Union Bank appoints Udoma chairman

Category: Business Published on Tuesday, 26 February 2013 06:00

Union Bank of Nigeria has appointed Senator Udoma Udo Udoma as the new chairman of the board of directors.

The bank also named John C. Botts, Cyril Akporuere Odu, Douglas Tawanda Munatsi and James Macarthur as the new non-executive directors

Udoma who took over from Richard Kramer is currently the senior partner of Udo Udoma and Belo-Osagie, a corporate law firm, established by him in 1983.

He is currently Chairman of UAC of Nigeria Plc and a Director of Unilever Nigeria Plc. He also Japan’s Honorary Consul in Lagos.

He was at various times served as Special Adviser to the Minister of Petroleum and Mineral Resources.

He was also a Non-Executive Chairman of the Securities and Exchange Commission (SEC); and Chairman of the Federal Government Task Force to promote the passage into law of the Petroleum Industry Bill (PIB).

Senator Udoma is a lawyer by training, a seasoned Politician and accomplished Legal Consultant.

John C. Botts, representing Corsair Capital is currently a Senior Advisor with Allen & Company, London, Corsair Capital, London, Director and Chairman of the United Business Media Limited and Botts and Company Limited, a London based corporate finance and private equity investment company founded in 1987 in association with Allen and Company in New York.

Cyril Akporuere Odu, representing Africa Capital Alliance, was until recently Vice Chairman of the Board of Mobil Producing Nigeria and CFO for Exxon Mobil Upstream Companies in Nigeria.

Douglas Tawanda Munatsi, representing Africa Development Corporation has been the Chief Executive Officer of African Banking Corporation (ABCH) as the founding CEO since 2000 where he has succeeded in creating the ABC Group operating in five countries.

James Macarthur, representing the Richard Chandler Corporation, a chartered Accountant of Scotland and U.K, joins the Board from the Singapore based Chandler Corporation where he is the Head of Investments.