Union Bank of Nigeria Plc has appointed Senator Udoma Udo Udoma as the new chairman of the board of directors. The bank also named John C. Botts, Cyril Akporuere Odu, Douglas Tawanda Munatsi and James Macarthur as the new non-executive directors. Udoma who took over from Richard Kramer is currently the senior partner of Udo Udoma and Belo-Osagie.

He is currently Chairman of UAC of Nigeria Plc and a Director of Unilever Nigeria plc He also Japan's Honorary Consul in Lagos. John C. Botts, representing Corsair Capital is currently a Senior Advisor with Allen & Company, London, Corsair Capital, London, Director and Chairman of the United Business Media Limited and Botts and Company Limited. Cyril Akporuere Odu, representing Africa Capital Alliance, was until recently Vice Chairman of the Board of Mobil Producing Nigeria and CFO for Exxon Mobil Upstream Companies in Nigeria.

Douglas Tawanda Munatsi, representing Africa Development Corporation has been the Chief Executive Officer of African Banking Corporation (ABCH) as the founding CEO since 2000 where he has succeeded in creating the ABC Group operating in five countries. James Macarthur, representing the Richard Chandler Corporation joins the Board from the Chandler Corporation where he is the Head of Investments.