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Union Bank Unveils Branches with Improved Technology

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In line with its resolve to ensure and exceed customer satisfaction, Union Bank Nigeria Plc has unveiled two more improved branches in Lagos with new technology and superior product offerings.

The new branches, Itire Road, Lawanson branch and Western Avenue branch, both located in Surulere, Lagos, showcased improved technology and superior product offerings aimed at making banking more accessible, simpler and smarter to customers and prospects of the bank.

Speaking at the event, the Transformation Director, Union Bank, Mr Joe Mbulu, said the essence of the transformation was to show how far the bank cares for its customers, adding that the transformation of the bank began two years ago.

“For us in Union Bank, our transformation is different, in that, it has more depth and more substance. What we’re doing today is just a celebration of what we commenced two years ago.“

“Basically, we have looked at the technology; we have a new core banking application, our data centre is new, we have a back-up that is live, and there are not many banks that can tell you that, when they have failure, their current data can switch over. We can do that seamlessly.
“And we have transformed the way our people engage the customers. Our customer service is different and testimonials today attest to that point. So, we have looked at the culture of the bank also; we used to be known as an old people’s bank, but I can challenge any customer out there today to come to Union Bank, they will be awed by the service,” the bank Director assured.
According to Mbulu, Union Bank now has products that address customers ‘needs. Furthermore, he said the bank’s governance structure has improved significantly, saying that presently at Union Bank things are done faster and more efficiently.

“So, there is a new culture, a new bank, a new way of doing banking which is simple and smarter,” he added.

Giving more insight into some of the new technological improvements in the bank, the Head of Operations and Technology, Union Bank, Mr Lucky Jayaratne, said beyond the transformation of its physical branches, all the bank’s electronic channels have been upgraded. “We have a new system now, which is much more efficient and simpler to operate. It is capable of doing round the clock and we will not be having any down time. And the same is applicable to our ATMS and PoS machines and also our online banking system,” Jayaratne said.

Customers present at the event attested to the improved banking system at Union Bank.
For instance, the Proprietor, Jolibuks School, Lawanson, Mr. Edward Ola, commended the management of Union Bank for their drive towards improved efficiency and customer satisfaction.

Also, the Managing Director, Patedy Print Edge Limited, Mr. Pat Uba, assured the bank of continuous patronage, even as he urged members of the public to come onboard in order to enjoy, the simpler and smarter processes at Union Bank. In the same vein, the Managing Director, Agenda Pharmacy Limited, Mr. Ayo Badejoko, commended the management for the innovation and drive to improve the bank.

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House Of Representatives Issues Warrant Of Arrest On Central Bank Governor, Cardoso, Accountant-General, 17 Others

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The House of Representatives’ Committee on Public Petitions has asked for a warrant of arrest to be issued on the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, the Accountant-General of the Federation (AGF), Oluwatoyin Madein, and 17 others over refusal to appear before it to answer questions on their operations.

It was gathered that the issuance of the arrest warrant was sequel to the adoption of a motion moved by Fred Agbedi, representing Ekeremo/Sagbama Federal Constituency of Bayelsa State on the platform of the Peoples Democratic Party (PDP) at the committee’s hearing on Tuesday.

Agbedi, while moving the motion, said that the arrest warrant had become imperative following the attitude of the invitees, adding that the parliament worked with time and the CEOs had been invited four times but failed to respond to the invitations.

Agbedi said that the CBN Governor, the AGF and the rest of the invitees should be brought to appear before the committee by the Inspector General of Police through a warrant of arrest after due diligence by the House Speaker, Rep Tajudeen Abbas.

The Chairman of the Committee, Micheal Irom (APC-Cross River), in his ruling said that the Inspector-General of Police should ensure the invitees were brought before the committee on December 14.
It was gathered that the petitioner, Fidelis Uzowanem, had earlier said that the petition was anchored on the Nigeria Extractive Industries Transparency Initiative (NEITI) 2021 report.

Irom said, “We took up the challenge to examine the report and discovered that what NEITI put together as a report is only consolidation of fraud that has been going on in the oil and gas industry.

“It dates back to 2016 because we have been following and we put up a petition to this committee to examine what has happened.

“The 2024 budget of 27.5 trillion that has been proposed can be confidently funded from the recoverable amount that we identified in the NEITI report.

“It is basically a concealment of illegal transactions that took place in NNPCL; they have been in a sink with some oil companies where some companies that did not produce crude were paid cash core, an amount paid for crude oil production.”

 

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FCTA uncovers illegal oil refining warehouse in Abuja

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In continuation of the city cleaning exercise, Authorities of the Federal Capital Territory Administration (FCTA) with operatives of security personnel have uncovered an illegal oil refining warehouse in Mabushi, opposite Mobile filling station on Ahmadu Bello way in Abuja.

 

The Director, Department of Development Control, FCTA, Mukhtar Galadima after the operation on Thursday, said the illegal refining site was discovered during the continuation of the city cleaning exercise.

 

According to him, about three to four plot of lands designated for commercial purposes have been converted to an area where oil and diesel are being adulterated and circulated to other parts of the city.

 

Galadima explained that the city sanitation task force will look into the provision of the law and make necessary recommendations to the FCT Administration for further actions on the plots used for the activity.

 

He said there was no arrest but the items used in carrying out the illegal refining have been impounded.

 

Galadima said, “During the continuation of our city sanitation exercise in Mabushi opposite Mobile filling station on Ahmadu way, we discovered an illegal refining site where oil and diesel are being adulterated, we have done the needful by moving the items to Nigerian Security and Civil Defence Corps.

 

“From what we have seen so far, about three or four pilot of lands designated for commercial purposes have been converted to unapproved activities, which we believe the owners are fully aware, there will be consequences.

 

“We are going to look at the provision of the law and make necessary recommendations to the FCT Administration”

 

He said the administration will continue to go tough on activities being carried out without government approval,  especially revocation of the titles.

 

Collaborating, Head, operations FCT Directorate of Road Traffic Service (DRTS), Deborah Osho said the city management team during the exercise also discovered that most of the areas in the Nation’s capital have been converted to illegal car mart and motor parks.

 

She disclosed that fifteen vehicles have so far been impounded since the operation commenced about two days.

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Central Bank To Freeze Accounts Without BVN, NIN From April 2024

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The Central Bank of Nigeria (CBN) said on Friday that it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.

This is according to a Friday circular by the apex bank which said a BVN or NIN verification will be “conducted shortly”.

It also said all BVN or NIN attached to accounts/wallets must be electronically revalidated by January 31, 2024, according to the circular by the CBN Director of Payments System Management Department Chibuzo Efobi, and the Director of Financial Policy and Regulation Department Haruna Mustapha.

More details later….

 

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