By Rukevwe Odeh

United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the bank’s Board of Directors on August 21, 2026, marking the end of a 12-year tenure in line with the Central Bank of Nigeria’s corporate governance rules for non-executive directors.

The bank disclosed that its Board approved Elumelu’s retirement during a meeting held on July 6 and unanimously selected Emmanuel Nnorom, a long-serving Non-Executive Director, to assume the position of Group Chairman from the same date.

Elumelu’s leadership is widely credited with strengthening UBA’s position as one of Africa’s leading financial institutions. During his time as chairman, the bank expanded its footprint across 20 African countries and established operations in major international financial centres, serving more than 50 million customers worldwide.

In a farewell message, Elumelu described his years leading the bank as one of the most rewarding periods of his career. He expressed appreciation to the Board, management, employees, customers and shareholders for their support throughout his tenure, adding that he is confident UBA will continue to thrive under its new leadership.

The Board also commended Elumelu for his contributions, noting that his vision and strategic direction played a key role in transforming UBA into a leading pan-African banking group with a growing global presence.

Nnorom, who has served on the bank’s Board for several years, is expected to oversee the next phase of UBA’s growth as the institution continues to expand its operations across Africa and international markets.

By Charity Ebi

The Adamawa State Police Command has arrested four individuals suspected of being involved in a robbery attack targeting members of the National Youth Service Corps (NYSC) in Yola.

According to police reports, the suspects allegedly broke into a corps members’ lodge located within the Specialist Hospital area in Jimeta. During the incident, about 36 NYSC members were reportedly dispossessed of their belongings, including mobile phones and other valuables.

Following the complaint, operatives from the Karewa Area Command launched an investigation, which led to the arrest of the four suspects. Some of the stolen items, including several mobile phones, were recovered during the operation.

The police also disclosed that efforts are ongoing to track down other members of the gang who are still at large and to recover additional stolen property.

Authorities stated that the suspects will be charged to court upon the completion of investigations.

The Commissioner of Police in Adamawa State reassured residents, especially corps members, of improved security and urged the public to continue providing useful information that can assist law enforcement in tackling crime.

By Divine Perezide

President Bola Ahmed Tinubu drew laughter during the Presidential Press Corps Dinner held at the State House Banquet Hall on Thursday evening when he jokingly referred to his wife, First Lady Senator Remi Tinubu, as “Iya Alakara.”

The lighthearted remark came in response to the widespread reactions that followed the First Lady’s recent comments encouraging Nigerians to consider small businesses such as selling akara, roasted corn, and kuli-kuli as viable sources of income.

While addressing invited guests at the event, President Tinubu smiled as he introduced his wife with the playful nickname, prompting amusement among those in attendance.

The First Lady’s earlier remarks had generated significant discussion online after she explained that the Federal Government’s support for small businesses was being provided through grants rather than loans. According to her, ventures like selling akara, roasted corn, and kuli-kuli require relatively little startup capital, making them accessible to many Nigerians.

She also noted that the administration had extended grants to beneficiaries and continued to encourage entrepreneurship as a way of supporting livelihoods.

A video capturing President Tinubu’s humorous reference to his wife has since circulated widely on social media, adding another chapter to the ongoing public conversation surrounding the First Lady’s earlier statement.