Union Bank of Nigeria Plc has appointed Mr. Cyril Odu as Chairman of the Board of Directors following the resignation of previous Chairman, Senator Udoma Udo Udoma, who was recently appointed Minister of Budget and National Planning by President Muhammadu Buhari. Mr. Odu joined the Board of Union Bank in 2012 following a $500 million (USD) investment in the Bank from Union Global Partners Limited, Mr. Odu has of professional and management experience. His distinguished career at ExxonMobil saw him rise from Trainee to Vice Chairman of the Board of Mobil Producing Nigeria and Chief Financial Officer of ExxonMobil Upstream Companies in Nigeria, making him the highest ranking Nigerian in the organisation until his retirement in 2012.

During the span of his career at ExxonMobil, he served in many technical and managerial functions including Associate Geologist, Treasurer, Controller, Project Finance Director (Europe, Middle East and Africa), Country HR Manager, and General Manager, Planning and New Business Development. Prior to his appointment as Chairman of Union Bank, Mr. Odu was the Chairman of the Bank's Risk Management Committee and also served on the Finance and General Purpose Committee and Credit Committee.