Who’s Who in Corporate Nigeria: Tony O. Elumelu
WHO’S WHO IN CORPORATE NIGERIA
TONY ONYEMAECHI ELUMELU
CURRENT POSITION
Chairman, Heirs Holdings; Chairman and Founder, The Tony Elumelu Foundation; Chairman, Transcorp Plc; Chairman, UBA Group.
PAST POSITIONS
CEO, United Bank for Africa
CEO, Standard Trust Bank
EXPERTISE
Strategy | Philanthropy | Leadership | Venture Capitalism.
EDUCATION
B.Sc. Bendel State University (now Ambrose Alli University); M.Sc. Economics, University of Lagos. An alumnus of Advanced Management Programs at IMD and HBS.
OTHER POSITIONS HELD CURRENTLY
Member Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4LL) and USAID Private Capital Group for Africa Partners Forum. A Co-chair Aspen Institute Dialogue Series on Food Security
JarusHub One-Line Description
Africa’s Bill Gates.
JarusHub’s Remarks
The first generation of superbankers include Subomi Balogun, late Oladele Olasore, etc. The second generation started with the 1989-1991 set of bank founders like Jim Ovia, Erastus Akingbola, Fola Adeola, Tayo Aderinokun, Atedo Peterside and others. Some new guys joined the scene in the mid-90s. Tony Elumelu was one of them. Tony dazzled with his approach to banking via his Standard Trust Bank. More daring, during the consolidation exercise of 2004/2005, despite STB identity being subsumed into a much bigger UBA, Tony emerged as CEO of the enlarged entity, which he ran until CBN Governor Sanusi’s tenure-limit policy ended the tenure.
Tony has gone ahead to focus on other investments and he has also been actively supporting entrepreneurship drive in Africa since his retirement from CEOship of UBA.
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