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UBA honours retired directors

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Appreciating Meritorious Services: l-r: Former Non-Executive Director, United Bank for Africa (UBA) Group, Mr. Yahaya Zekeri and wife, Clara; Former Non-Executive Director, Alhaji Jaafaru Paki; Group Chairman, Mr. Tony Elumelu; Former Non-Executive Director, Mrs. Rose Okwechime; GMD-CEO, Mr. Kennedy Uzoka; Former Non-Executive Director, Ambassador Adekunle Olumide and wife, Emeritus Professor Mercy Olumide; and Deputy Managing Director(DMD), Mr. Victor Osadolor during the send forth cocktail and dinner held by the Bank for the former Non-Executive Directors, held at Transcorp Hilton, Abuja on Friday

Pan African financial institution, United Bank for Africa (UBA) Plc at the weekend honoured four retiring directors while restating its commitment to ensuring strong corporate governance across the group. The four directors who had collectively served the bank for over 40 years, were celebrated for their remarkable contributions to the group, over the years.

The retired non-executive directors –  Mrs Rose Okwechime, Ambassador Kunle Olumide, Alhaji Jaafaru Paki and Mr Yahaya Zekeri – were treated to a cocktail and dinner party attended by top players in the private and public sectors at the Transcorp Hilton Hotel, Abuja on Friday.

Speaking at the event, the Group Chairman, Tony O. Elumelu commended the contributions of the retiring directors to the Bank’s corporate governance policies and the actualization of  its goals and targets.

“The Bank’s institutionalised corporate governance has attracted more investment, increased its income base, ensuring that UBA  impacts the economic and infrastructural developments in Africa. We are grateful for the contributions of the retired directors and their colleagues on the board” Elumelu said

“Without the support given by the retiring directors, we may not be where we are today. Their investment and advisory services with the legacy Standard Trust Bank which later grew into today’s UBA, cannot be understated.” Elumelu said.

Also speaking at the event, the Group Managing Director, Kennedy Uzoka “Tonight, we are happy but not too happy. We are happy because employees of this financial empire have come together to celebrate some great people who have contributed to building the franchise that we have today. Four members of our board are leaving because they have achieved the statutory years of service. If not for this fact, we would have held on to them because of the value they have given overtime,” Uzoka said.

Speaking on behalf of the ex-directors, Ambassador Adekunle Olumide thanked the bank for the opportunity given to them to contribute to the growth of the UBA Group. He considered the Board’s decision to expand into Africa as one of the greatest achievements during their time. “Today UBA’s subsidiaries contribute over 40 percent to the bank’s profit. The bank’s vision of diversification of its income and its concrete contributions to the economic and infrastructural developments of Africa, make me happy to be part of that history,” Amb. Olumide said. He advised that the UBA should maintain its prudent loan policy, which he considered to be one of the best in  the Nigerian financial industry. According to him, he and his colleagues are leaving a bank with very strong corporate governance practices and principles, world-class management and very resourceful staff, which he believes will ensure the bank is maintained to the best standard.

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FMBN disburses N23.3bn home renovation loans

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FirstBank splashes N2.7m scholarships on 18 customers

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L-R, Susie Onwuka, Consumer Protection Commission; Martin A, Akinrimisi, Business Development Manager, First Bank of Nigeria Limited; Oma Ogban, Manager, Technology Advisory, (KPMG); Chuma Ezirim ,Group Executive, e-Business & Retail Product , First Bank of Nigeria Limited; Simisola Munira, Lagos State Lottery Board; Abiodun Famuyiwa, Head, Retail Business & Community Banking, First Bank of Nigeria Limited and Oluwaseun Adepoju-Iwuchukwu, Account Manager, Tequila Nigeria following the FirstBank XploreFirst grand finale raffle draw held in Lagos.

By Chinyere Joel- Nwokeoma (NAN)

 

First Bank of Nigeria Limited has splashed scholarships worth N2.7 million on 18 customers under its XploreFirst promo initiative to boost savings culture and promote financial inclusion among students.

The News Agency of Nigeria (NAN) reports that the winners were drawn from the six geopolitical zones and Lagos at the final/ grand raffle of XploreFirst promo on Friday in Lagos.

The winners emerged through an electronic draw handled by Tequila on behalf of the bank and supervised by KPMG, National Lottery Regulatory Commission, Lagos State Lottery Board and Consumer Protection Commission (CPC).

At the event, Mr Chuma Ezirim, FirstBank Group Executive, e-Business & Retail Products, said: “XploreFirst is a FirstBank savings account variant designed specifically for students between the age range of 18 to 29.’’

Ezirim said that a minimum amount of N1, 000 was required to open the account and account holders are to maintain a minimum balance of N200 to run the account.

He said that the XploreFirst promo was one of the special benefits of the account.

According to him, the 18 winners that emerged at the final draw will be offered yearly scholarships of N150,000 each.

Ezirim said that the initiative was targeted at youths, especially those in tertiary institutions and informal sector, to enhance savings culture and drive financial inclusion across the country.

“Customers are offered yearly scholarships of N150,000 as incentives to maintain a certain amount of deposit, in this case, N10,000 in their account over a 30-day period to qualify for the monthly draws and giveaways.

“Customers who  successfully maintain the set balance over the six months period are eligible to win the jackpot of N150,000, the grand finale prize,’’ he said.

Ezirim noted that the initiative would be sustained by the ban k  in line with the Central Bank of Nigeria (CBN) financial inclusion mandate.

Also speaking, Mr Olufemi Odumuboni, the bank’s Head, Youth/Women Banking, said  the promo dynamics was centered at making people to engage in financial discipline.

Odumuboni said that winners were selected based on certain principles that made them eligible to qualify for the draw.

He explained that apart from the N2.7 million set aside for the yearly scholarships, the bank had splashed about N900, 000 to customers who emerged winners at the various monthly draws for data purchase for their mobile phones.

“Winners from the monthly draw selected from the bank’s six geopolitical zones are entitled to N5, 000 each which they are encouraged to use for data purchase for their mobile phones,” Odumuboni stated.

Ms Susie Onwuka of CPC, commended the bank for ensuring transparency throughout the promotion process.

Onwuka said the bank had deployed modern technology in the promo process to eliminate bias, noting that, the agency was happy with the process and the bank.

“Promotions should be registered to show transparency and ensure fairness to the consumers,” she said.

Onwuka said the regulatory body would follow up with the winners to ensure they were rewarded accordingly.

NAN reports that some of the scholarship winners included Mr Offiong Micheal, Mr Ezugba Chukwuebuka, Mr Olorunfemi Oluwatunmise, Mr Adekale Adenike and Ms Agbakwuru Dorcas

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More winners emerge in Fidelity Bank Get Alert in Millions Savings Promo (GAIM Season 3)

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L- R: Regional Bank Head, Rivers/ Bayelsa 2, Fidelity Bank Plc, Evi Kanu; Grand Prize Winner of N10 million of Fidelity Get Alert in Millions Savings Promo, John Silus, Poubo; Executive Director, South Fidelity Bank Plc, Mrs. Aku Odinkemelu and wife of the star prize winner, Mrs Mary John Poubo at the grand prize presentation ceremony of Get Alert in Millions Savings Promo (GAIM Season 3) in Port Harcourt on Tuesday

L-R: Regional Bank Head, Rivers / Bayelsa 2, Fidelity Bank Plc, Evi Kanu; N2million winner, Okoye Ndubuisi; N3million winner, Kingsley Ibenegbu; Grand Prize N10million winner, John Silus Poubo; Executive Director, South, Fidelity Bank, Aku Odinkemelu; N2million winner, Dokpesi Nasiru; GAIM3 Dance Contest winner, The Exceptional Dancers, Daniel Clinton; Divisional Head, Retail Group, Richard Madiebo at the Grand Prize Presentation of Fidelity Get Alert in Millions Savings Promo (GAIM 3) in Port Harcourt on …TUESDAY

 

Mr John Pouba, a Seaman with an oil servicing company, has emerged winner of the N10 million grand prize in the Fidelity Bank’s Get Alert In Million (GAIM) Promo Season 3.

Pouba, who was announced the winner at the grand prize presentation ceremony in Port Harcourt on Tuesday, collected his cash prize at the occasion.

Alongside Pouba were four other winners of millions of Naira, namely; Mr Kingsley Ibenegbu, N3 million; Mr Nasiru Dokpesi, N2 million; Mr Oliver Okoye, N2 million and Nwodo Edeh, N1 million.

Ibenegbu, who is a technologist at the University of Nigeria, Nsukka, described his prize as a miracle of God.

He said that he was billed for an eye surgery but due to lack of fund, he could not go.

He said that he was involved in a road traffic accident in November and his left lense (black eye) fell off the eye to the ground.

“I picked it up and took it to a hospital, the doctors immediately referred me to UNTH (University of Nigeria Teaching Hospital) which said I have retina detachment but unfortunately, the hospital did not have the equipment to help my case.”

Ibenegbu said that he got to a private hospital in Enugu and was told that the surgery would cost him N1.1 million which he did not have.

He said that further enquires got him to a private hospital in Ibadan where he was charged 350,000 but because he did not have such an amount, he pleaded to pay by instalments.

He said that the doctors refused but advised him to go and scout for money fast, adding that by that time, the remaining right eye had started paining him.

“I went round my relations and friends but I couldn’t get any money, so one of my friends advised me to pray to God for a destiny help.

“I went home that night and prayed earnestly to God, asking for the forgiveness of my sins and to bless me with a miracle; the following day, I got a call that I have won N3 million,” he said.

Ibenegbu, however, commended Fidelity Bank for the gesture and described it as a destiny help, adding that he would be going for the surgery in June.

The grand prize winner, Pouba, said he would invest the money in Fidelity but before that, he would consult with his account officer for advice.

Pouba and other winners thanked the bank for the gesture and urged it to continue making its customers millionaires.

In her opening address, Mrs Aku Odinkemere, Executive Director, South, said the essence of the promo was to encourage customers and their families to imbibe the saving culture.

Odinkemere, who represented the Managing Director/Chief Executive Officer of the bank, Mr Nnamdi Okonkwo, said that the importance of saving for a rainy day could not be over-emphasised.

She said that in 2017, a man won a house in Port Harcourt through the promo, adding that N110 million and 108 consolation prizes have been given out in the promo.

Past prize winners of the season’s promo, who were present at the occasion, recounted their joys when they received the calls announcing them winners and commended the bank for bettering their lives.

Refrigerator and power generating set were given out as consolation prizes to Nkem Isichei and Ejirooghene Ekeuwei, respectively.

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