Connect with us

News and Report

UBA INAUGURATES GROUP BOARD FORUM

Published

on

Following a 3-day Forum which was held in Lagos, Nigeria between April 6 & 8, 2016, United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing.

90 participants comprising of the entire Board of United Bank for Africa PLC(UBA), Chairmen and CEOs of UBA subsidiaries in Africa and the United Kingdom, Group Strategic Business and Support Heads, amongst other special invitees and guest facilitators, were in attendance.

The Group Forum serves as an interactive platform for knowledge sharing on issues ranging from Corporate Governance, Institutional History, Board Effectiveness, Brand Projection, Empowerment and Accountability amongst others.

Speaking during the Forum, Elumelu said, “As long term investors and Africa enthusiasts, we are committed to the markets in which we operate and to the wider African economy. We will continue to work with credible partners and governments across Africa to identify and develop those critical growth poles required for the sustainable development of all African economies”.

The maiden forum coincided with the 54th Annual General Meeting (AGM) of UBA which held on April 8, 2016. Participants were also able to celebrate the Bank’s stellar financial performance and the staff who made this possible at the annual UBA CEO Awards ceremony, which was held the next day.

The Group Board Forum resolved to reposition UBA as the leading pan-African Bank across all key indices – brand equity, human capital, customer service and profitability whilst also inculcating a culture of responsiveness in UBA. Other top of the agenda items included Know Your Customer (KYC) and Anti-Money Laundry (AML) policies and compliance standards across the Group. There was a general agreement among participants that there will be zero tolerance for any regulatory infraction across all operations.

UBA reported credible financial results in 2015 in what all recognize was a challenging macro environment. Gross earnings were N315bn whilst operating profits stood at N69bn. UBA Africa operations currently contribute about 25% of these earnings but are poised to contribute much more and should over time account for as much as 50% of overall Group profitability.

For this to happen “we must inculcate a culture that enforces individual accountability, a high sense of urgency and a customer first orientation in getting things done. Responsiveness and accountability are key attributes of High Performing Organizations” Elumelu said.

Continue Reading
Advertisement

News and Report

State of Emergency in Rivers: Akpabio, Dickson in heated argument

Published

on

By

The President of the Nigerian Senate, Godswill Obot Akpabio and Senator Seriake Dickson were, on Thursday, locked up in a heated argument over the provision of Senate Rules in the handling of debate on the State of Emergency in Rivers State.

As the Senate convened for plenary, Leader Michael Bamidele Opeyemi moved a motion for the Order Paper to be re-ordered to enable the Senate to handle the debate on the state of emergency before any other motion itemized for legislative action.

As Bamidele stood to point out the relevant order, Seriake Dickson\, representing Bayelsa Central Senatorial District and former governor of Bayelsa State raised a point of order, to which Akpabio was hesitant to oblige.

The angry Akpabio reminded Seriake Dickson in a witty manner, how he watched him on television saying he would not go the way of the Senate on the state of emergency in Rivers, even as Dickson insisted on getting the Senate President’s attention through a point of order.

Akpabio said: “Senator Seriake Dickson, let’s not argue, if we argue it won’t be good for any of us.

“We are all distinguished people, you were a former governor, I was a former governor. Please turn off your mic and sit down. I watched you on television. You said, whatever the Senate does, the Senate will never go with you.

“I said you said whatever the Senate does, the Senate will never have your vote.

“I don’t know but if you have already made up your mind to go on television when the Senate has not done anything or considered any issue, I am not arguing with you, but I say, please allow me to preside.

Replying to the Senate President, Seriake Dickson said: “Mr Senate President, you know we must have mutual respect for all our colleagues, and I do have regard for you, particularly, as our presiding officer and I think that should be reciprocal.”

Dickson said the point of order he raised was to draw the attention of Senators to the provision on the need to first break into a closed-door meeting.

The motion to close the door was immediately raised by the Senate Leader and seconded by the minority leader, Senator Abba Moro and the Senate went into a closed-door session.

https://x.com/i/status/1902686188504252855

Continue Reading

News and Report

Death toll in Abuja CNG tanker explosion rises to eight

Published

on

By

The Federal Capital Territory (FCT) Emergency Management Department has confirmed that the death toll from the Abuja truck explosion has risen to eight.

The accident, which occurred on Wednesday evening near Karu Bridge along the Abuja-Keffi Expressway, involved a Compressed Natural Gas (CNG)-laden truck and multiple vehicles.

Acting Director General of the FCT Emergency Management Department (FEMD), Abdulrahman Mohammed, provided the update on Thursday while addressing journalists at the scene.

Earlier, the FCT Police Command, through a statement signed by its spokesperson, SP Josephine Adeh, reported six fatalities and the destruction of 14 vehicles in the explosion. However, Mohammed clarified that among the initial six casualties, four were burned beyond recognition. Two additional victims, who were initially rescued, succumbed to their injuries on Thursday morning, bringing the total fatalities to eight.

“Five people were confirmed dead at the scene yesterday. One more passed away later, making six. Then this morning, after further checks, we discovered that two more had died, bringing the total to eight. Four of the victims from yesterday were burned beyond recognition,” he explained.

He also confirmed that 30 others were receiving medical treatment at various hospitals across the FCT. According to him, eight victims are being treated at Karu General Hospital, 10 at Customs Hospital, 11 at the National Hospital, and one at Aso Clinic.

Mohammed further stated that officials were checking other hospitals, including Asokoro Hospital, to verify if additional victims had been admitted.

Continue Reading

News and Report

Sirajo Jaja, Bauchi accountant-general in EFCC custody for ‘N70bn fraud’

Published

on

By

Sirajo Jaja, the accountant-general of Bauchi State is currently in the custody of the Economic and Financial Crimes Commission (EFCC) for alleged fraud.

Jaja, was arrested alongside one Aliyu Abubakar, an unlicensed bureau de change (BDC) operator, and Sunusi Ibrahim Sambo, a point of sale (PoS) operator.

The three individuals were apprehended in Abuja on Wednesday, with investigations pointing to a massive fraud involving the diversion of public funds and money laundering amounting to N70 billion.

EFCC spokesperson Dele Oyewale confirmed the arrests, and sources within the commission revealed that the investigation centers on the alleged movement of N59 billion, which was withdrawn from various bank accounts opened by Sirajo Jaja on behalf of the Bauchi State government.

The funds were allegedly funneled through Abubakar and Sambo, who made cash payments to political party agents and associates of Bauchi State Governor Bala Mohammed.

Additionally, Abubakar, who had previously jumped bail, was rearrested in connection with the case.

The EFCC is also looking into Governor Bala Mohammed’s involvement in the scandal.

Continue Reading

Trending