would strengthen the bank’s leadership and contribute to its continued growth.
“The Board approved the appointment of Mr. Ibrahim Ajimasu Puri as a Non-Executive Director of the Bank, subject to the approval of the Central Bank of Nigeria,” the statement said.
UBA Group Chairman, Tony O. Elumelu, congratulated Puri on the appointment, describing his experience and expertise as valuable to the financial institution.
“The Board is confident that his extensive experience, depth of expertise and sound judgement will further strengthen the Board and contribute meaningfully to the continued growth and success of the Group,” Elumelu said.
Puri is a financial services executive with more than 35 years of professional experience across banking, fintech, telecommunications and fast-moving consumer goods.
He previously served as an Executive Director on the UBA Board before retiring from the position in 2022.
He currently serves as a Non-Executive Director on the boards of Nigerian Breweries Plc and 9mobile, among other organisations.
Puri has participated in executive programmes at Harvard University, the University of Oxford and Euromoney London. He also holds a Master’s degree in Banking and Finance from Bayero University, Kano.
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His areas of expertise include structured finance, negotiation, corporate governance and business turnaround management.
Puri’s appointment comes ahead of Elumelu’s scheduled retirement from UBA’s Board on Friday, August 21, 2026.
UBA had previously announced that Elumelu would retire as Group Chairman after completing the 12-year tenure limit applicable to non-executive directors.
The bank also announced the appointment of Emmanuel N. Nnorom, currently a Non-Executive Director, as the incoming Group Chairman, effective August 21, 2026.
UBA said Elumelu’s tenure had been characterised by significant expansion, transforming the lender into one of Africa’s leading financial institutions, with operations across 20 African countries and financial centres on four continents.
