Tony Elumelu’s Exertion Of Power Grinds UBA Board Of Directors +How He Installed Loyalists In Key Positions

Tony Elumelu (Former MD, UBA)

Forget the show offs being put up by the management of United Bank of Africa, UBA, we can authoritatively confirm that all is not well with the bank at the moment. Aside the fact that the bank ranks
among top banks which comfortably houses criminals, checks have revealed that former MD, Tony ELumelu’ still exerts power and control in the bank and its causing serious ripples among high ranking staffers of the bank, and as stated by our eye inside, Elumelu’s action has limited the level of control exercised by members of the bank’s Board of Directors, bringing to a hold major banking activities.
That Tony Elumelu is an astute banker and a good business man is not in contention, but we learned that he is seriously interfering into the day-to-day activities of the bank from management level to floor level, a development that sees him manipulating things from the outside.
Yanribo’s  private checks revealed that the current MD of the bank, Philips Oduoza has little or no say in decision making, but was installed there as a figure head. “Oduoza at the verge of any strategic decision first consults Elumelu secretly to get his side before anything is done. Not that it goes down well with him, but he seem to have been compelled to sign a binding agreement with Elumelu to run the bank according to Elumelu’s wish”, stated our source.
When this magazine conducted a private investigation on this subject, it was discovered that, prior to his exit as the managing director of the bank, Tony ELumelu installed his loyalists in key position, to afford him total control of daily activities in the bank. We also discovered that all Elumelu’s loyalists were promoted and given top clearances to enable them access classified information, so as to feed him with reports regularly.
For instance, during his exit, Elumelu upon noticing his loyalty, made sure that Charles Aigbe, who was in corporate Affairs department under Martins Anyanwu was promoted and made the Corporate Affairs manager, which eventually gives him access to vital management information. Till date, not only is Charles loyal to Elumelu, he adores him like a god and will do anything to please him. Charles is only one of the many people, whom Elumelu extended that preferential treatment.  In our next report, we shall bring you more details on this subject and much more, stay tuned…