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UNION BANK: How to Achieve your SMART Financial Goals in 2016

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Everyone desires financial success, but that desire must be matched with SMART financial goals to translate to success.
Most times, we set financial goals that are self-defeating. The reason why it seems like New Year resolutions to eat healthier or exercise regularly almost always fail by the second month of the year is because most times, we do not set clear parameters for success. In the end, our resolution becomes merely a wish.
Setting S.M.A.R.T. financial goals forces us to become accountable and ensures that we actualize our goals towards financial security.
With a brand promise to make banking simply and smarter, Union Bank has created several solutions to ensure that customers meet their financial goals when they make SMART decisions about their finances.
MAKING S.M.A.R.T FINANCIAL GOALS:
1. BE SPECIFIC
First, your financial goals should be as specific as possible in order to successfully achieve exactly what you want. Always include as much detail as possible.
How much do I earn?
How much do I spend?
What are my fixed expenses?
How much disposable income do I have?
Being able to answer this questions then you can know exactly how much you have to spend.
Union Bank created the UnionKorrect savings scheme to conveniently help its customers achieve their financial goals. Whether your dream is to buy a car or save towards the purchase of a land, with as little as N5000 monthly savings with your UnionKorrect account, we will set you on a path to achieving your dream over a set period of time. In addition, with UnionKorrect customers stand a chance to win up to N1million in a quarterly draw. With UnionKorrect, you can save small and do big things. To open a UnionKorrect account, call 0700 700 7000.

2. YOUR GOAL SHOULD BE MEASURABLE
In order to achieve your goal, it must be measurable. For example, simply saying “I want to save more” is not measurable. Even if you have a vague idea of what that would mean for yourself, you have no way of knowing when you’ve achieved it or how you plan to achieve it. If you were to say, “I would like to save N1, 000,000 in 4 years for a plot of land” this would be measurable and achievable with a UnionKorrect account. A standing instruction is placed on your existing Union Bank account and your UnionKorrect account is credited monthly with starting at N5000 or any multiple amount you specify.
A standing order (or a standing instruction) is an instruction a bank account holder gives to his or her bank to pay a set amount at regular intervals to another account.
3. IS YOUR GOAL ATTAINABLE?
Ensure to set financial goals that are attainable. This is why setting specific, detailed goals are important. By identifying what you hope to achieve, you can identify potential roadblocks and obstacles that could make it difficult to get where you want to be financially.
4. BE REALISTIC
Much like your goal should be attainable, it should also be realistic. While we aren’t suggesting that realistic should equal easy, ensure that your goals present a challenge you are able to overcome. It will take effort but it is not impossible.
5. TIMELY
Lastly, ensure that your goal is timely. In order to be measurable, your goals must have a well-defined timeframe. Often times, we do not consider time when we set our goals and it leads us to setting high expectations over a short period of time, causing us to abandon our goals midway when we don’t see the desired progress. UnionKorrect is a tenured savings solution that helps you achieve financial progress over a reasonably set period of time ensuring that you are not overstretched as you work towards your financial goals.
So, have you set your SMART financial goals? Call Union Bank today on 0700 700 7000 and sign up for UnionKorrect or any of our other financial solutions to help you achieve you goals.
Not a Union Bank customer yet? Visit any of our branches or Smarter Banking Centers and select the right financial solution for you.
Our Smarter Banking centers are self-service branches designed for technology savvy customers who want quick, easy, on-the-go banking.
With other smart solutions like UnionMobile – our mobile banking app and our online banking platform UnionOnline, you can access secure and convenient banking services 24 hours a day, 7 days a week.
To learn more about how Union Bank is making banking simpler and smarter, please visit www.unionbankng.com and follow us on social media
https://www.facebook.com/UnionBank

https://www.youtube.com/user/UnionBankNG

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Lagos Lawyer Gboyega Adetunji Delves Into Agriculture, Floats Abundish; A Revolutionary Farm-To-Table Outfit

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Barrister Gboyega Adetunji, a Lagos-based renowned legal practitioner, has ventured into agriculture with the launch of Abundish, a revolutionary farm-to-table service aimed at transforming how Nigerians access fresh, high-quality, and healthy farm produce.

 

Abundish is committed to offtake directly from farmers and supply to consumers promoting sustainable agricultural practices, and ensuring fair market value for produce.

 

The innovative platform offers a subscription-based model, allowing customers to customize their experience and receive curated selections of fresh, seasonal produce delivered conveniently to their homes.

 

“I’m thrilled to embark on this new journey, combining my passion for sustainable living and community development,” said Barrister Adetunji, Founder and CEO of Abundish.

 

“Our goal is to empower farmers, support local economies, and provide healthy, fresh produce to consumers while reducing food wastage and promoting sustainable practices.”

 

“Abundish is more than just a bridge,” says Barr. Gboyega Adetunji.

 

“We are a movement bringing fresh, high-quality produce whether cash or food crops directly from the farm to the end consumer, cutting out unhygienic produce, reducing landing costs of produce, and the convenience of doorstep delivery it affords our customers. This does not only benefits our customers, but also supports sustainable agricultural practices, grows the naira and local economies, and also empowers the farmers who nourish our communities.

 

Reacting to what inspires his diversification, Barr. Gboyega said “I’d always wanted to have my little farm that can cater for at least 80% of my consumption, but then I realized how impactful it would be if this practice could be extended to others, hence the creation of the Abundish brand”

 

When asked what sets Abundish apart from its counterparts, Barr. Gboyega said, “Abundish offers a unique subscription model, allowing customers to customize their experience and receive a curated selection of the freshest seasonal produce delivered conveniently to their homes. By bypassing traditional distribution channels, Abundish reduces food waste, ensures peak freshness for consumers and the amount of time doing tedious work of purchase and clean up”.

 

“Abundish offer fresh farm produce at fair market value, championing food security with sustainable practices” he added.

 

At Abundish, we are not just passionate about delivering farm-fresh produce, we are committed to creating a positive impact on our world. That is why we operate with the UN Sustainable Development Goals (SDGs) in mind, striving for a more sustainable, equitable, and food-secure future.

 

Join The Abundish Movement, visit www.abundish.info to learn more about Abundish, and subscribe to receive the freshest produce delivered at your convenience.

 

Follow Abundish on social media platforms for behind-the-scene farm footage, exclusive offers, recipes, and our social impact initiatives.

 

X (Twitter) – @abundish

 

Instagram – _@abundish

 

Facebook – Abundish

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US-based Nigerian Jailed 41 Months For Operating Illegal Money Transmitting Business; Funds Wired To Lagos Bank

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A Nigerian man based in the United States Oluwafemi Osinowo has been sentenced to 41 months in a federal prison after he was convicted of operating an illegal money transmitting business.

 

U.S. Attorney Ronald C. Gathe, Jr. in a press release issued by the U.S. Attorney’s Office, Middle District of Louisiana on Monday, announced that Chief Judge Shelly D. Dick also sentenced Osinowo, 35, of Miami, Florida, to three years of supervised release following his term of imprisonment.

 

According to admissions made as part of his guilty plea, from December 2016 to January 2019, Osinowo operated an unlicensed money transmitting business.

 

He confessed that he conducted foreign currency exchange business without complying with required federal registration requirements.

During the course of operating the business, money was transmitted from third parties from the Middle District of Louisiana and elsewhere to bank accounts located in Miami, Florida.

 

Once the money was in the bank accounts in Miami, Florida, an individual acting as an agent of Osinowo’s business wired the money to a bank in Lagos, Nigeria. Those wire transfers included approximately 51 separate transmissions in the aggregate total of approximately $722,177.

 

 

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‘Stolen’ $6.2m: What Emefiele Told Us In Kuje Prison – Investigators

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One of the investigators handling the case of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN) on February 8, 2023, has revealed what Godwin Emefiele, immediate past governor of the apex bank, told them at Kuje prison.

The former CBN governor, who is standing trial on an alleged 20-count amended charge, preferred against him by the Economic and Financial Crimes Commission (EFCC), was once remanded at Kuje prison.

He was alleged to have engaged in criminal breach of trust, forgery, conspiracy to obtain by false pretence and obtaining money by false pretence when he served as central bank chief.

In an affidavit filed before a Federal High Court in Abuja, one of the investigators, a Deputy Superintendent of Police, gave details of investigators’ findings and progress made so far.

The Deputy Superintendent of Police was quoted to have said: “We visited Kuje Correctional Centre, where we interviewed Godwin Emefiele, who purportedly approved the memos authorising the payment, as then CBN gov and he denied seeing, talk less of approving such memos.

“We also arrested some concerned staff of the Central Bank of Nigeria, who denied any involvement in the crime, before we finally arrested Bashirudeen Maishanu, who corroborated the account of Abdulmajeed Muhammad and further confessed to have been involved in the crime which, according to him was perpetrated by himself and the first to third defendants/respondents – Adamu Abubakar, Imam Abubakar and Odoh Eric Ocheme.

“Bashiru Maishanu further confessed that himself, the first and second defendants/respondents (Adamu Abubakar and Imam Abubakar) shared the sum of $2,500,000.00 from the stolen money, while the third defendant/respondent (Odoh Eric Ocheme), being a fellow staff of the Central Bank of Nigeria, kept the balance of $3,730,000.00 claiming that he had other interests to settle in the CBN.

“Bashirudeen Maishanu further confessed that both himself, and the first and second defendants/respondents jointly invested the United States dollars equivalent of the sum of N1, 440,000,000.00 into real estate business of Afrolyk Global Ltd.

“The Managing Director of the said Afrolyk Ltd, Aminu Lawal has been arrested and he confirmed the investment by Bashirudeen Maishanu, Adamu Abubakar and Imam Abubakar, and already refunded the sum of $200 000 00 to the Special Investigator’s team as part of the money he (Aminu Lawal) received as part of the purported investment.

“Cash of about $400,000 00 has also been voluntarily returned by Bashiru Maishanu from part of his remaining share of the money in question. The money (the $6,230,000) was received in cash from the Central Bank at Nigeria and also shared in the same cash by the defendants/respondents and others, making it difficult to trace the monies without arresting the defendants/respondents.

“It was later revealed that the third defendant – Odoh Eric Ocheme – was the Personal Assistant to Godwin Emefiele as the CBN governor while the first and second defendants (Adamu Abubakar and Imam Abubakar) are businessmen and associates of Bashirudeen Maishanu.”

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