Chief Israel C. Ogbue, former Chairman of the Bank, died peacefully on February 19, 2026, at the age of 99.
Chief Ogbue was a devoted family patriarch and mentor. He was the father of Dr. Awele Elumelu and the father-in-law to the Group Chairman of UBA Group, Tony Elumelu. 
Chief Ogbue was a revered boardroom statesman and a distinguished administrator. He devoted over six decades of his life to service in Nigeria’s public and private sectors, leaving behind an enduring legacy of integrity, discipline, and institutional excellence.
He was born on February 18, 1927, in Onicha-Olona, Delta State, Chief Ogbue’s professional journey began in the Federal Civil Service before he traveled to the United Kingdom for further studies.
Chief Israel C. Ogbue Career and Legacy
He built an accomplished career that saw him rise through the senior management ranks at the National Insurance Corporation of Nigeria (NICON), where he served with distinction until his retirement in 1988. His reputation for governance expertise subsequently earned him appointments to the boards of several leading institutions, including UBA.
Chief Ogbue joined the UBA Board in 2005 as a Non-Executive Director and was later appointed Chairman in 2011, a role he held with dignity and strategic foresight until his retirement in 2013.
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During his tenure, he provided steady and principled leadership at a defining period in the Bank’s transformation, reinforcing a culture of strong corporate governance, accountability, and long-term sustainability that continues to guide the institution today.
Known for his humility and deep faith, he often attributed his longevity to God’s grace, advising younger generations to pursue ambition with moderation, remain steadfast in adversity, and place their trust in God.
“UBA Group extends its heartfelt condolences to his children, grandchildren, extended family, friends, and associates. We celebrate a remarkable life of service, wisdom, and impact, and we honor his invaluable contributions to UBA and to Nigeria’s corporate landscape,” the bank said in a statement on Wednesday.
Chief Ogbue is survived by his wife, children, and grandchildren.
Funeral arrangements will be announced by the family in due course.
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