- Davido pays tribute to Tony Elumelu, a billionaire entrepreneur.
- Elumelu announced his retirement as Group Chairman of United Bank for Africa.
- The tribute highlights Elumelu’s remarkable leadership journey.
Afrobeats star David Adeleke, widely known as Davido, has paid tribute to billionaire entrepreneur Tony Elumelu following the announcement of his retirement as Group Chairman of United Bank for Africa.
Davido joined several prominent Nigerians in celebrating Elumelu’s remarkable leadership journey after the banking executive revealed plans to step down from the position.
The renowned businessman disclosed that he will officially conclude his tenure as Group Chairman of UBA on August 21, 2026. His departure comes in line with the Central Bank of Nigeria’s regulatory requirement, which limits non-executive directors to a maximum tenure of 12 years.
Announcing the transition on his Instagram page, Elumelu reflected on his years of service and expressed confidence in the institution’s future leadership. He also confirmed that the Board had selected veteran banking executive and long-serving non-executive director Emmanuel N. Nnorom as his successor.
Sharing the news, Elumelu wrote:
“After my 12-year run as Group Chair, the Board elected Emmanuel Nnorom as incoming Chair of @ubagroup today. Leadership is not about holding onto a position, but knowing when an institution is ready for the next chapter.”
Reacting to the announcement, Davido left a brief but heartfelt message in the comment section, expressing admiration for the outgoing chairman.
The award-winning singer wrote: “NAH MAN U BE.”
The comment quickly attracted attention from fans, with many interpreting it as a show of respect for Elumelu’s contribution to the banking sector and his legacy of leadership.
See post below:
Read some comments below:
@danielemeka:”Ok this is beautiful… if you know you know. This Legacy is just too powerful and beautiful to watch. So proud and happy to have been part of this family”
@ebubay_o:”Congratulations Chairman! What a run! Proud to have served with the group under your distinguished Chairmanship! Cheers to a legacy of impact”
@iamjoefigo:”A true servant-leader of humanity whose indelible impact will be remembered for generations. Congratulations on an outstanding 12 years of exemplary leadership”
@naasson.namegabe:”I wish politics in Africa was like this, where a leader can hand over the power to another leader peacefully following the constitution. I HAVE A DREAM”
@jhereemiah:”Leadership is not about holding on to position but knowing when an institution is ready for the next chapter ” maybe some people in government can borrow a leaf out of these wise words from Mr Tony
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