• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 13, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Post-acquisition Union Bank Appoints Amray, Gumel As New CEO, Chairman

by Olushola Bello
3 years ago
in Business
Reading Time: 2 mins read
Union Bank
Share on WhatsAppShare on FacebookShare on XTelegram

With the completion of Union Bank of Nigeria (UBN) core investors’ sale of majority shareholding to Titan Trust Bank, a new board of directors have been appointed.

Advertisement

The board of directors of Union Bank announced the appointment of Mudassir Amray as the chief executive officer, effective June 2, 2022, following the retirement of Mr. Emeka Okonkwo.

Okonkwo, after overseeing a seamless transition of management, he implemented the bank’s new strategy focused on regional coverage and continued the growth trajectory that we have seen in 2021.

Other appointments are Farouk Gumel as chairman, while Andrew Ojei, Abubakar Mohammed, Lawrence Mackombo were appointed as non-executive directors.

With the completion of the transaction under the Share Sale and Purchase Agreement (SSPA), which effectively transfers 93.41 per cent of Union Bank’s issued share capital to Titan Trust Bank, now becomes the majority shareholder and core investor in Union Bank.

RELATED

Ginger Farmers Lose N12bn To 2023 Blight Epidemic

Investing In Ginger Farming For Export

1 hour ago
Helen: Excelling In Event Planning Industry Through Passion

Helen: Excelling In Event Planning Industry Through Passion

1 hour ago

Speaking on behalf of the outgoing directors, the former chair of the Board, Beatrice Hamza Bassey said, “Earlier today we reached a significant milestone with the Completion, after regulatory approvals, of the epoch-making transaction announced in December 2021 between the Bank’s core shareholders and Titan Trust Bank.

“As is normal for transactions such as this, the current board and CEO Mr. Emeka Okonkwo retired and handed over reins of the Bank to a new Board and to Mr. Mudassir Amray as CEO. The entire Board congratulates the parties on this landmark transaction.”

She stated that it has been a privilege and honor to have chaired and served on the Board that oversaw the preservation and transformation of one of Nigeria’s most iconic institutions, saying “The significant investments made over the last ten years by the outgoing investors, along with the vision, astute counsel and direction of our directors helped us implement the strategic objectives that we set and laid the foundation for this new era of growth for the Bank.”

She added that “I am very proud of all that we accomplished together during a transformative period for the Bank following the significant recapitalisation of the bank by the outgoing investors.

“We reshaped the Bank with significant investments in the technological infrastructure, hired a capable management team, attracted a talented and diverse work-force, established a first-rate governance structure, digitized the bank, introduced innovative products and channels to better serve our customers, became a leader in sustainability, attracted significant funding, especially with DFI partners, and launched the innovative Alpher Women’s Initiative which will help us further accelerate financial inclusion.”

She wished the incoming board of directors every success for the future and look forward to seeing the Bank continue from strength to strength in servicing the financing needs of our customers.

In December 2021, the UBN notified of the execution of a Share Sale and Purchase Agreement (SSPA) between Union Bank majority shareholders; Union Global Partners Limited, Atlas Mara Limited and Titan Trust Bank Limited (TTB) and the subsequent receipt of all necessary regulatory approvals.

Join Our WhatsApp Channel

Tags: Union Bank Plc
SendShare10346Tweet6466Share
ADVERTISEMENT
Previous Post

Fidelity Bags Best SME Bank Award

Next Post

BPE Collaborates With Benue On Economic Reforms

Olushola Bello

Olushola Bello

You May Like

Ginger Farmers Lose N12bn To 2023 Blight Epidemic
Business

Investing In Ginger Farming For Export

2025/09/13
Helen: Excelling In Event Planning Industry Through Passion
Business

Helen: Excelling In Event Planning Industry Through Passion

2025/09/13
Leveraging Benefits Of AI For Nigerian Businesses
Business

Leveraging Benefits Of AI For Nigerian Businesses

2025/09/13
How Businesses Can Navigate Marketing Complexity — Expert
Business

Sustaining Profit As Small Business Owner

2025/09/13
BUA Foods Declares N111.5bn Profit After Tax For 2023
Business

BUA Foods Commits To Sugar Self-sufficiency With Backward Integration Project

2025/09/13
‘Kerojet Services Opens Will Accelerate National Growth’
Business

‘Kerojet Services Opens Will Accelerate National Growth’

2025/09/13
Leadership Conference advertisement

LATEST

Injury Rules Out Chelsea’s Delap Until December

Slavia Prague Sign Nigerian Youngster, Suleiman

Aina Sidelined For Three Months With Injury

LGs Unveil Fixtures For Zenith Bank/ Delta Principals’ Cup

UBEC Trains Bauchi Sports Desk Officers, Game Masters

Team Nigeria Aims For Medal Glory As 2025 World Athletics Championships Kick Off In Tokyo

Handball: HFN Unveils Squad For U-18 African Tourney

Tobi Amusan Slams Team Nigeria’s World Championships Kit

Draped In Power: The Unstoppable Allure Of Black

BBN S10: I Will Launch My Food Business And Cooking Show In Lagos – Big Soso

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.