Four members of the family of the Chairman of United Bank for Africa Plc, Tony Elumelu have acquired 6,434,616 ordinary shares of United Bank for Africa Plc, a move that would increase his family’s ownership of the bank.
Currently, Elumelu’s indirect holdings in UBA stand at 2,275,272,404 units of shares, from 2,185,934,184 as of December 31, 2022, while his direct shares are 194,669,555 units of shares.
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