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Two Non-Executive Directors of United Bank for Africa Plc (UBA), Emmanuel Nnorom, and Abdulkadir Bello have resigned their appointment with the bank. The resignation is in compliance to the central bank of Nigeria’s (CBN’s) directive that all executive directors (EDs) aspiring to take up non-executive directorship positions in their banks or their subsidiaries are required to serve out a minimum cooling-off period of three (3) years.
UBA had on January 10, 2014 and September 2, 2013 notifed the Nigerian stock exchange (NSE) of the appointment of Nnorom and Bello as non-executive directors of the bank.
The Central Bank of Nigeria (CBN) through a circular dated March 13, 2014 titled ‘Transmutation of Executive Directors to Non-Executive Directors of Deposit Money banks’ directed to all banks to note and comply with the directive that all executive directors aspiring to take up non-executive directorship positions in their banks or their subsidiaries, which are under the supervision of the central bank of Nigeria or the Nigerian deposit insurance corporation, are required to serve out a minimum ‘cooling-off’ period of 3years.
Meanwhile, former Executive Directors, Mr. Emmanuel Nnorom, and Mr. Abdulkadir Bello, who were recently appointed as non-Executive Directors will not be eligible to take up the role within the UBA Group. They have therefore resigned from the Board with immediate effect.
Ok noted.
ReplyDeleteIf you have money in that Bank, this is your last chance to go clear the account o! A word is enough for the wise!!!
ReplyDeleteI just blame these telcos for making internet affordable to every animal out there. People like this truthteller fool should NEVER have been allowed to leave the zoo. Smh
DeleteI know mr emmanuel
ReplyDelete@truthteller d̶̲̅is has nothing to do with depositors money,atleast U̶̲̥̅̊ are not an illiterate. d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ jst changed two of their directors.
ReplyDeleteWhy do you think he's not an illiterate? Does he sound enlightened to you?
DeleteUBA is just the worst bank in Nigeria and the biggest problem is with the management.
ReplyDeleteYou can only clean a stream from the top.
They leave staff on the same grade for years and give double or triple promotions to new hires who have enjoyed promotions in other banks. These new hires don't bring anything new in most cases.
How can a staff serve you and remain on the same grade for 10 years.
I hope the replacement of these two directors are open to change and supportive of the career ladders of the people who have painstakingly supported the growth of the bank through their unrelenting hard work, loyalty and commitment.
Madam Stella, I won't be surprised if you don't publish this as you are loyal to them.
UBA........Useless Bank for Africa.! This bank is a jungle! I just got in from GTBANK. Mehnnnnn! I dey find job ooooooo. In 8 years I got 3 promotions in my bank but here people have been on same grade for yearsssss. Jungle bank!
DeleteMe sef. I don chop awoof........I jump one grade. AL want to kill person. I no go wait for confirmation. I dey check out Now Now. This place is worse than a jungle. They're in the dark ages. Just dey find deposits dem dey fear to do loan.
DeleteSuave. Hush please. Uba media analyst
ReplyDeleteThat Emmanuel Nnorum , wicked soul and bloody thief . He is a dicken in church but the worst thief in UBA . Only promotes girls and women he has slept with and his extremly dull PA called Peter . He kept on promoting Peter .
ReplyDeletei pray he rots in HEIRS Holdings serving TOE a man young enough to be his son
That Emmanuel Nnorum , wicked soul and bloody thief . He is a dicken in church but the worst thief in UBA . Only promotes girls and women he has slept with and his extremly dull PA called Peter . He kept on promoting Peter .
ReplyDeletei pray he rots in HEIRS Holdings serving TOE a man young enough to be his son
Really???? Such a shame.
Deletein UBA , you'd be lucky if you get one promotion in 10 years . big big shame
ReplyDelete