Godson Chukwuemeka Okonkwo Increases Stake in Union Bank

The Chief Executive Officer of Union Bank Plc, Godson Chukwuemeka Okonkwo, has once again increased his interest in Union Bank Plc, according to the statement from management.

The CEO bought an additional 1,519,957 shares of the bank between 5th and 17th of August 2021. The transaction took place at the Nigerian Exchange Ltd trading floor in Lagos, Nigeria.

Godson Chukwuemeka Okonkwo purchased the 1,519,957 shares at N5.21 a share. Meaning, Mr. Okonkwo invested an additional N7,918,975.97 in the bank to further established his confidence in the future of the organisation.

It will be recalled that the CEO scooped 2,431,917 shares of Union Bank at N4.90 per share on Thursday 6th May 2021. Therefore, Mr. Okonkwo has invested a total of N19,834,975.97 in the bank in the last six months. See the details of latest transaction below.

Godson Chukwuemeka Okonkwo Profile

Emeka Okonkwo was appointed Chief Executive Officer of Union Bank in April 2021. He joined Union Bank in 2013 as an Executive Director to lead the Corporate Banking and Treasury business.  

As the Bank embarked on its transformation, he was responsible for rebuilding the business and strategically positioning Union Bank for success in the Corporate Banking space. Mr. Okonkwo began his career at Citibank Nigeria where he rose from officer level to become Executive Director in charge of Commercial Banking and Global Subsidiaries in 2009. 

At Citibank, he worked across various disciplines including Corporate Finance, Credit Risk Management, Marketing, Treasury and Strategic Management in Nigeria and London. Prior to joining Union Bank, he was the Head of the Corporate and Investment Banking Division in Citibank Bangladesh. 

Emeka Okonkwo has a bachelor’s degree in Civil Engineering from the University of Nigeria, Nsukka; an MSc in Construction Management from the University of Lagos and an MBA from Warwick Business School, UK.