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Kennedy Uzoka is 2019 BusinessDay’s Bank CEO

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Mr. Kennedy Uzoka, the Group Managing Director/Chief Executive Officer of Pan African financial institution, United Bank for Africa (UBA) Plc has won the much coveted  ‘BusinessDay’s Bank CEO’ of the year 2019 award.

Uzoka emerged tops based on his sterling achievements since he assumed the position of Group CEO at UBA three years ago.

Kennedy Uzoka has been successful in pulling increased financial performances and appreciation of shareholders’ investment.  A techie himself, he has ensured massive investment in the digitalisation of the bank’s activities and processes,  particularly the introduction of UBA’s chatbot, LEO which is the first of its kind by any financial institutions in Africa.  Uzoka has also focused on the consistent expansion of UBA’s  activities and services across and beyond the African continent.

Whilst presenting this award to the GMD, the management of BusinessDay Newspapers was quoted as saying, “The visionary leadership of the bank spearheaded by Uzoka has earned UBA the digital bank of the year consistently. The launch of LEO, an artificial intelligence chatbot in January of 2018  has witnessed UBA become the leader in artificial intelligence. Leo is available on different platforms including Whatsapp, Facebook and more recently on IOS, the mobile operating system of Apple Inc.”

Following Uzoka’s appointment on August 1st,  2016, UBA’s customer deposit has grown by 19.4% to N2.49tn away from the four per cent crunch which had been recorded the previous year, while net loans improved from a 3.3 per cent loss position recorded in 2015, to N1.51tn, representing a huge incline by 45.2 per cent.

The strong growth trajectory has continued, three years after Uzoka’s appointment, as seen by the 43 per cent growth in the bank’s shareholding fund to N5.01tn in the three –year period, as the bank has been enjoying excellent ratings from credible international financial rating agencies such as Fitch and Agusto and Co.

Uzoka, who received and acknowledged the award with a keen sense of humility and responsibility, said the bank has been focused on putting the customer first in all its activities, adding that this has been the focal point and driving force of the bank in the past three years.  “Our commitment to customer service excellence is translating to strong, operational and financial efficiency,” Uzoka said.

He reiterated the bank’s commitment to continue to put customers at the forefront of its activities, adding, “We are focused on adding value to the customers as we strive to give them an excellent experience at all times. We do this by having a vivid understanding of our customers and their specific needs, and by effectively monitoring their satisfaction through the feedback mechanism, and more importantly, making valuable improvements from their feedback. I am pleased to see  we are increasingly becoming the bank of choice for individuals and businesses across Africa.”

United Bank for Africa Plc is a leading financial services group in sub-Saharan Africa, with presence in 20 African countries, as well as the United Kingdom, the United States of America and France.

From a single country operation founded in 1949 in Nigeria, Africa’s largest economy, UBA has emerged as a pan-African provider of banking and other financial services, to 17 million customers globally, through one of the most diverse service channels in sub-Sahara Africa; 632 business offices, 1,750 ATMs, some 13,500 PoS, and a robust online and mobile banking platform.

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I Hear EFCC Will Arrest Me Next Week But I’m Not Afraid Or Worried, Says Edo Governor Obaseki

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Edo State Governor, Godwin Obaseki, says the Economic and Financial Crimes Commission (EFCC) plans to arrest and detain him after his tenure ends over alleged fraud.

 

Obaseki’s tenure as governor ends on November 14, 2024.

 

 

According to him, he is aware of multiple petitions filed against him but remains unfazed, willing to turn himself in if summoned, as he has nothing to hide.

 

Obaseki boldly declared that he’s unfazed by potential arrest or investigation into his administration, attributing the petitions against him to vendetta-driven individuals.

 

Speaking at the EdoBEST National Results-Sharing Session in Abuja, Obaseki expressed confidence in his integrity, stating he’d utilize any time spent in EFCC custody to conduct research, as he has nothing to hide.

 

 

Obaseki said his opponents are motivated by envy, seeking to tarnish his remarkable eight-year legacy in the South-South state. According to him, his achievements will endure, despite attempts to discredit him.

 

The governor said he intends to “serve as a resource person after office and I’m going to give the cheapest services so far from lessons garnered in my eight years’ experience as governor”.

 

“I hear that the EFCC will pick me next week after my tenure. Wherever they keep me, I’ll spend time doing research,” he said.

 

“There are many things we have done that can be described as legacy projects. I believe in Edo State; one of the things that will last for a very long time to come is the fact that we were able to focus on Edo people and the things that matter to them, reform and implement those things.

 

 

Why should I have fears? I just focused on what I believe in and today, you can see what has been achieved.

 

“What happens after that is not up to me. They can continue with their political witch-hunt and do all they can to hurt me, that’s their problem.

 

“I’m not afraid, I’m not worried. They have written all sorts of silly petitions against me and that’s part of the challenge.”

 

“In fact, I can even hand myself over, and if they call me, I don’t have anything to hide,” he added.

 

Senator Monday Okpebholo, Edo State Governor-elect, had accused Governor Obaseki’s administration of taking unscrupulous loans from banks and other financial institutions.

 

 

Okpebholo, who alleged the looting of government funds by officials of the outgoing administration, also accused government officials of looting public properties including vehicles, furniture and rice.

 

Okpebholo in October called on relevant authorities including the EFCC, police and Department of State Services to investigate the allegations.

 

 

 

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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