Kennedy Uzoka
Goddy Egene
The Group Managing Director/CEO of
United Bank for Africa Plc, Mr. Kennedy Uzoka, yesterday said all the
investments made by bank over the years in the area of technology are
now...
yielding positive results.
He also assured shareholders of the bank
that its management and board would continue to meet the needs of
customers in terms of digital patronage in the period of COVID-19
pandemic.
Speaking at annual general meeting of
UBA in Lagos, which was held virtually, Uzoka said the pan-African bank
operating in 20 African countries and also in the United Kingdom, the
United States and France, was prepared for all situation.
“When we learnt about this pandemic, we
immediately activated our business continuity plan. We will continually
do business in a way to ensure that customers do not have to physically
be in the bank. We are set to take our business to the customers
wherever they are and however they want it. Our commitment to our loyal
shareholders is amply demonstrated in our progressive dividend policy,”
he said.
In his address, the Group Chairman, UBA,
Mr. Tony Elumelu, said their commitment to improve lives in Africa
remains a long-term one, hence they are assisting governments in Africa
to curb this pandemic and help sustain employment across the continent.
“I want to also thank the UBA Board of
Directors, who have been responsive in this time of crisis, as the group
donates $14 million to assist governments to fight the COVID-19
pandemic in Nigeria and Africa,” he said.
Elumelu, thanked executive management
and members of staff and assured shareholders, that despite the
pandemic, UBA had delivered an impressive performance in its just
released first quarter results.
Shareholders at the meeting commended
the board of directors and management for the proactive role that the
Group has been playing in helping to lessen the negative effects of the
coronavirus pandemic across the African continent and its robust
financial performance, despite a difficult macroeconomic outlook.
For instance, President of Association
for the Advancement of the Rights of Nigeria Shareholders, Dr Faruk Umar
said: “I am also happy that you fulfilled the promise you made at the
AGM last year to pay dividends in Naira and not kobo, by paying N1.00
per 50 kobo shares to shareholders, in this difficult time. We have seen
the first quarter results, and we are particularly happy about the
performance of our subsidiaries across Africa.”
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