Akinyemi former Group Deputy Managing Director of UBA joins Transcorp Hotels board

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp), has appointed Muyiwa Akinyemi as an Independent Non-Executive Director to its Board of Directors, with effect from April 1, 2026.

Akinyemi recently served as Group Deputy Managing Director of United Bank for Africa (UBA) Plc, with oversight for the bank’s Nigeria-wide business operations, comprising Corporate, Business Banking, and Retail divisions.

His appointment reinforces Transcorp Hotels Plc Board’s commitment to deepening its strategic, financial, and governance expertise, driving sustainable value for its shareholders as the Company continues to expand its leadership in African luxury hospitality.

Speaking on the appointment, Awele Elumelu, Chairman of the Board of Transcorp Hotels Plc, said: “We are pleased to welcome Mr. Akinyemi to the Board of Transcorp Hotels Plc, as we embark on our strategic expansion phase. He is a seasoned executive whose exceptional record of building and scaling financial and business operations across Africa speaks for itself. We look forward to benefiting from his counsel and experience.”

Akinyemi’s appointment will be ratified at the next general meeting of the shareholders of the Company. He brings to the Board a distinguished career spanning over three
decades across Nigeria’s financial services sector, including wholesale and retail banking, investment banking, capital markets, and strategic business leadership.

An Associate of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of both the Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers, Akinyemi holds a B.Sc. in Accounting from Obafemi Awolowo University, Ile-Ife.

He has also undertaken advanced
executive programmes at the University of Chicago Booth School of Business,
Cambridge University, and Harvard Business School, among others.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.