 However, he was later named the new Minister of Cooperatives and Supplies (1976).In 1978, he left the cabinet and was made executive vice-chairman, managing director, and CEO of the United Bank for Africa (UBA).He held the office until 1988, and was a major financier of the 1979 presidential election, which brought the National Party of Nigeria to power in the Second Republic led by President Shehu Shagari.