Bayo Adeleke Takes Helm as Union Bank’s New Board Chairman

Union Bank of Nigeria PLC has introduced a new leadership structure, appointing Bayo Adeleke as the Chairman of its Board of Directors. The bank also announced the inclusion of seven additional board members, comprising two Executive Directors and five Non-Executive Directors.

Leadership Appointments

The newly appointed Chairman, Bayo Adeleke, brings decades of experience in the banking sector. He previously held senior leadership roles at First Bank of Nigeria, where he demonstrated an ability to drive institutional growth and innovation. His appointment signals a renewed focus on strategic governance and transformational growth for Union Bank.

The two Executive Directors joining the board are:

• Kelechi Nwaoba
• Taiwo Shote

The new Non-Executive Directors include:

• Mohammed Balarabe, an expert in corporate banking and regulatory compliance.
• Chiamaka Ezenwa, whose career spans global financial services, sustainable infrastructure, and mergers and acquisitions.
• Ibrahim Oruma
• Oluyinka Morgan
• Eileen Shaiyen

Focus on Growth and Innovation

Union Bank’s Managing Director and Chief Executive Officer, Yetunde B. Oni, emphasized that these appointments reflect the bank’s commitment to robust governance and exceptional service delivery. She highlighted the combined expertise of the new board members as a critical asset for achieving the bank’s strategic goals.

“These appointments are a deliberate step toward building a leadership team capable of driving our long-term vision. Union Bank is committed to delivering innovative solutions and maintaining our position as a leader in the financial sector,” she said.

The newly reconstituted board is expected to enhance the bank’s operations, improve service delivery, and strengthen its market position.

Commitment to Customers

Union Bank assured its customers that the leadership changes would support the development of innovative products and services tailored to their needs. The bank reiterated its dedication to delivering value-driven solutions while positioning itself for sustainable growth in a competitive industry.