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UBA Promotes Africa’s Renaissance, Celebrates Africa Day with Glitz & Glamour

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In line with its commitment to promote the African culture and deepen its African footprints, Pan African financial institution, United Bank for Africa (UBA) Plc, on Thursday joined the world to celebrate the 2017 Africa Day across the 19 African countries of operations with the theme: ‘Africa, the new Frontier.’

Africa Day is dedicated to celebrating the diversity of the African continent, as well as to highlight the cultural and economic potential that exists on the continent. UBA Staff celebrated the day in grand style as they dressed to work in a display of the best of Africa’s rich attire.

At the bank’s head office in UBA House on Marina, Lagos, Nigeria, there was an unusual welcome for staff, as they were ushered into the building with a rendition of traditional African music and unique African themed decorations adorning the building, thus presenting special ambience to the celebration for a bank that takes huge pride in its African heritage. There was also excitement in the air, as a lot of things to celebrate the African heritage was also on display and staff were treated to various African meals and snacks throughout the day in their offices.

The highlight of the day was the crowning of the best dressed male and female in African attires, who emerged from votes cast by staff. Two staff emerged winners and were rewarded with an all-expense paid trip to Seychelles.

The three winners selected from both the male and female categories were given cash prices amounting to about N350,000, while the best dressed female, Mrs. Ebeano and Mr. Abdullahi were rewarded with an all-expense paid trip to Seychelles.

The Deputy Managing Director, UBA Plc, Mr. Victor Osadolor, who spoke at the ceremony to announce the winners, reiterated that UBA is a core African bank with deep African roots that has continually supported the continent in various ways over the years. He added that the bank remained proud of its African heritage.

He said, “We at UBA celebrate Africa Day with the rest of Africa, we are Africa, United by one Bank, and it is important to note that just as Africa has come a long way, UBA has also come a long way in putting her footprints in Africa. As of now, we have over 125 branches in Africa selling Africa to the world. We are one of the biggest employees in the continent, and we have been supporting a lot of credit facilities and infrastructural development i Ghana, Zambia, Cote d’Ivoire and other key economies; we are also sponsoring the building of the stadium in Cameroon to be used for the African Nations cup, the building of a plaza in Ghana, as well as other key investments because we believe in this continent and know that infrastructure is key to the success of any continent.”

It will be recalled that the African Diplomatic Group, an association of African group of Ambassadors and High Commissioners to the Federal Republic of Nigeria recently commended UBA for the sponsorship of the upcoming 54th Africa Day Celebration. In a letter addressed to the Group Managing Director/CEO, Mr. Kennedy Uzoka and dated 23rd January 2017, appreciating the bank’s support, the High Commissioner of Rwanda, Ambassador Stanislas Kamanzi praised UBA for sponsoring the celebration of the 54th African Day.

Africa Day, formerly Africa Freedom Day and African Liberation Day, is the annual commemoration of the foundation of the Organisation of African Unity (OAU) usually celebrated every May 25th and UBA celebrates Africa Day annually in line with the official celebration by African nations, reiterating its long-held belief that the future belongs to African continent leveraging on the occasion to rekindle the African spirit that drives the group’s vision to be a dominant financial services provider on the continent financing the continent’s emergence as a recognizable economic power.

United Bank for Africa (UBA) Plc is a leading Pan-African financial institution, offering banking services and customer touch points in 19 African countries. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross border payments and remittances, trade finance and ancillary banking services.

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Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]

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Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.

 

In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.

 

The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

 

The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.

 

“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

 

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”

 

WATCH VIDEO HERE:

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FCMB Manager Arrested For Hoarding New Naira Notes

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A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

 

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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

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The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.

 

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