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VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75

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VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75

** Says bank has shaped narrative of what African institutions can become

By: Our Reporter

The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA Group) in the past 75 years, describing the financial institution as a pacesetter in innovation, emerging markets and generational ambition.

“Seventy-five years is not something you pick up at a supermarket. It is earned. It’s through risks and calculations, through storms and sunshine, through mergers and acquisitions, and through the brainpower and courage of those who believe in its promise of a new world. That is what leadership means,” he declared.

Senator Shettima, who spoke on Friday evening during the UBA 75th Anniversary Dinner at Transcorp Hilton Hotel in Abuja, noted that the celebration of an institution like UBA “that has outlived generations and still pulses with the vibrancy of youth” is not something that happens everyday.

He said, “The United Bank for Africa, or simply UBA, is not what it is because of the age of its ideas. It is what it is because of the attention it pays—attention to innovation, attention to emerging markets, attention to shifting dreams, and attention to the changing contours of generational ambition.

“UBA has remained a pacesetter because it is led by people who do not just manage capital, but manage curiosity”.

Applauding UBA for outliving all its contemporaries, VP Shettima attributed its staying power to its passion for relevance, even as he described the bank as a quintessential specimen of what an African institution could become by institutionalizing excellence.

His words: “UBA’s staying power is owed to its pursuit of relevance. It has stood as a reward for new thinking, expanding not just across geography, but across ideas.

“It serves millions, it shapes economies, and it influences the narrative of what an African institution can become when excellence is institutionalised and when well-intentioned dream-makers are in charge.”

The Vice President did not celebrate UBA without acknowledging the leadership ability of the bank’s Chairman, Mr Tony Elumelu, whom he described as one of the finest sons of the African continent, just as he observed that no institution writes its history without the signature of those who believe in it.

According to him, Elumelu has “become a bridge between the old and the new, between the outdated and the emerging,” adding that he “has won the trust of even the Gen Zs, or whatever this brilliant, digital generation calls itself.”

The Gen Zs, VP Shettima noted, have absolute trust in Elumelu “not because of the era he was born in, but because of the attention he pays to theirs,” observing further that he is being heard across generations because he listens across generations.

He continued: “Tony Elumelu is not a dreamer. Dreamers are those who are stuck in the bubble. Mr Elumelu is a dream-maker. He has made true the imagination of those who wish for an empire from the comfort of their homes. He has taught us that it is possible to build without breaking, to lead without losing touch, and to dream without borders.

“One thing that has amused me about Mr Elumelu over the years is that he has cracked a code many still struggle to decipher—the delicate art of balancing the boardroom with the living room, of being a captain of industry and still a commander at home.

“Not many men have managed a balance between building empires and building families, between saving the world and being present at Christmas in their village. But this man, this maverick, this dream-maker, has shown us that you can help move the continent forward without losing touch with home and family.”

The VP also lauded Elumelu’s wife, Dr Awele Elumelu, saying she is not just a spouse, “but an Amazon—a matriarch who gathers the kith and kin under her warm canopy,” as well as the quiet strength behind the force that is her husband.

Earlier, Group Chairman of UBA, Tony Elumelu expressed profound gratitude to the Vice President while acknowledging the bank’s foundational history.

“This is a night of celebration, gratitude to God and to customers and shareholders who have made it possible,” Elumelu stated.

The Chairman emphasised the importance of honouring those who established UBA’s foundation, saying, “We all today are under the shields because someone planted the tree. The foundation of UBA was laid by people before us, we are only taking it further.”

Looking toward the future, Elumelu expressed confidence in the bank’s continued success, tying it directly to Nigeria’s economic environment.

“On the vision of the next 75 years, just keep transforming our domestic economy as President Bola Ahmed Tinubu is doing, and UBA will keep roaring,” he affirmed.

In his welcome address, UBA’s Group Managing Director, Dr. Oliver Alawuba, expressed gratitude to attendees while highlighting the bank’s remarkable journey since its inception.

“75 years ago, UBA commenced operations at Kakawa Street in Lagos as British & French Bank (BFB),” he said.

The GMD emphasised UBA’s impressive expansion over the decades, noting the bank now operates in 24 countries with 1,000 business offices, over 25,000 staff members, and a customer base exceeding 45 million people.

Dr. Alawuba shared financial metrics demonstrating the bank’s robust performance, including a profit after tax of N766.6 billion and total assets reaching N30.4 trillion.

He said shareholders have been rewarded with a dividend of ₦5 per share, representing a dividend yield of 14.5% – the highest among industry peers.

He also pointed out that the group’s shareholders’ funds rose significantly to N3.419 trillion in 2024 from N2.030 trillion in December 2023.

“The 2024 financial performance demonstrated the bank’s continued focus on driving earnings growth, preserving asset quality, expanding business operations and deepening market share,” Alawuba said.

Looking to the future, the GMD outlined an ambitious vision for UBA to establish a presence in every African country and expand to over 100 countries worldwide within the next 75 years.

VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75

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Reps Hearing: Ojukwu, Stakeholders Push for Stronger NHRC, Legal Shield for Human Rights Defenders

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Reps Hearing: Ojukwu, Stakeholders Push for Stronger NHRC, Legal Shield for Human Rights Defenders

By: Michael Mike

A coalition of government officials, lawmakers and civil society leaders have rallied behind sweeping reforms to strengthen Nigeria’s human rights architecture, as the House of Representatives held a public hearing on two key bills aimed at reinforcing the mandate and independence of the National Human Rights Commission (NHRC).

At the centre of deliberations were the National Human Rights Commission Act (Repeal and Re-Enactment) Bill, 2025 and the Human Rights Defenders Protection Bill, 2024 — proposals advocates say could redefine institutional safeguards for rights protection in the country.

Leading the charge was the Executive Secretary of the NHRC, Tony Ojukwu, who argued that the existing legal framework no longer sufficiently addresses emerging human rights realities.

He maintained that the repeal and re-enactment of the Commission’s Act would entrench greater operational independence, improve oversight functions and guarantee sustainable funding.

According to Ojukwu, the proposed legislation clearly identifies funding streams for a National Human Rights Fund, designed to ensure financial autonomy and enable rapid response in emergencies. He noted that the bill would formally incorporate the National Preventive Mechanism within the Commission, strengthening independent monitoring of detention facilities and reinforcing safeguards against torture and inhumane treatment.

He also said the bill would provide statutory backing for the National Action Plan on Business and Human Rights, a move aimed at holding corporate actors accountable for rights violations and promoting responsible business conduct.

In a significant institutional reform, the bill proposes that the Executive Secretary of the Commission must emerge from within its directorate cadre, rather than being appointed externally. Ojukwu said the measure would preserve professionalism and continuity in the Commission’s leadership.

On the Human Rights Defenders Protection Bill, he stressed that individuals and groups advocating for justice often operate under threats, harassment and intimidation. The proposed law, he explained, would create legal protections and response mechanisms to shield them from reprisals.

Speaker of the House, Tajudeen Abbas, represented by Hon. Useni Jalo, reaffirmed the legislature’s commitment to strengthening democratic institutions through progressive lawmaking. He described the hearing as part of broader efforts to consolidate citizens’ trust in governance.

International partners also signalled support. The United Nations Resident and Humanitarian Coordinator in Nigeria, Mohammed Fall, represented by Ms. Ajuwa Kufour, said passage of the bills would further align Nigeria’s human rights institution with the Paris Principles, the global benchmark for national human rights bodies.

Chairman of the House Committee on Human Rights, Hon. Abiola Makinde, assured stakeholders that the legislative process would remain transparent and inclusive, pledging sustained engagement with civil society and government agencies.

However, dissenting views emerged from the Federal Ministry of Justice. Imarha Reuben, representing the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, cautioned against what he described as legislative proliferation. He argued that Nigeria already possesses adequate legal frameworks and urged lawmakers to focus on harmonising and effectively implementing existing laws rather than enacting new ones.

Despite the differing perspectives, stakeholders broadly agreed that strengthening the NHRC’s legal and institutional framework remains critical to advancing accountability, safeguarding dignity and deepening Nigeria’s democratic culture.

The hearing closed with renewed calls for collaboration between the legislature, executive and civil society to ensure that reforms translate into meaningful protection for ordinary Nigerians.

Reps Hearing: Ojukwu, Stakeholders Push for Stronger NHRC, Legal Shield for Human Rights Defenders

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Shehu Dikko Endorses President Tinubu for Second Term

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Shehu Dikko Endorses President Tinubu for Second Term

By Comrade Philip Ikodor

Abuja, Nigeria – The Chairman of the National Sports Commission (NSC), Shehu Dikko, has called on Nigerians to support President Bola Ahmed Tinubu’s bid for a second term in office come 2027. Dikko made this assertion at the Grand Endorsement event of President Tinubu’s re-election, organized by the National Progressive Hub (NPH), a prominent support group of the All Progressives Congress (APC), held at the Shehu Yaradua Center in Abuja.

Dikko, who hosted the event, highlighted the achievements of the Tinubu administration, including the establishment of the National Sports Commission, which has driven reforms and innovations in sports administration in Nigeria. He also commended the President’s industrial revolution drive, which has led to economic stability and development.

“President Bola Ahmed Tinubu is a great leader committed to positioning Nigeria as a leading nation. His bold economic policies and interventions have yielded positive results,” Dikko said. He also praised the President’s recent executive bill, which mandates key institutions to remit generated revenue directly to government coffers, calling it a significant step towards economic development.

The event also featured the formal inauguration of the 36 state coordinators and the FCT of the National Progressive Hub (NPH) and the unveiling of the Roadmap Framework for strategic grassroots engagement towards the APC’s victory in 2027.

The NPH, a leading APC support group, has thrown its weight behind President Tinubu’s re-election bid, citing his remarkable achievements and commitment to Nigeria’s development. The group is set to mobilize support for the President across the country, leveraging its extensive network and grassroots presence to ensure a landslide victory for the APC in 2027.

The NPH’s endorsement is seen as a significant boost to the President’s re-election campaign, and a testament to his growing popularity and influence among Nigerians.

Shehu Dikko Endorses President Tinubu for Second Term

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

We’re targeting 50% of working population by 2030, says VP Shettima

By: Our Reporter

The Vice President, Senator Kashim Shettima, has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), saying access to consumer credit is critical to Nigeria’s ambition of becoming a one-trillion-dollar economy.

According to him, President Bola Ahmed Tinubu established the CREDICORP to build a trusted credit infrastructure, provide catalytic capital to lower borrowing costs, and help Nigerians overcome long-standing cultural resistance to credit.

Speaking on Thursday in Abuja when he inaugurated the Board on behalf of the President, the Vice President said that the quality of life of Nigerians cannot improve without closing the gap between access to capital and human dignity.

“A civil servant who earns honestly does not have to chase sudden wealth just to buy a vehicle, or save for ten years to buy one. A young professional should not remain in darkness simply because solar power must be paid for all at once,” the Vice President said.

VP Shettima disclosed that in just one year of operations, CREDICORP has disbursed over ₦37 billion in consumer credit to more than 200,000 Nigerians, with over half of them accessing formal credit for the first time.

The Vice President said the organisation is specifically tasked with building credit infrastructure to bridge the trust gap between lenders and borrowers, providing wholesale capital and credit guarantees through its portfolio company.

“Ultimately, these critical jobs of CREDICORP will enable access to consumer credit to at least 50 per cent of working Nigerians by 2030,” he said.

The Vice President explained that the new board’s role is not ceremonial as they are custodians of the organisation’s mission, adding that the long-term strength of the institution would depend on their “vigilance, integrity, sacrifice, and commitment.”

He directed Board members to uphold Public Service Rules, the Board Charter, and all applicable governance frameworks, warning that accountability and stewardship of public resources were non-negotiable.

Earlier, Chairman of CREDICORP, Otunba Aderemi Abdul, expressed appreciation to President Tinubu for his vision behind the formation of CREDICORP and for the confidence reposed in them, noting that the establishment of Corporation marked an important step towards strengthening the nation’s financial architecture.

He assured President Tinubu that the board understands its responsibility and will guide the institution to deliver meaningful benefits to Nigerians.

For his part, Engr. Uzoma Nwagba, Managing Director/CEO of CREDICORP, recalled watching President Tinubu saying 20 years ago that consumer credit is one of the major tools that will improve the lives of Nigerians.

He noted that over the past 18 months, the institution has benefited more than 200,000 Nigerians, including students.

He assured that the presidential vision behind CREDICORP would not be taken lightly, as the team considers their appointments a unique, once-in-a-lifetime opportunity.

Other members of the board inaugurated include Olanike Kolawole, Executive Director, Operations; Aisha Abdullahi, Executive Director, Credit and Portfolio Management; Dr. Armstrong Ume-Takang (MD, MoFI), Representative of MoFI; Engr. Bisoye Coke-Odusote (DG, NIMC), Representative of NIMC; and Mohammed Naziru Abbas, Representative of FMITI.

Others are Marvin Nadah, Representative of FCCPC; Chinonyelum Ndidi, Representative of the Federal Ministry of Finance; Mohammed Abbas Jega, Independent Director; and Toyin Adeniji, Independent Director.

FG Moves To Democratise Credit Access, Inaugurates CREDICORP Board

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