Tony Elumelu
For his empowerment programme for over 10,000 African Young Enterprenuers cutting across different countries , age , background and race
For bringing hopes to the less privileged through his Tony Elumelu Foundation
Tony Elumelu has spent millions of dollars empowering the youths of Africa who ordinarily have no one to turn to
Making them employers of labour and millionaires
Profile
Anthony Onyemaechi Elumelu CFR (born 22 March 1963) is a Nigerian economist, and philanthropist. He chairs Heirs Holdings,Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.
Born
Anthony Onyemaechi Elumelu
22 March 1963 (age 60)
Jos, Northern Region, Nigeria (now in Plateau State, Nigeria)
NationalityNigerianAlma materAmbrose Alli University,
University of LagosOccupation(s)Founder, The Tony Elumelu FoundationYears active1987–presentKnown forFounding The Tony Elumelu Foundation
In 2020, Elumelu was named on Time's list of the 100 most influential people in the world.
Early life
Childhood and family
Elumelu was born in Jos, Plateau, Nigeria, on 22 March 1963, to Suzanne and Dominic Elumelu from Onicha-Ukwu in Aniocha North Local Government Area of Delta State.
He grew up with four siblings, one of whom is Ndudi Elumelu, a minority leader in the Nigerian Federal House of Representatives. [6][7]
Education
He studied Economics at Bendel State University (now Ambrose Alli University) obtaining a Bachelor of Science with a Lower Second Class (2:2). Afterward, he studied and received a Master of Science degree in Economics at the University of Lagos.
Early career
Elumelu worked in the Nigerian Bank Union Bank as a Youth Corp member during his National Youth Service Corps in 1985, before starting his career as a salesman. Elumelu subsequently joined Allstates Trust Bank.[9] in 2005 and United Bank for Africa (UBA) was acquired afterwards.
On his early career, he has said:
I started my career as a salesman, a copier salesman to be specific, young, hungry, and hardworking, but the reality was that I was just one of the thousands of young Nigerian graduates, all eager to succeed.
In 1997, Elumelu led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank). He turned it profitable within a few years and in 2005, after being given $20 million from businessman Femi Otedola, he led one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring United Bank for Africa (UBA).
United Bank for Africa
Following the merger of Standard Trust Bank and United Bank for Africa in 2005, Elumelu led the company as Group Managing Director from a single-country banking group to a pan-African bank with subsidiaries in 20 African countries, France, the U.S and the U.K, eventually stepping down in 2010.
Elumelu currently chairs the board of the United Bank for Africa. Heirs Holdings
Aliko Dangote
For bringing to reality the building of the biggest oil refinery in Africa which will ultimately impact on the socio economic fortunes of Nigeria come 2024
2,000,000 barrels of crude oil have already been pumped into the refinery which is expected to commence full production in January 2024
For their ingenuity in the business , Tony Elumelu, Chairman of UBA and Aliko Dangote are CKNNews Business Personalities Of 2023
Congratulations