The board and management of tier one lender, United Bank for Africa Plc (UBA) – in a notification to the Nigerian Stock Exchange and the investing public – has announced the retirement of a non-Executive Director, Chief Kola Jamodu.
Jamodu’s retirement follows the expiration of his tenure on the board which was effective from January 28, 2019.
About Chief Kola Jamodu
A Chartered Accountant (FCA), Chief Jamodu is also a fellow of the Chartered Institute of Management Accountants, London (FCMA), Chartered Institute of Taxation of Nigeria (FCIT), and the Institute of Chartered Secretaries and Administrators of Nigeria (FCIS).
His work experience spans the multinational sector in Nigeria, having worked in UAC, Unilever and PZ Industries where he rose to the position of Chief Executive and later appointed as the Chairman, thereby combining the position of the Chairman/Group Chief Executive of the Group.
He is an alumnus of the Harvard Business School and a former Minister of Industry in Nigeria. Chief Jamodu is a former President of the Manufacturers Association of Nigeria (MAN). He is currently the Chairman of the Boards of Nigerian Breweries Plc and PZ Cussons Nigeria Plc. He is a recipient of National Merit Awards including Member of the Order of the Federal Republic of Nigeria (MFR), Officer of the Order of the Federal Republic of Nigeria (OFR) and Commander of the Order of the Federal Republic of Nigeria (CFR). He is also a recipient of the National Productivity Merit Award (NPMA).
The bank’s Q3 2018 results show that interest income witnessed a 12.6% increased from N238 billion in 2017 to N268 billion. Profit after tax also increased by 1.14% from N60.9 billion in 2017 to N61.6 billion.
UBA Plc is currently trading N7.35 on the floor of the Nigerian Stock Exchange (NSE).