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UBA Launches United Arab Emirates, Dubai-DIFC Branch

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expanded footprint to the United Arab Emirates now with UBA Dubai – DIFC

…now 24 countries, four continents
Olushola Okunlade Writes This storyline must not be duplicated in any medium or news blog
The United Bank for Africa, (UBA) launched the United Arab Emirates (UAE), UBA Dubai – DIFC branch on Thursday, July 14, 2022.
United Bank for Africa Plc, UBA is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. Now has subsidiaries in 20 African countries and offices in London, Paris, New York, and Dubai.
In December 2021, UBA received its banking license to commence operations in the United Arab Emirates (UAE). The Nigerian tier-1 bank is extending its operations to the oil-rich Middle East country with the official launch of its new branch at the Dubai International Financial Centre (DIFC) in Dubai.
On Thursday, the bank took a step further as Africa’s Global Bank in connecting Africa to the world with the official ribbon cutting and launch of UBA Dubai – DIFC.

This historical milestone is a testament to our vision to remain Africa’s number one financial institution committed to advancing the cause of Africa on the global stage.

The bank in its statement said “the birth of UBA DUBAI “ is in line with our vision: global in outlook and competence, African by heart and knowledge, and a bridge to the world economy. Over the years, the Gulf, especially the UAE has become an important hub for global trade and also a trade gateway for Africa.

UBA DUBAI will serve our customers across the Middle East with a core focus on correspondent banking, trade & Treasury, whilst harnessing the opportunities the region has to offer to unlock our untapped economic potential and support the next phase of our continent’s development.

Speaking about the unveiling of the new branch, Tony Elumelu, Group Chairman, United Bank for Africa, said what started as an ambitious dream is today a reality as the bank has expanded its operations beyond Africa, the United States, and Europe to the United Arab Emirates. He tweeted, “Dubai’s strategic position as a thriving global trade hub at the intersection of Asia, Europe, and Africa makes it an ideal market for our 35 million+ customers to leverage their businesses and boost their global footprint.”

In attendance at the event to mark this was the Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority, Mr. Arif Amiri; UBA Group Chairman, Tony O. Elumelu, CON, GMD/CEO Kennedy Uzoka, Board of Directors, Executive Management, the CEO of the UBA Dubai – DIFC – Vikrant Bhansali, CFA, and other esteemed guests.

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Degree mills: FG to flush out fake certificate holders

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The Minister of Education, Prof. Tahir Mamman has pledged to flush out persons in public and private organisations working with fake certificates.

Mamman made this known while speaking in Abuja on Friday when he received the report of an Inter-Ministerial Investigative Committee on Degree Certificate Milling from the Chairman of the committee , Prof. Jubrila Amin.

The News Agency of Nigeria (NAN) report that the minister of education on Jan. 9, inaugurated an Inter-Ministerial Committee to examine the veracity of allegations of degrees racketeering within both foreign and local private universities.

The committee was mandated to review the role of any MDAs or its officials in facilitation of the recognition and procurement of fake certificates in question.

Mamman, who expressed sadness over what has been uncovered during the investigations, said that the ministry would work with relevant agencies to sanitise the education sector and rid it of any fake tendencies.

“We can’t afford to have the integrity of our education soar by some few persons.

“It is possible that some are carrying fake certificates in public and private organisations who needs to be flushed out. This report is a product of a thorough investigation.

“It is sad that someone who should come out from a Nigerian institution with a 2:1 or 2:2 is now parading an international certificate of first class.

“The ministry is determined to take steps to sanitise the system,” he said.

He pledged to take decisive role to ensure standards were enshrined in the system saying that ‘we can’t afford to let down our country when it comes to standards’.

Presenting the report, Chairman of the Inter-ministerial Committee, Amin, decried the horrible standards of education in those schools saying that many of those schools awarding degree certificates were an eye saw.

Amin said the problems at hand required speedy intervention, recommending that all agencies in the sector must digitise/automate their system.

He said that automating the entire education system was a way to go in such a way that you could sit in your office and monitor what is happening in all tertiary institutions.

According to him, in the course of our investigation, we realise that the present programme of accreditation and evaluation of results is inadequate.

He called for more universities in the country, saying that more universities to train PhD holders would help a lot rather than Nigerians going outside in search of certificates while ending up getting fake certificates.

He, therefore, urged the National Universities Commission (NUC) to pay more attention to institutions offering part time or sandwich programmes so we don’t have a repeat of 2017 saga of centres offering unaccredited courses.

“People go and get fake degrees and we have been to those countries and we know what a proper degree looks like, we know what the fake one looks like.

“We have given it to the ministry to scrutinise anyone presenting a certificate from those institutions and anything else is fake.

” It is up to the ministry to find out people with fake certificates and deal with them in whatever way they derm fit,” he said

 

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Just In: EFCC submits additional proof of evidence against Emefiele

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The Economic and Financial Crimes Commission has submitted additional proof of evidence against the former governor of the Central Bank of Nigeria, Godwin Emefiele.

During the court hearing on Friday, Emefiele’s counsel, Olalekan Ojo requested an adjournment to review the new evidence before continuing the cross-examination of John Ikechukwu Ayoh, the second prosecution witness.

Ojo accused the EFCC counsel, Rotimi Oyedepo, of engaging in “trial by ambush” and not being diligent in their prosecution.

He told the court that he just received the additional proof of evidence from the EFCC.

He said the new proof of evidence was filed on Thursday, saying he needed to study the additional proof of evidence to cross-examine the prosecution witness.

He told the court, “My lord, there is a need to adjourn this case. We were just served these huge documents by the EFCC in court.

“The prosecution keeps dumping documents on us at every sitting. This is trial by ambush.”

Sharing the same sentiment, the counsel to the second defendant, Adeyinka Kotoye, also said he was served the additional proof of evidence five minutes after arriving in court.

In his defence, Oyedepo argued that they provided documents from a former aide to Emefiele in preparation for his testimony, saying it did not affect the ongoing cross-examination.

He added that it was unfair to describe the service of processes by the prosecution as “ambush by trial”.

Oyedepo emphasised that the additional evidence submitted were documents obtained from the phone of a former aide to Emefiele, John Adetona, who is set to testify as a witness.

He also clarified that these documents were provided in advance for Adetona’s future testimony and that he was not scheduled to appear in court on the present or upcoming hearing on May 9.

“The witness (Adetona) whose device the documents were printed from has not given evidence before the court,” Oyedepo said.

“In preparation for his testimony which is not coming up today or May 9, the prosecution rather waiting for the defence to formally demand the hard copies the prosecution team printed the documents out.

“How does that amount to prosecutorial unfairness?”

Oyedepo, however, requested that the court instruct the defence counsels to conclude their cross-examination of the second prosecution witness.

He clarified that the introduction of new documents does not hinder or impact the ongoing cross-examination of this witness.

However, Emefiele’s lawyer disagreed, stating that he needed time to review the new documents as they may contain valuable information for use during cross-examination.

In his ruling, the presiding judge, Rahman Oshodi, agreed with the defendant’s counsel.

Oshodi then adjourned the matter to May 9.

Emefiele and his co-defendant, Henry Omoile, are currently being tried in a Lagos high court on a 26-count charge.

Both the former CBN governor and Omoile pleaded not guilty to all the charges against them.

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Bello Matawalle’s alleged N70bn fraud case still open – EFCC

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The Economic and Financial Crimes Commission has assured the public that it will continue with the alleged N70 billion corruption case against the Minister of State for Defence, Bello Matawalle, during his tenure as the Governor of Zamfara State from 2019 to 2023.

The EFCC’s Acting Director of Public Affairs, Wilson Uwajuren, stated this while addressing protesters under the aegis of the APC Akida Forum who were at the Commission’s Headquarters in Abuja on Friday, to demand the reopening of the pending case.

Uwajuren told the protesters that once the EFCC opened an investigation, it would not be closed, and assured them that their demand would be looked into.

“I want to commend members of the APC Akida Forum for this peaceful protest. It is within your rights to protest. The Constitution guarantees the right of free expression and you have done that today. I want to assure you all that the EFCC does not close cases. Once we open an investigation into a case, we do not close such a matter. So I assure you that this petition will be looked into. Thank you very much,” he said.

Presenting a copy of their petition to the EFCC, Chairman of the group, Musa Mahmud, asked the Commission to reopen the investigation into the corruption allegations against Matawalle.

He said the call came amidst growing concerns about corruption in Nigeria and the bold steps taken by the APC administration regarding government officials suspected of embezzlement, including former Kogi State Governor Yahaya Bello, among others.

Mahmud further urged the EFCC to investigate the $2.1 billion arms deal, which included Matawalle among the dishonourable Nigerians and companies that benefited from the former National Security Adviser’s NSA scandal.

“The APC AKIDA Forum is appealing to the Economic and Financial Crime Commission (EFCC) to continue investigating Matawalle’s alleged mismanagement of public funds during his tenure as Governor of Zamfara State and his involvement in the famous arms deal scandal.

“As party loyalists, we want the Economic and Financial Crime Commission (EFCC) to investigate the matter and bring justice to those responsible for the mismanagement of public funds. This will serve as a deterrent to others considering engaging in corrupt practices in public office, especially considering what happened to the humanitarian minister.

The APC Akida Forum, as a political pressure group, commends the Federal Government for making bold decisions against corruption,” he added.

On May 18, 2023, the EFCC announced that it was investigating allegations of extensive corruption, fraudulent contract awards, and the misappropriation of more than N70bn by Matawalle.

Meanwhile, members of the Zamfara Alternative Forum had staged a similar protest at the EFCC headquarters in January, asking the commission to revisit the probe of the former governor.

 

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