[PHOTOS] UBA Celebrates 70th Anniversary, Hosts Glamorous CEO Awards

[PHOTOS] UBA Celebrates 70th Anniversary, Hosts Glamorous CEO Awards

Posted on April 29, 2019 Authornewsheadline247

Foremost Pan African bank, United Bank for Africa, UBA marked its 70th anniversary last Saturday. The event, which also featured the annual CEO awards, was held at Eko Hotel and Suites, Victoria Island, Lagos. The event featured performances by pop stars, Tiwa Savage, Waje among others.   Chairman of UBA Group, Tony Elumelu, his wife,

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More winners to emerge in ‘UBA Wise Savers’ promo

More winners to emerge in ‘UBA Wise Savers’ promo

Posted on April 17, 2019 Authornewsheadline247

The United Bank for Africa (UBA) Plc recently announced that another set of 20 loyal customers will get a chance to win N1,500,000 each, in the second edition of its quarterly draw for the ongoing ‘UBA Wise Savers’ promo which will hold this month. The bank explained that the development would be an opportunity for

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UBA, Sahara Energy lock horns in legal battle over N15bn debt

UBA, Sahara Energy lock horns in legal battle over N15bn debt

Posted on April 13, 2019 Authornewsheadline247 Comment(0)

UBA Plc has filed a winding-up petition against Sahara Energy Resource Limited (Sahara Energy) at a federal high court in Lagos. The petition was based on a N15 billion loan owed by KEPCO Energy Resources Limited (KEPCO). Sahara Energy had stood as a guarantor to KEPCO. A winding up petition is a legal action taken by

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More millionaires to emerge in UBA Wise Savers Promo

More millionaires to emerge in UBA Wise Savers Promo

Posted on April 3, 2019 Authornewsheadline247

As part of UBA’s commitment to support the savings culture in Africa, the bank is rewarding its loyal customers for saving towards their goals. So far, twenty customers have been rewarded with N1.5 million each has since the promo began in September 2018. At the second draw happening in April, 20 lucky savers will also

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N282.7 Million UBA Fraud Scandal: Absence of witness pends trial

AGENCY REPORT Business

N282.7 Million UBA Fraud Scandal: Absence of witness pends trial

The trial of Frank Karkitie, an oil marketer, charged with defrauding UBA of N282.7 million was stalled on Thursday following the absence of a prosecution witness. Mr Karkitie is being tried alongside his company, Enegas Power Ltd, Dawodu Sheriff and Ogbemudia Benson. The defendants are facing a six-count charge bordering on conspiracy to obtain money

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BREAKING: N541 Billion Debt: Access Bank, Others Take Over Etisalat Nigeria

The Capital NG>>> A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15.

The take-over followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse.

Akpabio in trouble: EFCC to seize his properties over N108bn fraud

The Economic and Financial Crimes Commission is intensifying investigation on ex-Governor of Akwa Ibom State, Sen. Godswill Akpabio.

The EFCC is investigating allegations that the former governor embezzled N108bn during his tenure between 2007 and 2015.

How top bank, UBA linked to the failed coup in Turkey

Yenisafak, a Turkish newspaper, has alleged that the United Bank of Africa (UBA) played a key role in the distribution of funds for the facilitation of the failed coup.

But a spokesman for UBA has told TheCable the report is false and that the bank would issue a statement on Tuesday to deny the allegations.
John F. Campbell, a general in the US Army, is alleged to have orchestrated the military coup attempt in Turkey, which took place on July 15, but he has described the allegations as “ridiculous”.

CIA operatives were said to have transferred millions of dollars from Nigeria to Turkey within six months.

Men like gods.........

F

....… Billionaire moguls and captains of industry President Buhari cannot do without

Aliko Dangote, Femi Otedola and Mike Adenuga Jnr

Nigeria, like a lovelorn bitch, lives for the adoration of deities. That is why she fetes and fortifies supermen or manmade gods with outrageous waivers and policies, as the circumstances demand. Nigeria therefore, may be illustrated by a simple dynastic arrangement into three divides: the ruling class, gods controlling the ruling class and the commoners.