Category Nigeria News

United Bank for Africa Plc (UBA) today announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

The donation will provide significant and much-needed support to Nigeria and 19 other African countries, by supplying relief materials, critical care facilities, and financial support to Governments. The UBA support programme will be allocated as follows:

• N1 billion (USD2.8 million) to Lagos State Government in Nigeria
• N500 million (USD1.4 million) to Nigeria’s Federal Capital Territory, Abuja
• N1 billion (USD2.8 million) to the remaining 35 states in Nigeria
• N1.5 billion (USD4.2 million) to UBA’s presence countries in Africa
• N1 billion (USD2.8 million) for Medical Centres with equipment and supplies
• Free Telemedicine call centre facility

The pan-African bank will fund a medical centre immediately in Lagos, Nigeria, with beds for isolation and ICU facilities, managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.

In addition, UBA is providing a free telemedicine platform, that is physician-led, to provide direct access to medical advice to citizens, in compliance with social distancing requirements.

UBA Group Chairman Tony O. Elumelu, stated ‘This is a time when we must all play our part.  This global pandemic must bring citizens, governments and business leaders together – and quickly. As we see a rapidly increasing number of cases of the coronavirus in Nigeria and Africa, the private sector has to work hand in hand with various Governments, in stemming the spread of the global pandemic.

We commend the efforts of governments and we are keen to partner and contribute our resources to the collective effort, that will ensure the response to the pandemic is swift and effective’.

Operating in 20 African countries and globally in the United Kingdom, the United States and France, the United Bank for Africa has a strong record of supporting its communities, through challenging times. 

L – R: Tony O. Elumelu, CON, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and UBA Group; H.E. Uhuru Kenyatta, President of Kenya; at the 9^th ACP Business Summit in Kenya on December 8, 2019 as Elumelu Presents the Keynote Speech

Tony O. Elumelu, CON, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group, urged African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries to drive industrialisation and wealth creation in ACP member states.

He said this while presenting the keynote speech on the theme “Industrialization and Private Sector Engagement for Economic Transformation of ACP States” at the Presidential Dialogue of the 9th ACP Business Summit in Nairobi, Kenya.

L-R: Tutor, Louisville Girls High School, Ijebu-Ode, Ogun State, Mrs Josephine Oladipo;  1^st Runner-up and student of Oladipo Alayande School of Science, Oyo, Precious Ifeoma Okey; Group Managing Director/CEO, UBA Plc, Mr. Kennedy Uzoka; Winner of 2019 UBA Foundation National Essay Competition for Senior Secondary Schools in Nigeria, and student of Louisville Girls High School, Ogun State, Jolaosho Oluwatoroti Otokini;  Jolaosho’s  Mother, Mrs Jaiyeola Jolaosho; 2^nd runner-up and student, Beautiful Beginning Academy, FCT Abuja, Miss Aimeé Okoko;  and CEO, UBA Foundation, Mrs Bola Atta, at the grand finale of the UBA Foundation National Essay Competition for Senior Secondary Schools in Nigeria, held at UBA House in  Lagos on Monday

It was an all-female top three affair, as 14 year-old Jolaosho Oluwatoroti Otokini of Louisville Girls High School, Ogun State, emerged the overall winner of the 2019 edition of the UBA Foundation National Essay Competition, winning the grand prize of an educational grant of N2,000,000.00 to study in any African university of her choice.

University of Benin Alumni Association, Lagos Chapter has honoured the Group Managing Director/Chief Executive Officer of United Bank for Africa(UBA), Mr. Kennedy Uzoka.

The honour which was conferred at an impressive Dinner held at Sheraton Hotel, Ikeja-Lagos at the weekend was in appreciation of Uzoka’s ‘hardwork, diligence and continuous commitment to the values of excellence’ as a banker and head of the Pan-African financial institution with presence in 20 African countries.

The Tony Elumelu Foundation (TEF) — Africa’s leading philanthropy dedicated to empowering African entrepreneurs — will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020.

Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation.

The Banker Magazine has once again selected leading African financial institution, United Bank for Africa (UBA) Plc as the “African Bank of the Year 2019”.

This is the second time, UBA has clinched the prestigious award, having been named Best African Bank of 2017 by The Banker magazine. This year, UBA also won best bank category in 6 of its subsidiaries: UBA Benin, UBA Tchad, UBA Gabon, UBA Congo, UBA Cote D’Ivoire and UBA Sierra Leone.