United Bank for Africa Plc announced a new operational structure, which will see it deepen its operations in Nigeria and its African subsidiaries. The new structure entails the splitting of its operations into two broad divisions - UBA Nigeria and UBA Africa - and the appointment of CEOs and Deputy CEOs for both markets. The new structure is effective May 1, 2014. The structure entails the splitting of its operations into two broad divisions, UBA Africa and UBA Nigeria with their respective CEOs who will report to the Group Managing Director/CEO.

Kennedy Uzoka, Deputy Managing Director, has been appointed as the Chief Executive Officer, UBA Africa while Emeke Iweriebor, an Executive Director, has been appointed UBA Africa Deputy CEO, Retail Bank; and Oliver Alawuba is now UBA Africa Deputy CEO, Wholesale Bank. Also, the new UBA Nigeria Division of the Group which will be managed by Mr. Apollos Ikpobe, Deputy Managing Director, DMD, Domestic Bank, will consolidate all of UBA's Nigerian businesses into a single division and will comprise all the Regional Banks in Nigeria, Corporate Bank, Energy Bank, and UBA Pensions. Ms. Obi Ibekwe, formerly Executive Director, Human Resources and Customer Service will serve as the Executive Director, Resources overseeing Human Resources, Customer Service, Corporate Services and Procurement.