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Biography of Tony ELUMELU

Nigeria > Arts : Tony ELUMELU

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Biography :

Tony Elumelu (b. in 1964) is the Group Managing Director /Chief Executive of United Bank for Africa (UBA).He is one of the most outstanding African entrepreneurs.

In November 2006, he won the "African Business Leader of the year award". October 2007, UBA and Tony Elumelu won The" Emerging Global Bank award,".UBA won the award in recognition of the bank's global expansion plans beyond Nigeria to other parts of Africa. The bank, which in addition to Ghana has obtained regional banking licenses in East and Central Africa, is determined to make true its vision of being a role model for African businesses.
 Tony Elumelu is also President of the West African Bankers Association (WABA), Chairman of Board of ValuCard Nigeria Plc, and a board member of Central Securities Clearing Systems Limited (CSCS - a subsidiary of the NSE) and United Bank for Africa (Ghana) Limited among many others. He is strongly afro-centric and is driven by his vision of creating an institution which will be "a role model for African business". I believe he has achieved this vision.He built his career & succes through hard work and dedication.

He holds honours degree at both graduate and post-graduate levels in Economics. Tony obtained additional academic exposures from the prestigious business schools of Harvard, USA and IMD, Lausanne, Switzerland.

Mr. Elumelu is great role model for young Africans today.”
he well-read Elumelu came into the banking industry prepared. First, he bagged a Bachelor’s degree in economics from the   Bendel    State    University    (now   Ambrose    Alli    University   ). Thereafter, he proceeded to the   University   of  Lagos    for a Master’s degree programme also in economics. Years later he attended courses at the famous   Harvard Business School  ,  USA   . He is an alumnus of both the Singapore Institute of Management (SIM) and the International Institute of Management Development (IMD)   Lausanne      Switzerland   .

The STB boss began his banking career with Union Bank of Nigeria plc as a Youth Corps member in 1985. Having cut his career teeth, the young man moved to AllStates Trust Bank (1988-1995) where he held various important positions. He left core banking briefly in 1995 to become executive director of Linkage Assurance  Company and chief executive of BGL Limited; an asset management  company.

Before long, he returned to mainstream banking operation as executive director, Continental Trust Bank Limited, a position he relinquished in 1995 to join STB as managing director. He is also a director of ADIC and Standard Global Services Limited and Chairman of STB Capital Markets and Verticom Wireless, Flame Petroleum and Gas Limited; Standard Alliance Insurance Company Limited; all subsidiaries of STB.

In 1999, Elemelu was appointed into Nigerian Presidential Policy Advisory Committee.  , he was made member of the Federal Government Privatisation Council Sub-committee (on basic metals). And only a few months ago, he   served on the Presidential Committee on Interest Rate Moderation in the economy.

Tony Elumelu is married to Vivian Awele, a medical doctor and specialist pediatrician.


"the future is Africa and together we will create the Age of Africa; the age when Africa will be known in other spheres of human endeavours beyond crime, squalour, war and diseases; when African companies, led by African entrepreneurs can take centre stage in the global corporate arena. I hope we'll all play a role in making this a reality in our life time.

"As a child, as a student, as a young professional and now as an entrepreneur, Africa has always been the centre of my dreams, my aspirations and my prayers"

Last update : 06/23/2008

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