Tony Elumelu has opened up on why he stepped down as CEO of the United Bank for Africa (UBA). Recall that Elumelu is the chairman of Heirs Holdings Group. He revealed that the Central Bank of Nigeria’s (CBN) policy, which limits the tenure of bank CEOs to ten years, was a key factor in his…
Nigerian businessman and Chairman of Heirs Holdings, Tony Elumelu, has called on the government and security operatives to reveal the identities of those responsible for stealing the country’s crude oil. In an interview with the Financial Times, Elumelu stated that 18% of Nigeria’s daily crude production, amounting to 42,000 barrels, is stolen. He emphasized that…
