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Leading in Africa: UBA to expand footprint to 25 African countries Group Chairman Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth

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The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth that the bank’s African network had made over the past 11 years and to provide a platform to reaffirm and embolden its strategic goals.

The Forum brought together 90 participants, including the entire Board of UBA, all Chairmen and all CEOs of UBA subsidiaries across Africa and the United Kingdom. It was timed to coincide with UBA’s Annual General Meeting and Group Board Meeting.

“We are one bank, the United Bank for Africa”, Mr. Elumelu said as he opened the Forum. “Bringing together our senior leadership talent from across the continent and the distinguished leaders who chair our subsidiary businesses is a powerful demonstration of our commitment to forge one bank for Africa.”

“As long-term investors and, may I say, pioneers in pan-African commercial and investment banking, we are deeply committed to the markets in which we operate and to harnessing the potential represented by the wider African economy. Our intention is to be the leader in African financial services, and our recent transactions show this. We see clearly the potential of Africa” said Mr. Elumelu.

UBA subsidiaries operate in 18 African countries and now contribute more than 25 per cent to Group operating revenue. UBA is increasingly recognized as a strong pan-African brand, hailed for democratising banking in its countries of operation whilst participating in landmark financial transactions, including:

· A USD$1.2 billion oil financing agreement with NNPC and Chevron where UBA provided funding for Chevron and NNPC to develop 36 new oil wells that will significantly expand Nigeria’s oil production capacity

· A USD $315 million facility to the Government of Ghana for road projects on the strength of Road Fund levies domiciled with UBA Ghana

· A US$250 million Crude pre-payment facility for Democratic Republic of Congo-based Orion Oil representing the largest reported transaction structured by an African investment bank in 2015 involving fresh capital within the African market.

· A 234 million Euro oil and gas financing deal with Société Africaine de Raffinage (SAR) of Senegal, which underscored its capacity to fund big ticket transactions across Africa

· A USD $180 million to Delta Energy Zambia for the procurement and supply of petroleum products to marketing companies in Zambia

· A USD$90m University of Dakar hostel construction project financed solely by UBA Senegal – African capital, building African infrastructure for African education

“We have done a lot but in many senses we are only beginning to reap the rewards of our network and potential. We are a truly pan-African institution and after this period of consolidation, we know that the continuing expansion of our Africa footprint is a key goal. We must ensure that we have presence in at least 25 countries in the near to medium term, starting from the UMOA and CEMAC zones,” said Mr. Fogan Sossah, Chairman of UBA Senegal during the Forum.

In keeping with the objective of creating an institution worthy of the patronage of clients and the trust of regulators and governments, the three day forum focused on the critical issues and drivers for success across the continent. Seminars were held on Corporate Governance, Corporate Institutionalisation, Board Effectiveness, Compliance, Accountability and more.

Speaking on the breadth and depth of the Forum’s individual sessions, Mrs. Gisele Mudiay, Chairman of UBA Democratic Republic of Congo said: “! Our aspiration for the next five years is to pool knowledge of our individual operating environments and leverage that knowledge to help our customers realize their business goals.”

Noting the difficulties that exist in operating in the diverse economic environments across the African continent, Mr. Ekoto Mukete, Chairman UBA Cameroon said: “While we operate in challenging business environments, we benchmark ourselves against global standards, which means we are able to add real value to our stakeholders. This forum has ensured that we are an army of one, working in each corner of Africa and driving toward one common goal.”

The approval of additional injection of capital into its East African subsidiaries in Uganda, Kenya and Tanzania was communicated at the forum as the group re-affirmed its committment to growth in its countries of operations across the continent.

Commenting on the importance of consolidating pan-African financial expertise and exporting the successful Nigerian model, incoming Group MD/CEO and previous head of UBA Africa, Kennedy Uzoka said: “I have experienced the potential of our pan-African businesses. I know that we can and I commit to ensuring our leadership across Africa. The Senior Leadership Forum reaffirms UBA’s ambition to be the leading pan-African Bank across key indices – brand equity, human capital, customer service and profitability.”

Other items on the agenda at the forum included Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and compliance standards across the Group. The Group Compliance Officer Uche Ike stated that “compliance is non-negotiable. We operate as a global bank, in global centres. We have seen how swiftly internationally and within Africa banks have lost hard earned reputations through laxity in policy compliance and we will not tolerate this in UBA Group“.

The Forum coincided with the 54th Annual General Meeting of UBA(where participants were also able to celebrate the Bank’s strong financial performance) as the week long activities culminated in the dedication of staff at the annual UBA CEO awards ceremony.

UBA reported strong financial results in 2015, in what is largely recognized as a challenging macro environment. Gross earnings were N315bn whilst operating profits stood at almost N70bn. UBA Africa operations currently contribute approximately 25% of these earnings but are expected to grow significantly and over time contribute as much as 50% to overall Group profitability.

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PDP NWC meets in Abuja amid tight security

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Members of the National Working Committee, NWC, of the Peoples Democratic Party, PDP, are currently meeting in Abuja, the nation’s capital.

The meeting, which is being held behind closed doors at the party’s national headquarters, is presided over by the PDP National Chairman, Umar Damagum.

This comes two days after the Supreme Court dismissed a motion for a stay of execution of a High Court judgment removing Senator Samuel Anyanwu from office as National Secretary and replacing him with Sunday Udeh-Okoye.

There was a heavy presence of security personnel, including operatives from the Department of State Services, DSS, the police, and the Civil Defence Corps, at the PDP headquarters in Abuja.

Earlier, party staff clashed with thugs and some members loyal to the embattled PDP National Secretary.

A PDP staff member who witnessed the clash and requested anonymity told journalists that the scuffle began when supporters of Samuel Anyanwu entered the party premises.

According to him, the pro-Anyanwu supporters attempted to lock out some members of the PDP National Working Committee who were arriving for their usual midweek meeting. However, they were overpowered by staff, private security guards, and some police officers attached to the secretariat.

The incident led to the deployment of additional security personnel to prevent a further breakdown of law and order.

 

 

 

 

 

 

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Court dismisses suit seeking to legalize prostitution in Nigeria

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An Abuja Federal High Court presided by Justice James Kolawole Omotosho has dismissed a suit seeking to enforce the rights of commercial sex workers to operate without intimidation from security agents of the Federal Government of Nigeria.

The judge held that the prostitutes have no legal rights to enjoy under any known law or the Constitution of the Federal Republic of Nigeria.

In a judgment delivered on Wednesday, Justice Omotosho said that the commercial sex workers were even liable to be arrested, prosecuted and jailed for two years under the criminal law known as Penal Code.

A Non Governmental Organization, Lawyers Alert Initiative for Protection of Rights of Children, Women and Indigent had sued the Abuja Environmental Protection Board, FCT Minister, Federal Capital Territory Administration (FCTA) and the Attorney-General of the Federation (AGF) as 1st to 4th respondents, respectively.

In the suit marked THC/ABJ/CS/642/2024, the sex workers had sought to stop the FCT minister, Nyesom Wike and the Abuja Environmental Protection Board (AEPB) from harrassing, intimidating, arresting and prosecuting them in Abuja.

They asked the judge to enforce their fundamental human rights to prostitution as enshrined in the Nigerian law.

The suit filed on May 14, 2024, through a team of lawyers led by Rommy Mom, Bamidele Jacobs and Victor Eboh, raised two questions for determination by the judge.

It asked the court to determine whether the duties of the AEPB under Section 6 of the AEPB Act, 1997, extends to the harassment, arrest, detention and prosecution of women suspected of engaging in sex work on the streets of Abuja.

“Whether by the provision of Section 35 (1) (d) of the AEPB Act, 1997, women can be regarded as articles or their bodies regarded as goods for purchase?,” the judge was also asked to determine.

The lawyers, therefore, sought a declaration that the charge made by the personnel of the AEPB before the FCT Mobile Court, which referred to arrested women suspected of engaging in sex work as ‘articles’ and considered their bodies as ‘goods for purchase,’ is discriminatory and violated the provisions of Section 42 of the 1999 Constitution.

They sought a declaration that the duties of the Board does not extend to the harassment, arrest and raid of women suspected of engaging in sex work on the streets of Abuja.

They also sought a declaration that neither Section 6 of the AEPB Act, 1997, nor any extant laws of the country, authorise the Board to arrest women suspected of engaging in sex work on the streets of Abuja.

They further sought a declaration that Section 35(1) (d) of the AEPB Act, 1997, does not refer to women as ‘articles’ or their bodies regarded as ‘goods for purchase.’

The lawyers, therefore, prayed the court for an order restraining the AEPB, its agents or privies, from harassing, arresting and raiding women suspected of engaging in sex work on the streets of Abuja.

They sought an order restraining the 1st respondent, her agents or privies from prosecuting women suspected of engaging in sex work on the streets of Abuja under Section 35(1) (d) of the AEPB Act, 1997.

They equally sought an order directing all the respondents to ensure proper application of the provisions of Abuja Environmental Protect Act, 1997, by the 1st respondent.

However, Justice Omotosho, in his judgement, held that the application of the plaintiff was incompetent under the Fundamental Rights (Enforcement Procedure) Rules, 2009.

The judge held that even if it was competent, “the reliefs sought are not grantable and thus, it is hereby dismissed for lack of merit”.

“This court wonders what kind of message the applicant is sending when it decided to bring an action to protect prostitutes.

“A reasonable person would have expected that the applicant would instead occupy itself with developing the girl child and protecting the sanctity of womanhood instead of promoting immorality and the spread of sexual diseases.

“It is indeed shameful that the applicant should file an action such as this,” the judge held

Justice Omotosho also further held that the judgment of a sister court in suit number: FHC/ABJ/CS/971/2019, exhibited by the group was only of slight persuasive authority.

The judge said he was not bound by the decision of the brother judge being court of coordinate jurisdiction, citing a Court of Appeal’s previous case to back his decision

Justice Omotosho, who equally cited Sections 405(2)(d) and 407 of the Act, said “the import of the above provisions is that prostitution constitutes an offence under the Penal Code Act”.

According to him, it must be stated here that fundamental human rights in Nigeria are not absolute in operation. “There are instances which warrant a legal breach of some rights.

“A common instance is for the arrest of a person suspected of committing an offence under Section 35 (1) (c) of the 1999 Constitution (as amended).”

Citing previous cases decided by the Supreme Court, Omotosho held that it was clear from the above authorities that suspicion of committing an offence is a legal ground to breach the right of a person.

“The women suspected of engaging in sex work on the streets of Abuja or prostitutes or vagabonds are by their actions committing an offence and thus their fundamental rights can be legally breached by the ist respondent.

“Holding a different opinion would mean that a person arrested in the process of robbing others can claim to be entitled to his fundamental rights to personal liberty and freedom.

“This would cause anarchy and chaos In the society,” he said adding assuming that prostitution is not an offence in the FCT, the rights of these prostitutes can legally be violated under Section 45 of the constitution which allows the breach of a person’s right on grounds of defence, public safety, public health, public order and public morality.

“It is a known fact that prostitutes are some of the clearest examples of indecency in the society and they are champions of immorality through their immoral dressing, exposing sensitive parts of their bodies, their use of vulgar language as well as the chief culprits in spreading sexual diseases.

“Allowing prostitutes to have free reign on the streets of Abuja will, in no time, destroy the moral fibre of the city and turn it to a hotbed of immorality.

“This court will not allow such to happen,” he said adding that the court was not unaware that prostitution had been legalised in some western nations, including in the Netherlands where prostitutes are now entitled to pensions and other benefits.

“This is not so in Africa. The African Charter on Human and People’s Rights which is one of the Statutes enforced by the Fundamental Rights (Enforcement Procedure) Rules, is clear on what fundamental rights are in Africa.”
He said looking at the preamble to the charter, the culture of Africans must reflect in their idea of what constitutes human rights.

“This philosophy is what is known as cultural relativism in the framework of human rights. The counterpoint to this is universality which posits that human rights should be the same in all places and should apply to persons irrespective of their culture, religion, race, gender or other differences.

“The idea behind universalism is to ensure uniformity in human rights development. Universality of human rights directly led to the drafting of the Universal Declaration of Human Rights which is the first global human rights document.

“While it is theoretically sound, universalism if applied would offend the unique cultures of some people.

“For instance, the right to same sex marriage which is acceptable in Western nations like the United Kingdom will be deeply unacceptable to conservative and religious nations like Arab nations.
“Thus cultural relativism means that these nations can choose which of these rights to adopt or not.

“This explains why some conservative nations exercise their right to reservation regarding several sections of the Universal Declaration of Human Rights which are in conflict with their cultural beliefs.”

The judge said Nigeria is an African nation with deeply cultural norms that guide everyday conduct.

“I daresay that prostitution is alien and has never been part of our culture. Prostitution or ‘Olosho’ and ‘Ashewo’ as the Yorubas call it, ‘Akwuna-Akwuna’ as the Igbos call it, ‘Karuwa’ as the Hausas call it or ‘Hookup’ as the young people say it, is alien to our culture.

“It has been frowned upon as a deeply immoral act worthy of shame.The fact that civilisation and westernisation has taken some root in Nigeria still does not make it right.

“Even in some Western countries, prostitution is still seen as an immoral act.
“In the United States of America for instance, apart from a few counties in the state of Nevada, prostitution or sex work is illegal in the other 50 states of the US.

“There is absolutely no justification for prostitution in Nigeria in the context of our cultural norms and tradition and in fact prostitution is an anathema in Africa,” he said.

Justice Omotosho held that the prostitutes which the group sought to protect “are vagabonds” and the AEPB is well within its right to arrest and prosecute them as they constitute nuisance in the FCT and are clearly committing an offence by parading themselves as “women of easy virtue.”

“I therefore hold that this application filed by the applicant has no basis and the rights claimed are unenforceable in light of the provisions of Section 45 of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and the Preamble to the African Charter on Human and Peoples Rights,” he declared.

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Tanker explosion kills one, injures three in Lagos

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At least one person has died, with three others injured, in a tanker explosion on the Otedola Bridge in Lagos.

The tanker, laden with Premium Motor Spirit popularly known as petrol, burst into flames on Tuesday night, a situation that forced residents and motorists to scamper for safety.

The Permanent Secretary, Lagos State Emergency Management Agency, LASEMA, Femi Oke-Osanyintolu, confirmed the casualty figure in a statement.

“Three adult male victims with severe burns have been rescued and transferred to Gbagada General Hospital burns unit while the remains of an adult male were also recovered.

“All hands remain on deck to extinguish the flames. Motorists are urged to take alternative routes where possible,” Oke-Osanyintolu said.

Earlier, Oke-Osanyintolu said the agency’s Tiger Response Team was on the scene working to bring the situation under control.

He added that the road has been cordoned off, urging motorists to take alternative routes.

In the same vein, the Lagos State Traffic Management Authority, LASTMA, confirmed the accident in a statement.

LASTMA, in a post on X, said the fire affected nearby structures, including a church, residential house, and mechanics’ parks at Otedola under bridge, adjacent to CMD Road, adding that emergency responders were on ground to handle the situation.

“A tanker has fallen and caught fire, affecting nearby structures, including a church, residential house, and mechanics’ parks at Otedola Under Bridge, adjacent to CMD Road,” the statement read.

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