Following the resignation of Senator Udoma Udo Udoma as Chairman of the Board of Directors of Union Bank, Cyril Odu has been announced to take over the position. Udoma resigned following his appointment recently by President Muhammadu Buhari as Minister of Budget and National Planning. Odu joined the Board of Union Bank in 2012 following…
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UBA Shines At CFO Award
Pan-African financial services group, United Bank for Africa Plc had an excellent showing at the maiden edition of Nigeria CFO awards when its Group Chief Financial Officer (GCFO) and the Finance Team emerged as double winners at the awards night held on October 2, 2015 at Four Points Sheraton Hotel and Towers, Lagos. UBA CFO,…
Union Bank Backs SMEDAN
As part of its resolve to ensure owners of small businesses in Nigeria get the necessary support, Union Bank of Nigeria Plc has thrown its full weight behind the Small and Medium Enterprises Development Agency, SMEDAN. The bank described Small and Medium Scale Enterprises, SMEs, in the country as the drivers of national development and…
N450m Fraud: Court Throws Union Bank Staff In Kirikiri Prison
An employee of Union Bank, Akpojiyouwi Grace, has been remanded in prison by a Lagos High Court sitting in Ikeja over her role in a mega N450 million fraud. The accused was brought before Justice Babatunde Lawal-Akapo by the Economic and Financial Crimes Commission, EFCC, on Tuesday February 11, 2014 on one count charge bordering…
Union Bank In Slavery Mess, Sacks 137 Staff
Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour. Meanwhile, the bank has recruited another 150…