U nited Bank for Africa has announced a change at the top, with Tony Elumelu set to step down as Group Chairman on August 21, 2026 after serving for 12 years. The bank disclosed this on Monday, explaining that the move is in line with the Central Bank of Nigeria’s rule limiting non-executive directors to a maximum of 12 years. UBA also named Emmanuel Nnorom, a current board member, as Elumelu’s replacement. Nnorom will assume office on the same day, August 21, 2026. The Board approved both appointments during its meeting on July 6, 2026. Elumelu joined the UBA Board in 2014. In that period, he helped grow the bank into a major force across Africa. Under his watch, UBA expanded to 20 countries on the continent and opened offices in four key global financial centres. The bank’s customers also grew to more than 50 million. Digital banking, governance and support for business across Africa all saw major improvements. The Board praised Elumelu’s role in shaping the bank.  “The Board app...

T he Nigerian Education Loan Fund has launched investigations into 34 tertiary institutions accused of failing to refund students whose fees were paid twice under the Federal Government’s student loan scheme. NELFUND Managing Director, Akintunde Sawyerr, disclosed this on Sunday during an interview on ARISE NEWS, saying the probe followed several complaints and petitions from affected students nationwide. Sawyerr said the agency is working with the EFCC, ICPC, NANS, internal auditors and other stakeholders to determine the scale of the infractions and ensure students get their money back. “There are about 34 institutions we are currently looking at, based on the number of petitions we have received,” he said. He explained that the problem started after President Bola Tinubu ordered an immediate rollout of the loan scheme mid-session. As a result, many students had already paid their tuition before NELFUND also paid the same fees directly to their schools, leading to duplicate payments....

G rief has hit two communities in Cross River State after police confirmed separate deaths in Ikom and Calabar within days of each other. The State Police Command said it is investigating both cases. ASP Sunday Eitokpah, the Command’s spokesperson, confirmed the incidents on Monday and Sunday. In Ikom, an argument ended in tragedy. A 36-year-old man, Charles Ekuma Eze of Etayip Community, lost his life on Friday. Eitokpah said the Ikom Division got the report at 10:37pm on July 4, 2026 from Ndifon Ndifon of Aya Street and Felix Agbor of Mankono Village. Ndifon chairs the local Task Force, while Agbor is Youth Leader of Asse-Asin Community. According to police, at about 5:46pm that day, Michael Ndifon, 42, allegedly stabbed Eze in the ribs with a dagger during a heated quarrel. People around rushed Eze to Holy Family Hospital in Ikom. Because his injuries were severe, doctors referred him to Alex Ekwueme Federal University Teaching Hospital in Abakaliki, where he later died. Police have...