Nigeria, Feb. 19 -- United Bank for Africa (UBA) Plc has announced the death of its former chairman, Israel Ogbue.

Mr Ogbue, 99, died on Thursday, the bank said in a statement.

"He 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."

Read the full statement below.

The Board of Directors, Management and Staff of United Bank for Africa (UBA) Plc announce with deep sorrow the passing of Israel C. Ogbue, former chairman of the bank, who died peacefully today at the age of 99.

A revered boardroom statesman and distinguished administrator, Chief Ogbue devoted over six decades of his life to service in Nigeria's p...