UBA Holds Valedictory Ceremony for Oduoza, Two EDs


The United Bank for Africa (UBA) Plc has sent forth its former Group Managing Director, Mr. Phillips Oduoza and two retired Executive Directors- Mr. Femi Olayoku and Ms. Obi Ibekwe in a ceremony.

The event, which held in the presence of stakeholders including customers, shareholders, Board of Directors, staff and associates, took place in Lagos recently.

It had in attendance, top dignitaries from Nigeria and Africa, including the Emir of Kano, His Royal Highness, Muhammadu Sanusi Lamido II, captains of industries like the MTN Chairman, Mr. Pascal Dozie as well as political leaders such as Governors Nasir El Rufai of Kaduna State; Okezie Ikpeazu of Abia State; Simon Lalong of Plateau State.

Former governors were not left out of the roll call. Former Governor of Cross Rivers, Donald Duke,  Senate Minority Leader and former Akwa Ibom State governor, Godswill Akpabio and  former governors of Ogun State, Chief Olusegun Osoba and Otunba Gbenga Daniels were in attendance.

Regulators such as Mr. Abdul- Nashiru Issahaku, the Governor of the Central Bank of Ghana and Ibrahim Mahama, the brother of the President Mahama of Ghana also graced the occasion.

Chairman UBA, Tony Elumelu, in his remarks at the occasion, paid tribute to Oduoza, describing him  as “very cerebral,  very diligent, loyal and astute.”

He described Phillips Oduoza as a wonderful colleague and supporter, a man who loves and encourages progress and a man who always works for the best of the corporate.

“The performance of UBA today both financial and brand equity are attributable to Phillips and all the professional teams at UBA. PO, as he is fondly called, has served his time at the helm of the Bank, pushing to achieve the strategic vision as outlined by our Board of Directors for the bank here in Nigeria and across Africa. He leaves behind a bank that is not only a dominant player in Africa but  also one with the best asset quality ratios in the African banking industry” Elumelu said.

 In his speech at the ceremony, the Emir of Kano, who was the Central Bank Governor, when Mr. Oduoza was appointed CEO of UBA in 2010, commended him for the reforms he drove as Chairman of the Bankers Committee on the Nigerian Payment Systems.