United Bank for Africa has confirmed the retirement of Erelu Angela Adebayo from its Board of Directors, marking the end of her six-year tenure as a non-executive director at the pan-African financial institution.
The announcement was contained in a statement issued by the bank’s Group Company Secretary, confirming that Adebayo joined the board in August 2018 and exited after completing her service on May 4, 2026.
During her time on the board, she contributed to several strategic committees, including Audit and Governance, Credit, Risk Management, and Operations and Technology, playing a role in oversight and corporate governance functions within the bank.
The board expressed appreciation for her contributions, describing her service as impactful and wishing her success in her future endeavours.
Brandspur Banking News Desk reports that Adebayo’s departure comes at a time when UBA continues to navigate mixed financial performance trends, alongside broader efforts to strengthen governance and operational efficiency across its African banking operations.
In its most recent unaudited quarterly results, the bank reported a decline in profit before tax, even as gross earnings recorded modest growth driven by interest and non-interest income streams.
However, rising operating expenses, particularly in energy, maintenance, and operational costs, placed pressure on overall profitability during the period under review.
Adebayo brings decades of experience across governance, real estate, public service, and philanthropy, having previously served as First Lady of Ekiti State and as Chairman of Afriland Properties Plc, as well as holding board positions in multiple private and non-profit organisations.
Her academic background includes degrees from the University of Ibadan, the University of Lagos, and the University of Cambridge, further reflecting her long-standing involvement in leadership and institutional development across sectors.
UBA continues to position itself as a leading African financial institution while adjusting its board composition in line with evolving governance and strategic
