Monday , March 20 2023


…Promotes loyalty above competence…Staffers Resign enmasse

If anyone is still wondering why top banker, Tony Elumelu, the former Managing Director of United Bank for Africa, (UBA) made a shocking come back as the bank Chairman; such can be put to rest as DAILY VOICE NG has uncovered why he made a u-turn to the Nigerian financial institution that comfortably houses many fraudsters as staff.

DAILY VOICE NG investigations spanning three weeks led by head of Business Desk, Godspower Imoni can authoritatively report that the real reason why Elumelu returned was for him to continue to remain a dictator; while continuing to exert power and control in the bank.
DAILY VOICE NG can report that this is causing serious ripples among high ranking staffers of the bank, especially the Vice Chairman of the Bank, Amb. Joseph Chiedu Keshi , and according to our source, Elumelu’s action has limited the level of control exercised by members of the bank’s Board of Directors, bringing to a halt major banking activities.
This much we gathered if not well managed may lead to the dissolution of the bank’s board as even the Managing Director, Mr. Phillips Odouza may have no other option than to leave the bank.
As you read this, about eight top staffers of the bank have resigned; two in the Media, Marketing & Corporate Relations department, three in Legal, one in IT and two in Performance Management unit.
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, but whoever is not loyal to Elumelu doesn’t get promotion when due.
For instance, for example, two of the Media, Marketing & Corporate Relations department members who resigned recently, Ebi Akpeti and Abdul Imoyo have been in the Unit for over 8 years with no promotion but others who are loyal to Elumelu were promoted early this year.
Also, during his exit, Elumelu upon noticing his loyalty dictatorially made sure that Mr. Charles Aigbe, who was in Corporate Affairs Department under Mr. 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 tin god and will do anything to please him.
Then Charles is only one of the many people, whom Elumelu extended that preferential treatment.
That Tony Elumelu is an astute banker and a good business man is not in contention, but we learned that even while away, he has been 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.
Not hundred percent satisfied, he (Elumelu) decided to come in fully to achieve his secret unfulfilled ambition.
Our 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 seems to have been compelled to sign a binding agreement with Elumelu to run the bank according to Elumelu’s wish”, stated our source.
DAILY VOICE NG contacted Charles Aigbe to enable him respond to our enquiries but there was no response as at press time.
Keep a date with us as we unravel more hidden facts to this development.

Source: Daily Voice NG

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