Tony Elumelu, a prominent Nigerian entrepreneur and chairman of United Bank for Africa (UBA), is poised to receive a dividend payment of N1.68 billion from the bank. This substantial payout reflects his significant shareholding in UBA, one of Nigeria’s leading financial institutions.
The dividend announcement underscores UBA’s strong financial performance and its commitment to rewarding shareholders. Elumelu, a key figure in African business and philanthropy, continues to play a pivotal role in shaping the continent’s economic landscape through strategic investments and leadership in the financial sector.