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UBA Rewards Staff At Annual CEO awards

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It was an exciting evening on Saturday, April 9, 2016 as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year.

It is a tradition that the bank has maintained since 2008 and this was the eighth edition since its inception. As usual, it lived up to its reputation as a night of glamour and glitz as bankers let down their conservative mien and turned up in a “party” mood to celebrate their colleagues that have excelled in the just concluded financial year.

The theme of the night was “The Evolution of UBA” and was aimed at celebrating UBA’s rich history as one of the biggest and dominant banks through the ages from its inception in 1949.

Using dance drama headlined by top Nollywood stars like Segun Arinze, Norbert Young, Ireti Doyle, and Gideon Okeke, they highlighted the men and women, who have made UBA what it is today, Its landmark heritage building on 57 Marina, contributions across Africa and its foot print across Africa in 19 countries; Nigeria, Ghana, Benin Republic, Cote d’Ivoire, Burkina Faso, Guinea, Chad, Cameroon, Kenya, Gabon, Tanzania, Zambia, Uganda, Liberia, Sierra-Leone, Mozambique, Senegal, Congo DR and Congo Brazzaville as well as in the key global financial centres of New York, London and Paris.

The multicultural diversity of the UBA group was on full display as board chairmen and the managing directors of the UBA subsidiaries in all its 18 countries of operations outside Nigeria were also present at the event.

There were 16 different categories of awards given out to staff, business offices, country subsidiaries and strategic business units on the night. Specific areas covered by the awards include; profitability, deposit growth in Nigeria and Africa, most improved country or regional bank in mobilization, digital banking adoption, customer service, compliance rating and support services.

But the highlight of the awards was the “GMD’s Special Award” for a staff that has performed exceptionally in his or her assigned duties in 2015. This is an award won by the best of the best in the UBA Group and the staff must have displayed a positive attitude to work and colleagues, maturity in handling the bank’s internal and external customers, commitment, knowledge of the bank’s operations and offerings, integrity, which is a core value of the bank and a high level of productivity.

The night also experienced high level performance from Nigeria’s top musical stars. Staff took to the dance floor as they experienced back to back electrifying performances from the Alert Master, Koredo Bello, Koko Master, De Banj, the gorgeous Yemi Alade, as well as a sensational Dr Sid.

Also on stage to crack the ribs of the audience with jokes was “Basket Mouth.” This was a night of intense fun as staff danced and laughed for a greater part of the night without any consideration for the stress that usually comes with their job.

Speaking during the awards ceremony, Phillips Oduoza, Group Managing Director and CEO of UBA Plc described the UBA CEO awards as the most exciting event in UBA operational calendar.

“This is the night we honour members of our staff who have come to represent everything we stand for as an organization. The staff, departments and business units that receive awards this night are hardworking, articulate and always willing to go the extra mile to achieve the targets we set for ourselves at the beginning of every financial year as a bank” Oduoza said.

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York.

From a single country operation founded in 1949 in Nigeria, Africa’s largest economy, UBA has emerged as a pan-African provider of banking and other financial services, to more than 10 million customers, through close to 1000 branches and touch points globally

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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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