Davido has joined the growing list of Nigerians celebrating Tony Elumelu. The Afrobeats star reacted after the billionaire businessman announced his planned exit as UBA Group Chairman.
LAGOS, NIGERIA — Davido, whose real name is David Adeleke, has celebrated Tony Elumelu following the announcement that the billionaire entrepreneur will step down as Group Chairman of United Bank for Africa (UBA) on August 21, 2026. The singer shared his reaction shortly after news of Elumelu’s planned exit gained public attention.
According to reports, Elumelu informed stakeholders that he will conclude his tenure as Group Chairman of UBA on August 21, 2026, ending a significant chapter in the bank’s leadership. The announcement has attracted congratulatory messages from business leaders, public figures and admirers who praised his contributions to Nigeria’s banking sector.
Davido also paid tribute to the outgoing chairman with a brief but heartfelt message on social media. The award-winning singer wrote, “Nah Man U Be,” a popular Nigerian expression used to applaud someone’s achievements and character. His post quickly drew reactions from fans, many of whom also congratulated Elumelu on his years of service and leadership.
Elumelu has led UBA through years of expansion across Africa and international markets. Beyond banking, he has earned recognition for promoting entrepreneurship through the Tony Elumelu Foundation, which has supported thousands of young African entrepreneurs with funding, mentorship and business training. His influence in finance and philanthropy has made him one of Nigeria’s most respected business leaders.
The announcement of his retirement marks the end of a notable era for UBA, one of Africa’s leading financial institutions. Market observers and stakeholders will now watch closely as the bank prepares for a leadership transition and the appointment of a new chairman.
The development means UBA will begin a new phase of corporate leadership after Elumelu’s departure. Industry analysts expect the transition process to attract attention from investors, customers and regulators as the bank seeks to maintain stability, strengthen investor confidence and continue its growth strategy across Nigeria and other African markets. Meanwhile, tributes from prominent Nigerians, including Davido, reflect the lasting impact Elumelu has made on business, entrepreneurship and economic development.
