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Tag: UBA

  • UBA plans $100m lift for businesses

    UBA plans $100m lift for businesses

    Operators of Small and Medium Enterprises (SMEs) and other businesses are to benefit from the $100 million being offered as new loans by the United Bank for Africa (UBA).

    The loans would be spread across Africa with focus on green finance projects.

    UBA’s Group Managing Director, Oliver Alawuba, dropped the hint yesterday during the partnership signing agreement between the bank and the African Guarantee Fund (AGF) at the bank’s Lagos Head Office.

    He said the gesture aligns with the bank’s commitment to fostering economic development and reducing poverty.

    Alawuba said: “The facility aligns with our objective to power businesses. Through this, we will lend to women-led SMEs at cheaper rates. It will demonstrate our commitment to gender equality. We will actively engage governments to create loans. It is a transformative initiative for fostering economic development.”

    Under the agreement, the AGF will provide $50 million Portfolio Guarantee for the SMEs and green finance projects that will benefit from the facility.

    The AGF will further facilitate extensive capacity building for the borrowers, with special focus women-led businesses and green finance projects across the 20 countries where UBA operates in Africa.

    Alawuba reiterated the bank’s commitment towards supporting SMEs in Africa, especially to women-founded and managed businesses.

    He said the bank’s robust network, which is spread across the 20 countries in Africa and major global financial capitals remain big advantage.

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    The UBA boss said: “This guarantee will serve as a catalyst for the bank’s intervention for SME business, women-led and environment friendly businesses, enabling us to further extend our reach and impact. Additionally, the extensive capacity development initiatives planned for our SME customers across 20 African countries align with our vision to empower businesses, drive innovation, and foster sustainable growth.

    “I am particularly excited about our focus on advancing the AfCFTA initiative, reaffirming UBA’s $6 billion commitment to SMEs across Africa. This initiative, announced in September last year, demonstrates our dedication to supporting the economic integration of our continent.

    “Moreover, our commitment to promoting gender equality in our business is reflected in our collaboration with the Affirmative Finance Action for Women(AFAWA) protocol. Through this we will provide loans to women-owned SMEs at more concessional rates, with customer friendly collateral terms, aiming to bridge the significant financing gap faced by women in Africa, amounting to $42 billion.”

    In the same vein, capacity development platforms are to be extended for free or at highly discounted rates while the partners will engage with governments across Africa to create and activate business environments that are more women-friendly. It will also expand the bank’s Green Finance propositions across Africa.

    Also speaking, AGF’s Group Chief Executive Officer (CEO), Jules Ngankam, said the partnership between two pan-African institutions who are both at the forefront of catalysing growth and development of SMEs will significantly drive economic growth across the continent.

    Ngankam said: “Small and medium enterprises despite being the backbone of all African economies – they account for 90 per cent of the private sector and 60 per cent of all jobs – are perceived as risky and therefore have limited access to financing.

    “Through this guarantee facility and the technical capacity development grant support, we will de-risk SMEs with a priority on those that are owned or led by women and those that are within the green sector.

    “This partnership is sequel to the announcement made by UBA Plc, and Africa Continental Free Trade Area (AfCFTA) Secretariat in September 2024 which will help the Bank drive its $6 billion commitment to SMEs across Africa under the AfCFTA initiative.

  • UBA Business Series: Experts advisewomen-led businesses to be value-driven

    UBA Business Series: Experts advisewomen-led businesses to be value-driven

    Successful female business entrepreneurs, have advised Small and Medium Scale Enterprises (SMEs) operators and would-be business owners to focus on meeting specific needs and self-development to create a path towards building prosperous brands in the short and long-term.

    Speaking yesterday during the Women’s Day edition of the United Bank for Africa (UBA) Business Series hybrid event at the bank’s Head office in Lagos, the entrepreneurs emphasised the need for SMEs to invest in themselves and have a proper working business structure as tips that will help build and grow their businesses.

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    The co-founder and CEO of Good Hair Ltd, Chioma Ikokwu; Founder of African Naturalistas, Atilola Moronfolu; Founder of Hello Perfect, a leading skin aesthetics and laser clinic in Nigeria, Onyeka Michael-Ugwu and Actress/Founder and Chief Executive Officer, NOUA Skin, a luxury boutique skin studio based in Lagos, Oshuwa Tunde-Imoyo, were panellists at the special women’s edition of this quarter’s UBA Business series who spoke on the theme: Herstory.

    Chioma who emphasised the need for meaningful partnerships and collaborations in business said, “It is important to start by solving a problem, you have to separate your lifestyle from your business and ensure that you are intentional about what you put out there. Also, get straight to the point about what you are offering your customers, no need beating about the bush,” she stated.

    Buttressing Chioma’s point, Onyeka told business owners and would-be entrepreneurs to surround themselves with the right people as these are the people that will help tend to the growth of the business. “I always tell people, build a team that can give their best to your business.

  • UBA recommits to African economic expansion

    UBA recommits to African economic expansion

    • Strategic supports for mining and oil sectors

    United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors.

    To this end, the bank is poised to collaborate with the Economic Community of West Africa States (ECOWAS) towards implementing strategic initiatives that will not only attract investment but also foster sustainable development into the mining and oil sectors.

    Chief Executive Officer, UBA Africa, Abiola Bawuah, who spoke at the just concluded fourth ECOWAS Mining and Petroleum Forum (ECOMOF 2024) which was held at the Palais des Congrès in Cotonou, Benin Republic, said the bank recognises the pivotal role of the mining and oil sectors in shaping the economic landscape of African nations, and is strategically positioning itself to be at the forefront of this transformation.

    “At UBA, we recognize the pivotal role that the mining and oil sectors play in shaping the economic landscape of ECOWAS member states and so, this ECOMOF 2024 Conference has provided us with a strategic platform to reaffirm our commitment to fostering economic growth in the region,” Bawuah said.

    According to her, by formulating and advocating investor-friendly policies by the sovereigns and financial intermediation and supports provided by UBA, the mining sector would be catalysed and transformed into robust economic pillars contributing substantially to the country’s Gross Domestic Products.

     “We believe that through collaborative efforts and sound financial strategies, we can propel the mining and oil industries towards sustainable development, unlocking their full potential for the benefit of the entire region,” Bawuah said.

    Head of Corporate and Energy Bank at UBA, Ebele Ogbue, who was also a panelist during the session, highlighted the pivotal role of National Oil and Gas Companies in advancing the development of the oil and gas industry’s value chain.

    He emphasised the significance of good corporate governance in ensuring the sustainable growth of National Oil and Gas Companies and underscored the need for robust collaborations among ECOWAS countries, just as he highlighted the importance of fostering strong regional ties to drive collective prosperity in the oil and gas sector.

    He also emphasised how the UBA Group remains dedicated to providing strategic financial solutions that empower National Oil and Gas Companies to navigate the complexities of the industry and drive sustainable development.

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    The ECOMOF 2024 conference with the theme “Geo-extractive Resources and Technologies: Pooling Strategies to Create Added Value in West Africa,” saw a large gathering of key players and stakeholders in the mining and petroleum sectors who gathered to brainstorm on the need to transform the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the development of ECOWAS member states.

    As a leading African financial institution with presence in 20 African countries, UBA has consistently played a crucial role in driving such discourse around economic growth and supporting major continental development projects.

    With active involvement in major continental development projects and a strong presence across Africa, UBA is positioned as the financial institution of choice for the event. The bank’s commitment to the growth of the mining and petroleum industry in the sub-region is not only evident in its support for ECOMOF but also reflects its dedication to overall African economic development.

    United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally.

    Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

  • UBA wins international awards

    UBA wins international awards

    United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa.

    The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry with critical financial intermediation, project financing, trade facilitation and advisory  in Africa and beyond.

    UBA emerged Global Finance’s Best SME Bank for 2023 in Nigeria, Ghana, and Mozambique, awards that spotlight the bank’s continuous resolve towards supporting small and medium scale businesses which is the life of any growing economy.

    Also, the bank, with presence in 20 African countries won the 2023 FMDQ Gold Awards in three key categories of Money Market Liquidity Provider; FX Market Liquidity Provider and Dealing Member of the Year, while UBA was also named as Global Finance’s Safest Bank in Senegal 2023.

    Responding to the FMDQ Group Awards, the Group Chairman, Tony Elumelu (CFR) said “this recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to African financial markets even in the face of harsh economic realities, our market knowledge, dedication to customer services and the trust of our clients.”

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    Continuing on the global scene, UBA Ghana clinched the World Business Outlook Awards for 2023 as the Best Banking Services Provider Ghana 2023; Leading Financial Services Institutions Ghana 2023 and the Banking CEO of the Year Ghana 2023 which was won by Mr. Chris Ofikulu, the then CEO of UBA Ghana.

    Earlier, the bank was highly celebrated as it clinched nine prestigious awards including the highly coveted Bank of the Year Africa 2023 at The Bankers Awards 2023, organised by The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper. UBA’s subsidiaries in eight countries including: Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, and Tanzania, underscoring the bank’s dominance and impact across diverse African markets.

    UBA’s Group Managing Director, Oliver Alawuba, who received the awards on behalf of the bank, expressed his gratitude and excitement about the awards, and said the recognitions come as a reassurance that the bank is on track in its goal at consolidating its leadership position in Africa, as it continues to create superior value for its stakeholders.

    “UBA is honoured to be named the Bank of the Year in these eight countries and to receive the overall Award for Africa. This accomplishment is a testament to the hard work, dedication, and innovative spirit of the entire UBA team. We remain committed to delivering top-notch banking services that positively impact the lives of our customers across the continent.

    Speaking about UBA’s consistent excellence in the financial services sector across the continent which has earned the bank great accolades overtime, Editor of the Banker, Joy Macknight, said that as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.

     ”In a year of strong competition among the continent’s major banking groups, UBA has gained the edge on its rivals to win the Bank of the Year award for Africa for the third time in five years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.

    Only recently, UBA joined companies with N1trillion capitalization having seen its shares grew by over 260 per cent since the beginning of 2023. UBA’s N1tn market capitalisation mark comes amidst the bank’s share being named as the highest performing stock in the banking sector in 2023, which underscores the bank’s robust growth trajectory and unwavering market confidence.

  • UBA’s Leo marks sixth year of impact, with new offerings

    UBA’s Leo marks sixth year of impact, with new offerings

    United Bank for Africa (UBA) Plc, is celebrating the 6th year of operation of its flagship artificial intelligent Digital Assistant and Chatbot – Leo, and has announced new offerings aimed towards deepening the face of digital banking in Nigeria.

    Since its launch on January 11 2018, UBA’s Leo has emerged not merely as a technological asset but as an innovative transformative assistant that has had a profound impact, on the Nigerian and African financial industry. 

    It is important to note that UBA remains the first financial institution in Africa that introduced a digital solution to ease customer transactions at the time when it became necessary in a fast-paced world when customers demanded quick-time transactions and response.

    From its inception, Leo’s footprint has been unmistakably impactful, as the Chatbot – which first began operations on , WhatsApp, Instagram, Apple Messages and Google Business Chat and other social media platforms – has positively impacted the lives of millions of users across the continent, driving financial inclusion, modernising banking and bridging the financial gap that existed.

    UBA has promised that LEO’s services will be even broader and better as it the bank has again invested in first rate cutting edge technology that will further deepen customer experience on Instagram and Google Business, terrains none of its peers can lay claim to.

    UBA’s Head, Digital Banking, Olukayode Olubiyi, who explained this, pointed out that UBA customers indeed agree that Leo is one of the bank’s biggest investments in cutting-edge technology and has been steadily changing the face of banking on the continent.

    He stated: “Six years later, and with over 7 million customers, UBA’s Leo, has without a doubt, remained unequalled as the smartest Banking Chatbot in Nigeria because of its speed and quick learning intelligence and has continued to evolve with so much more to offer its constantly growing customer base”.

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     “While other financial institutions are still trying to find their feet as regards Artificial Intelligence, at UBA, we can proudly say that Leo has become a massive success as it continues to consolidate on its successes and accolades winning several awards as testament to its unparalleled qualities and effectiveness.”

    Reeling off LEO’s achievements in the last six years, Olubiyi, said Leo has been effortlessly enhancing the digital customer experience in banking and also achieving a range of other benefits like 24/7 availability as the chatbot stays available round the clock to assist customers and handle the common financial queries asked by the customers.

    He added that the AI BoT activities has spanned across the bank’s operations in 20 African countries, garnering huge accolades and over 17 prestigious awards globally.

    “With this in mind, we have ensured that, Leo continues to enjoy periodic and systematic upgrade with special emphasis on enhanced advancements and specialised unique features where necessary”, he stated.

    It is important to point out that the uniqueness of Leo lies in the convenience as customers can initiate transactions without leaving their favoured phone applications, and by bringing Leo to the comfort zone of its customers, UBA’s chat banking became a pioneer innovation and has since enjoyed leadership status in the chat banking space.

  • UBA market capitalisation crosses N1tr mark over positive financials 

    UBA market capitalisation crosses N1tr mark over positive financials 

    United Bank for Africa (UBA) Plc has joined the elite group of companies with market capitalisation of over N1 trillion, analysed data from yesterday’s trading sessions at the Nigerian Exchange (NGX) showed.

    The bank’s share price value also hit N29.90 per share.

    Its market capitalisation stood at N1,022,562,698,843, at the close of trading on Monday, making to the third most capitalised financial institution in Nigeria.  Its market capitalisation stood at N283.8 billion at the beginning of the 2023.

    The bank has 34,199,421,366 shares in issue and the shares are being named as the highest performing stock in the banking sector in 2023, demonstrating the bank’s robust growth trajectory and unwavering market confidence.

    The 2023 financial year was a splendid one for UBA. The bank was not only becoming the most profitable bank in Nigeria in 2023, but its shareholders’ fund  rose from N992 billion as at full year 2022 to N1.8 trillion as of September 2023. 

    Specifically, between the start of January 2023 and today, the price of UBA shares has appreciated by over 250 per cent from N7.60 per share.

    Chairman, UBA Group, Tony Elumelu, said that the bank’s remarkable journey in 2023 culminated with its shares being acclaimed as the highest performing stock within the banking sector, as he pointed out that this not only highlights the bank’s strategic prowess but also reflects its commitment to delivering unparalleled value to shareholders and stakeholders alike.

    “As UBA celebrates these significant milestones, we will like all our stakeholders to know that we remain steadfast in our mission to drive sustainable growth, foster innovation, and create value for its diverse clientele across Africa,” Elumelu said.

    “We are witnessing the impact of the business transformation drive UBA embarked on years ago and executed well. Naturally, the market has taken note of and is duly rewarding our efforts. To our stakeholders, our promise is that we will continue to work harder, deliver on what we know how to do well and create impacts across geographies where we currently operate,” he further stated.

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    UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, who expressed delight at the bank’s performance in the past few months, said with its unwavering commitment to excellence and execution, the bank continues to set benchmarks in the banking sector, reinforcing its position as Africa’s global bank of choice.

    “Market participants have begun to appreciate the latent capacity in UBA’s business model as the bank unlocks enormous potentials in its pan African and international operations. Its unique competitive advantage lies in people, processes, and technology.   

    With Operations and offices in 24 countries and on four continents, UBA is the only African bank with deposit-taking license in the USA. The Bank’s fundamentals remain strong with impressive financial results that have continued to deliver sustainable value for its shareholders.   

    At current price, UBA trades at price-to-earning (P/E) and price-to-book (P/B) multiples of 2.27 and 0.59 which are a reflection of the market’s expectations of the Bank’s future growth potentials,” Alawuba said

    UBA is listed on the Premium Board of the Nigerian Stock Exchange in recognition of the Bank’s strong adherence to international best practices on corporate governance and remains committed to creating value for its over 275,000 esteemed shareholders spread across the globe.

    UBA was also appointed as the Local Arranger and Local Depository Bank for the $3.3 billion FX Liquidity support facility for Nigeria in partnership with Africa Export and Import Bank (Afreximbank), providing solutions to economic solutions in Nigeria characterized by shortage of Fx liquidity.

    Likewise, in 2023, UBA won the 2023 FMDQ Gold Awards in three Categories including the Best FX Liquidity Provider; Dealing Institution of the Year and Best Money Market Liquidity Provider. This recognition is a testament to UBA’s impressive capital strength.

  • Three suspected attackers of Chris Uba killed, say police

    Three suspected attackers of Chris Uba killed, say police

    • 51-year-old kidnap victim rescued

    Anambra State Police Command has killed three members of the armed criminal gang that attacked the convoy of the Peoples Democratic Party (PDP) chieftain, Chief Chris Uba.

    During the attack by the gunmen, two police personnel of Enugu State Command were killed at Uga, in Aguata Local Government of Anambra State, on December 28, 2023.

    Commissioner of Police, Mr. Aderemi Adeoye, who confirmed this in an interview with reporters, said a 51-year-old kidnap victim was rescued during the operation.

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    He assured the public that intensive manhunt for the remaining members of the gang was ongoing, noting that there would be no hiding place for criminals.

    He said: “Since the attack at Uga, the gang has been under close surveillance. But what held the police back was to avoid unintended casualties, as this is the season of merrymaking.

    “The police struck immediately the gang was isolated from the innocent public somewhere around Ogboji, in Orumba South Local Government.

    “Three members of the gang were killed, four improvised explosive devices (IEDs) were recovered and defused.

    “In addition, two pump action guns and 16 live cartridges were recovered as well as one Lexus Sport Utility Vehicle (SUV).

    “A 51-year old kidnap victim was rescued.”

  • Ortom, Moro, Uba, others pay tribute to Ngbede’s late mother

    Ortom, Moro, Uba, others pay tribute to Ngbede’s late mother

    The mother of Sir John Ngbede, the Peoples Democratic Party, PDP deputy governorship candidate in the 2023 election in Benue State, Mrs Otiti Ilodu Ngbede who died recently was today laid to rest in Obagaji, Agatu local government area.

    Prominent sons and daughters of the state who were at the funeral included the immediate past governor of Benue State, Chief Samuel Ortom, his Deputy Engr Benson Abounu, Senator Abba Moro, 2023 PDP governorship candidate in the state, Rt Hon Titus Uba, wife of former Senate President, Helen Mark, the member representing Apa/Agatu Federal Constituency, Hon Ojema Ojotu and members of the Benue State Working Committee of PDP who were led to the burial by the Deputy State Chairman of the party, Isaac Mffo.

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    Paying tribute to the matriarch of the Ngbede Obochi family, Chief Ortom said the deceased was a good woman who touched many lives positively and was committed to the service of God and humanity.

    Earlier in a homily, the Prelate, Methodist Church Nigeria, Rev Dr Oliver Ali Abba tasked Christians to always live in a way they would be remembered for their good deeds when they are gone.

  • University of Ibadan names UBA GMD Alawuba as UI @75 Ambassador

    University of Ibadan names UBA GMD Alawuba as UI @75 Ambassador

    Nigeria’s premier ivory tower, University of Ibadan (UI) has appointed the Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Mr. Oliver Alawuba, as an Ambassador of the university following the commemoration of its 75 years in existence.

    The conferment on Alawuba, who is himself an alumnus of the great institution, is in recognition of his sterling contribution and achievements in the banking industry and his efforts at championing the course of the university in corporate Nigeria.

    Speaking during the visit to UBA House, Marina, the varsity’s Vice Chancellor, Professor Kayode Adebowale, narrated the various feats accomplished by the university, as he noted that the celebration of UI at 75 will help galvanise interests in a participatory programme that will last a year, ending in November 2024. The programme is expected to develop the institution and give opportunities in the form of scholarships to more students.

    “As part of the celebration, the university beamed its searchlight to identify our alumni that are all over the world, whose trajectory has impacted positively on the society in both the public and private sectors and who have also contributed towards bringing prestige to the university. We have identified some of our alumni which we have designated as UI@75 Ambassadors. Some of these ambassadors are Vice President Kashim Shettima, Borno State Governor, Babagana Zulum and of course Mr Oliver Alawuba,” the professor said.

    “Oliver Alawuba with over 20 years banking experience spanning private, corporate and investment banking has demonstrated the virtues in which products of the University of Ibadan are known for and we are pleased with his accomplishment. Furthermore, the university shares the Bank’s vision of Excellence, Enterprise and Execution as we look forward to a synergy between the two institutions not only in Nigeria but in Africa and across the world,” he remarked.

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    Alawuba who expressed gratitude to the school’s management following the conferment, took out time to encourage Nigerian universities to establish and source for collaboration within the private sectors. According to him, this is important as the reliance on government by the universities in Nigeria is highly insufficient and is no longer sustainable.

    “As a pan-African financial institution, with presence in 20 African countries and global presence in key financial capitals in the world, UBA would be readily available to champion a new stream of collaboration with our universities towards sustainable development. I am committed to contributing to the growth and development of UI,” he said.

    During the visit, the Chairman of UI@75 and Deputy Vice Chancellor, Administration of University of Ibadan, Professor Peter Olapegba, outlined the activities lined up for the event which would last a year. He also sought private sector support for the Six-Point Development Initiative of the present administration of the University.

    In his over 25 years career in the Financial services space, Alawuba has achieved major milestones and contributed to shaping the Banking landscape across Africa.

    He was at various times, CEO Designate for UBA Cote d Ivoire, CEO UBA Ghana, Regional CEO for West Africa, ED East Bank in Nigeria and later, DMD/CEO UBA Africa, providing leadership for the entire 19 Country operations of UBA across Africa. During these periods, he worked with teams to structure landmark transactions and solutions that redefined most of these markets.

    Presently as GMD/CEO for UBA Plc, he oversees the Global Operations of the bank across Nigeria, 19 other African Countries, UBA America, UBA United Kingdom, UBA France and UBA UAE.

    Under his Leadership, UBA has delivered exceptional and Industry leading financial performance as the Bank continues to support its Customers across its various markets under its Customer First philosophy.

  • UBA’s food bank lifts less privileged

    UBA’s food bank lifts less privileged

    UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Plc,  yesterday, hosted the 2023 edition of its annual Food Bank initiative as part of its line-up of activities to mark the festive season.

    The UBA Foundation Food Bank serves as a charitable event dedicated to supporting the less privileged and individuals in need, around the bank’s community or operation.

    This year, the bank, through the foundation, generously reached out to thousands of individuals in need, extending its community service commitment.

    In Nigeria, the event took place at the UBA Foundation Garden and Roundabout located in Marina, Lagos. Concurrently, similar events were conducted across all countries where UBA operates.

    Several UBA staff actively participated in the event, volunteering their time and resources. Many contributed food items and other essentials, amplifying the Foundation’s mission during this festive period to give back and touch lives.

    UBA’s Group Managing Director/Chief Executive Officer of UBA, Oliver Alawuba, who was on ground to personally share hope to people, emphasized the bank’s commitment to its communities through this initiative.

    He said, “Here at UBA, giving back is embedded in our core values. Over the years, we’ve consistently shown our appreciation to the communities across Africa and in countries of our operation. This initiative underscores our dedication to making a meaningful impact and resonates with our core belief that our success is intertwined with the well-being of our communities.”

    Managing Director, UBA Foundation, Bola Atta, highlighted the Foundation’s focus on empowerment, education, environment and special projects.

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    She said, “The UBA Foundation has been doing this for the past five years now. We remain steadfast in fostering sustainable development within our host communities. As part of our corporate social responsibility, we’re set to provide sustenance to tens of thousands across Africa this festive season. Through our Food Bank initiative, we distribute essential items, including food and hygiene products, to those in need.”

    The event witnessed a substantial turnout, with eager individuals forming long queues, awaiting the Foundation’s charitable offerings. Gratitude and smiles were abundant among recipients.

    One of the beneficiaries, Iya Basit, shared her heartfelt appreciation, to the UBA Foundation, saying, “I am very happy and grateful. Earlier today, I didn’t know what I was going to eat, but I and my children have benefitted from this gifts. This gesture is truly remarkable. You’ve made a significant difference.”

    UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.