First on USAfrica: Tony Elumelu, UBA’s ex-CEO returns to UBA as Chairman


First on #USAfrica: Tony Elumelu, UBA’s ex-CEO returns to UBA as Chairman

Special to USAfricaonline.comCLASSmagazine,  and USAfrica multimedia networks, Houston. Follow USAfrica at , and

USAfrica, Houston; Sunday August 24, 2014: Tony Elumelu, a creative banker, investor and philanthropist is returning, USAfrica and can report first and Exclusively, to his banking roots at the United Bank of Africa (UBA).

Tony Elumelu pix via
Tony Elumelu pix via

Elumelu who was at the U.S-Africa Summit in Washington DC mid-August 2014 left the same UBA in 2010 — as its Chief Executive Officer, after transforming it into one of Africa’s foremost banks. He left as a consequence of the financial regulation/law by the late former President Alhaji Umaru Musa Yar’Adua which limited the number of years major Nigerian bank CEOs are allowed to hold such position.

He is the Chairman of Heirs Holdings and the Tony Elumelu Foundation. In his words: “Heirs Holdings is a Pan-African investment company headquartered in Lagos, Nigeria, which operates in strategic sectors of industry including banking, hospitality, agribusiness, healthcare, power and energy. We take a long-term view in order to unlock value for our shareholders and to have a catalytic effect in propelling Africa’s economic development.”
USAfrica news index show that Heirs Holdings holds the commanding equity position in the Nigerian conglomerate investments corporation Transcorp. Elumelu serves as chairman of Transcorp — where in November 2013 he, reportedly, made almost $123 million from his mix of interests in Nigeria’s Transcorp within 25 days.
Meanwhile, Mr. Elumelu who was awarded the Nigerian national honor of ‘Commander of the Order of the Niger, CON’, has announced that four former African leaders have been awarded grants by the Tony Elumelu Foundation. The recipients include Elumelu’s close friend Nigeria’s former President retired Gen. Olusegun Obasanjo through the Olusegun Obasanjo Foundation, the Kofi Annan Foundation, the John A. Kufuor Foundation, , and the Thabo Mbeki Foundation.

Elumelu, born in March 1963, is well-connected across the international financial and political networks in Nigeria, the U.S and Europe.
By Chido Nwangwu, Founder & Publisher of Houston-based USAfrica multimedia networks and the 1st African-owned, U.S.-based professional newspaper published on the internet
Follow him on Twitter @Chido247. USAfrica will provide updates across our platforms about this breaking business news.


USAfrica, CLASSmagazine and are assessed by the CNN and The New York Times as the largest and arguably the most influential African-owned, U.S-based multimedia networks. USAfrica established May 1992, first print edition of USAfrica magazine published August 1993; USAfrica The Newspaper on May 11, 1994; CLASSmagazine on May 2, 2003; www.PhotoWorks.TV in 2005. VIDEO of the CNN International broadcast of its profile of USAfrica

VIDEO #CNN special #CHIBOK Girls n #BokoHaram Live intvw wt the Founder of USAfrica multimedia and public policy networks Chido Nwangwu. CNN anchors John Berman n Michaela Pereira.  

VIDEO of the CNN International broadcast/profile of USAfrica and CLASSmagazine Publisher Chido Nwangwu.  




Forthcoming 2014 BOOK: In this engaging, uniquely insightful and first person reportage book, MANDELA & ACHEBE: Footprints of Greatness, about two global icons and towering persons of African descent whose exemplary lives
Mandela-n-Achebe-by-Chido-book-frontcover-Lrs and friendship hold lessons for humanity and Africans, USAfrica Founder Chido Nwangwu takes a measure of their works and consequence to write that Mandela and Achebe have left “footprints of greatness.”


He chronicles, movingly, his 1998 reporting from the Robben Island jail room in South Africa where Mandela was held for decades through his 20 years of being close to Achebe. He moderated the 2012 Achebe Colloquium at Brown University in Providence, Rhode Island.“I’ll forever remember having walked inside and peeped through that historic Mandela jail cell (where he was held for most of his 27 years in unjust imprisonment) at the dreaded Robben Island, on March 27, 1998, alongside then Editor-in-chief of TIME magazine and later news chief executive of the CNN, Walter Isaacson (and others) when President Bill Clinton made his first official trip to South Africa and came to Robben Island. Come to this island of scourge and you will understand, in part, the simple greatness and towering grace of Nelson Mandela”, notes  Chido Nwangwu, award-winning writer, multimedia 
specialist and founder of, the first African-owned U.S-based newspaper published on the internet, in his first book; he writes movingly from his 1998 reporting from South Africa on Mandela.

  Dr. Chido Nwangwu, moderator of the Achebe Colloquium (Governance, Security, and Peace in Africa) December 7-8, 2012 at Brown University in Rhode Island and former adviser on Africa business/issues to the Mayor of Houston, is the Founder & Publisher of Houston-based USAfrica multimedia networks since 1992, first African-owned, U.S-based newspaper published on the internet; CLASSmagazine,, the USAfrica-powered e-groups of AfricanChristians, Nigeria360 and the largest pictorial events megasite on the African diaspora www.PhotoWorks.TV . He was recently profiled by the CNN International for his pioneering works on multimedia/news/public policy projects for Africans and Americans.         e-mail: wireless 1-832-45-CHIDO (24436).

IF any of the Nigerian President’s 100 advisers has the polite courage for the extraordinary task of reminding His Excellency of his foremost, sworn, constitutional obligation to the national interest about security and safety of Nigerians and all who sojourn in Nigeria, please whisper clearly to Mr. President that I said, respectfully: Nigerians, at home and abroad, are still concerned and afraid for living in what I call Nigeria’s Federal Republic of Insecurity. FULL text of commentary, exclusively, at

USAfrica: BOKO HARAM’s latest killings sharpen divide for security team at Nigeria’s presidency. By Chido Nwangwu

Dancing with “ghosts” of BOKO HARAM, President Jonathan, Sultan Abubakar and Nigeria’s national security. By Dr. Chido Nwangwu


Margaret Thatcher, Mandela and Africa.  By Chido Nwangwu, Founder & Publisher of USAfrica, and the first African-owned, U.S-based newspaper published on the internet Click for newscast video of London-based SkyNEWS, the global, 24-hour British international tv network’s interview with USAfrica’s Publisher Chido Nwangwu on April 11, 2013 regarding this latest commentary )

There’s a compelling political trinity to Nelson Mandela: the man, the messiah and the mystique.