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UBA Group Gets Double honours… Wins CEO, 2019 Bank of the Year

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Pan-African financial Institution, United Bank for Africa Plc got double honours over the weekend as it emerged the Bank of the year 2019; while its Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, also emerged CEO of the year at the Business Hallmark Newspaper Awards, held at the Civic Centre in Lagos on Sunday.

Uzoka beat other CEOs to the prize owing to his sterling achievement since he assumed the leadership role of the bank three years ago, whilst UBA was crowned bank of the year following its exceptional performance as it recorded impressive performance in key financial indicators in 2019.

This is the second time this year that Kennedy Uzoka has emerged CEO of the year as he had only recently clinched the Business Day Banking Awards, (BAFI). The recognitions and awards have further endorsed his visionary leadership style which has consistently earned UBA a plethora of laurels.

Receiving the awards on behalf of the bank, at a well-attended ceremony, which assembled distinguished personalities, UBA’s Executive Director, Mr. Ayoku Liadi, who represented the GMD, thanked the organisers for the recognition, noting that he was proud to work at one of the best institutions in Africa.

“We are creating superior value for all our customers, because we believe they are key to our everyday operations and this commitment, without a doubt has been yielding dividends,” Liadi said.

He continued: “Whilst we are encouraged by these awards, the recognitions present new challenges to us, as we will intensify our commitment towards setting benchmarks for the industry, particularly in our strategic roles,”

The Organiser of the awards and the Chief Executive Officer of Business Hallmark, Emeka Obasi, who spoke at the event explained that the best CEO award is borne out of the need to recognise achievements of financial executives who have been outstanding in their profession and have contributed in no small measure to the growth of their organisations and the economy at large.

Obasi also noted that the award given to UBA, is no doubt a well-deserved one, as is evidenced in the banks numerous innovations, and consistent investment in cutting edge technology giving birth to many firsts, including the launch of Leo the Chat Banker, in January of 2018. This fear has earned the bank the number one position in the digital space.

“Uzoka also did well by focusing on consistent expansion of UBA’s activities and services across and beyond the African continent”, all this is worthy of recognition.” Obasi concluded.

Just recently, UBA released its nine-month results ended September 30, 2019, closing the period with an impressive after-tax profit of N81.63bn, a growth of 32% over that of 2018, a momentum the bank will most likely sustain into the full-year, pointing to the possibility of even higher profits.

The bank’s gross earnings for 2019 nine-month stood at N428.22bn, compared to N310.45bn in 2018, representing 37.94% rise, while profit hit N81.63bn, from N61.7bn in 2018. The UBA group’s impairment charges on financial assets for the period decreased to N6.66bn, compared to N10.67bn in 2018, resulting in a decline in loan loss provision of 37.58%, thereby boosting the bank’s profit for the period.

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Just In: Nasir El-Rufai quits APC, joins SDP

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Nasir El-Rufai, former Governor of Kaduna State and a founding member of the All Progressives Congress (APC), has announced his defection from the ruling party to the Social Democratic Party (SDP).

 

In a statement released on Monday, March 10, 2025, El-Rufai explained that his decision was primarily driven by a growing misalignment between his personal values and the direction of the APC.

 

The Kaduna politician expressed his disappointment with the leadership of the APC, accusing the party of straying from the progressive ideals upon which it was founded.

 

 

El-Rufai shared that he had raised concerns about the party’s trajectory both privately and publicly over the past two years but found no willingness among the current leadership to address these issues.

 

Read the full statement below:

 

As a founding member of the All Progressives Congress (APC), I have fond memories of working with other compatriots to negotiate the merger of political parties that created the APC. It had been my hope since 2013 that my personal values and that of the APC will continue to align up to the time I choose to retire from politics.

 

Developments in the last two years confirm that there is no desire on the part of those who currently control and run the APC to acknowledge, much less address, the unhealthy situation of the party.

 

On my part, I have raised concerns in private and, more recently, in public regarding the capricious trajectory of the party. Therefore, at this point in my political journey, I have come to the conclusion that I must seek another political platform for the pursuit of the progressive values I cherish.

 

Founders rightly feel attached towards institutions they helped create, but one must be pragmatic enough to admit when a divergence appears unbridgeable. I have diligently served the APC and made my contributions to its viability as a political platform, but I recognize that the party has since strayed and left me stuck in the vision of its well-meaning founding fathers and mothers.

 

As a loyal party man, I worked to help secure the APC’s election victories in 2015, 2019 and 2023. I was one of the many governors elected on the party’s platform in 2015 and 2019, that stood for certain democratic and progressive principles to advance nation-building. My eight-year tenure in Kaduna State was devoted to implementing progressive policies to advance human development in education and healthcare, as well as expand infrastructure, promote equality of opportunity, create jobs and attract investments.

 

These records count for little in the current APC that has castrated its organs and treated its membership with contempt in the last two years. I find this no longer acceptable.

 

 

Today, 10th March 2025, I have submitted a letter resigning my membership of the APC to my ward in Kaduna, effective immediately.

 

 

Prior to this step, I had concluded consultations with my mentors, colleagues and loyalists across the country about the future. I have now decided to join the Social Democratic Party (SDP), and adopt it as the platform for our future political engagements and activities.

 

 

Without prejudice to this decision, as a member of the SDP, I will focus on engaging with and persuading other opposition leaders and parties to join us and congregate under a unified democratic platform to challenge the APC in all elections and bye-elections between now and 2027 by the Grace of God. I therefore call on all our supporters and other persons concerned about our country’s future to join us in the SDP in the journey towards making Nigeria flourish as a beacon of pride for Africans and the Black Race.

 

Thank you and God Bless the Social Democratic Party.

 

 

God Bless the Federal Republic of Nigeria.

 

Nasir Ahmad El-Ru

fai, CON

Abuja, Nigeria

10th March 2025

 

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Yahaya Bello paid $845,852 in advance for his children’s school fees – Witness

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An official from the American International School, Abuja, on Wednesday testified in the Federal High Court in a case of money laundering involving former Kogi State Governor Yahaya Bello.

 

The official revealed that the former governor paid a total of $1,606,763.68 in school fees for his children.

 

Nicholas Ojehomon, an auditor at the school, gave this testimony during the ongoing trial, where he appeared as a prosecution witness for the Economic and Financial Crimes Commission (EFCC). Ojehomon confirmed that the payments covered Bello’s children’s tuition fees up until their graduation, with part of the amount paid upfront for future school fees.

 

Bello is facing a fraud charge amounting to N80.2 billion filed by the EFCC. During the trial, the prosecution presented financial records, including detailed statements from the school, showing payments made on behalf of Bello’s children.

 

In earlier testimony, Williams Abimbola, a compliance officer at United Bank for Africa (UBA), had submitted documents showing transactions related to the school fees. The EFCC had previously alleged that just before leaving office, Bello paid $760,000 as an advance for his children’s school fees, which was later refunded following an investigation.

 

On Thursday, Ojehomon testified that Bello’s brother, Ali Bello, facilitated the school fee payments. He explained, “Mr. Ali Bello contacted the American International School, Abuja, on Friday, August 13, to arrange payment for the school fees of the Bello children until they graduate. The school management accepted the payment.”

 

 

Ojehomon confirmed that the payments were made for four of Bello’s children, enrolled in Grades 8, 6, 4, and 2, and also included fees for future children who were expected to start in August 2022, assuming space was available.

 

The amounts paid for each child included: $90,074 for the child in Grade 8, $87,470 for the child in Grade 6, $26,241 for the child in Grade 4, and $18,707 for the child in Grade 2.

 

The witness also identified a contractual agreement between the school and Ali Bello, detailing the prepayment arrangement.

 

 

EFCC counsel Kemi Pinheiro (SAN) presented the school’s admission and prepaid tuition documents as evidence. Ojehomon further testified that a refund of $760,910.84 was made to the EFCC, confirming that the refund was transferred to an account at the Central Bank of Nigeria.

 

The court also heard from Williams, the UBA witness, who submitted additional financial documents related to accounts managed under Bello’s administration. She testified that multiple withdrawals were made through cheques from the Kogi State Government House account, often broken into tranches of N10 million, with funds primarily issued to two individuals, Abdulsalam Hudu and Aminu J.O.

 

Williams confirmed that, on December 12, 2018, ten transactions of N10 million each were processed in favor of Abdulsalam Hudu. Key signatories to the account were also named, including Christopher Enefola (Permanent Secretary), Onekutu Daniel (Chief Accountant), and Abdulsalam Hudu (Accountant).

 

 

However, under cross-examination, Williams admitted that Yahaya Bello’s name did not appear in any of the transactions related to the Kogi Government House account. Defense counsel, Daudu, noted that Bello’s name was absent from the documents presented, to which Williams confirmed it was not listed. She further clarified that she was not the account officer in charge of the Kogi Government House account, which was managed from Lokoja, Kogi State, rather than her branch in Area 3, Abuja.

 

Justice Emeka Nwite adjourned the trial to Friday, March 6, for further proceedings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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VICE PRESIDENT SHETTIMA TO ATTEND NACC 65TH ANNIVERSARY GALA IN LAGOS

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The Nigerian-American Chamber of Commerce (NACC) is set to celebrate its 65th anniversary with a grand gala dinner, featuring His Excellency, Vice President of Nigeria, Alhaji Kashim Shettima, as the Special Guest of Honour.

 

The prestigious event will take place on April 12, 2025, at Lagos Continental Hotel, Victoria Island, Lagos, with the red carpet reception commencing at 5:00 PM.

 

The highlight of the evening will be the inauguration of Alhaji Sheriff Balogun as the 20th President of NACC.

 

Alhaji Balogun will also unveil his leadership team, while outlining strategic initiatives to strengthen bilateral trade relations between Nigeria and the United States.

 

As part of the evening’s programme, 40 new members will be inducted into the chamber, and the NACC multi-storey building project will be officially launched.

 

The gala will also honour outstanding Nigerian and American companies and distinguished individuals, including past presidents of the chamber, for their contributions to economic growth and trade relations.

 

The President of Africa Finance Corporation (AFC), Mr. Samaila Zubairu, will chair the event.

 

Dignitaries confirmed to attend include Governor Uba Sani of Kaduna State, Governor Dauda Lawal of Zamfara State, Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, Founder and Chairman of Elizade Group, Chief Michael Ade-Ojo and Chairman of Odu’a Group, Otunba Bimbo Ashiru.

 

Others are Founder of Afe Babalola University, Aare Afe Babalola, Chairperson of Brittania-U Nigeria Limited, Catherine Uju Ifejika, Comptroller General of the Nigerian Customs Service, Bashir Adewale Adeniyi, and Chairman of Zinox Technologies Limited, Leo Stan Ekeh.

 

His Excellency, Governor Babajide Sanwo-Olu of Lagos State, will serve as the Chief Host of the occasion.

 

For 65 years, the Nigerian-American Chamber of Commerce has been at the forefront of fostering bilateral trade relations between Nigeria and the United States, serving as the premier platform for business growth, networking, and investment opportunities.

 

The Chair of the Planning Committee, Dr.Ikenna Nwosu, says all the guests will be treated to one of the grandest anniversary galas ever experienced in the country.

 

 

*VICTOR OJELABI*

Senior PR Associate

Neo Media & Marketing | Chair, Publicity Committee, NACC Presidential Inauguration Dinner & Awards Night

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