UBA Appoints Alawuba As New CEO Africa Operations, Employs 4,000 Staff

Channels Television  
Updated January 6, 2020


United Bank for Africa Plc (UBA) has appointed Oliver Alawuba as the Chief Executive Officer (CEO) of its operations in 20 Africa countries.

A statement by the bank stated that Mr Alawuba will succeed Victor Osadolor, who retired from the Group Board, after nine years of service working at the bank.

The bank also made three appointments to its Group Board including; Senegalese national, Abdoul-Aziz Dia as Executive Director for Treasury and International banking, subject to the approval of the Central Bank of Nigeria; becoming the first non-Nigerian Group Executive Director of the Bank.

Others appointed are Chukwuma Nweke as the Group Executive Director, Retail and Payments, Chiugo Ndubisi as Group Executive Director and the Group Chief Operating Officer, subject to the approval of the Central Bank of Nigeria.

Speaking on the appointments, Group Chairman Tony O. Elumelu said “These appointments emphasise the Group’s commitment to our pan-African and global network, our huge retail client base and our operational infrastructure. 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.”

READ ALSO: Nigerians To Start Paying Increased Electricity Tariffs From April, Says NERC

Elumelu thanked the outgoing Deputy Managing Director/CEO, UBA Africa, Mr. 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.

“Victor and Emeke were key players during the merger of Standard Trust Bank and UBA and have been valuable contributors to the growth of the Bank. We wish them well.”

In a similar vein, the bank said it has recruited over 4000 new staff members in the last week of December 2019 in Nigeria alone.

UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, who announced the bank’s new staff improvement initiatives to the excited employees, noted that UBA is continually seeking new ways to improve the fortunes of its staff as they are the backbone of the organisation.

“We have also taken steps to ensure that our bank remains at the top tier as it relates to a talent pool. We want to train the best and we have crashed the grade structure to make it easier and faster for our employees to progress along with their careers. With this new grade structure, it will be possible for a new graduate employed at UBA to rapidly chart their own careers and become GMD by the age of 36.”

The bank also said it promoted over 5,000 staff to new grades as well as salary upgrades of up to 170 percent with immediate effect from January.

The bank revealed that it has crashed its grade levels to 12 from entry to the top of the pyramid where previously it had been 16 levels.

This implies that staff will now find it much easier to attain top leadership management positions at UBA as their careers progress much faster.