Pan African Financial Institution, United Bank for Africa (UBA) Plc has announced that 10 of its loyal customers will get a chance to win N1,000,000 each, in the ongoing UBA Savings Promo which is scheduled to hold on to May 7, 2021 at the bank’s corporate head office, in Lagos.
The ongoing trial of two former chairmen of the Nigerian Bar Association, NBA, Ikeja Branch, Lagos, Adesina Ogunlana and Yinka Farounbi, for an alleged N20.1million fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos continued with a prosecution witness, Thelma Coco-Bassey, further revealing how the defendants diverted the Association’s funds.
Both Ogunlana and Farounbi were arraigned alongside Kappo Aderinola, a former Treasurer of the NBA, Ikeja branch, on Wednesday, May 22, 2019, on a 30-count charge bordering on conspiracy to commit felony, money laundering and stealing to the tune ofN20,100,000.00 (Twenty million, One Hundred Thousand Naira), property of the NBA.
The second and third defendants, Farounbi and Aderinola, who were signatories to the accounts of the NBA, Ikeja branch, allegedly signed some cheques at different times without appropriate authorisation.
They also allegedly gave the cheques to the first defendant, Ogunlana, to cash.
At the court’s sitting yesterday, Coco-Bassey, who is the fourth prosecution witness, PW4, told the court that the first defendant, Ogunlana, lavished the Association’s funds and habitually carried lots of cash in his car.
Led in evidence by counsel for the EFCC, Samuel Daji, the PW4, who was the Treasurer during Ogunlana’s tenure, said: “Throughout the administration of Mr. Ogunlana as the Chairman of my branch, I never knew how monies belonging to the Association were spent and for what purposes.
“It was Mr. Ogunlana who was doing everything and anything without informing the Exco.
“I did not know how he got money or how he spent the money belonging to the Association.”
Coco-Bassey, who was also the Financial Secretary during Farounbi’s tenure, further told the court that she was prevented from carrying out her duties, while she was the Treasurer in the administration of Ogunlana.
She further told the court that, when she assumed the position of Treasurer, the third defendant, Kappo, refused to hand-over cheques and other financial instruments in her possession to her as her successor.
According to her, when she informed and involved Ogunlana, who was the Chairman about Kappo’s refusal to hand-over documents to her, he never made any efforts to correct her.
“All my efforts to get Mr. Ogunlana to persuade Kappo to hand-over documents to me proved abortive and an exco meeting was held to that effect in November 2017,” she added.
In her further evidence, the witness said throughout Ogunlana’s tenure, the excos rarely held meetings until November 2017 when he called for a meeting that was attended by almost all the officers.
She said: “At the meeting, Ogunlana informed the exco that he had asked Kappo to hand-over the cheque books to him and that he would have custody of the cheque books.
“When he called for reactions from members of the exco, the Vice-Chairman under him, Mrs. Caroline Ibharunaefe, told him it was not right.
“It was at the meeting that Mr. Ajbola Akinwale, who was the Public Relations Officer (PRO), opened Section 7(5) of the NBA Constitution, and read it aloud and told Ogunlana to leave all the cheque books to me.
“Instead of doing the right thing, Mr. Ogunlana said the by-laws that Akinwale read, unfortunately, gave him a wide range of powers to do anything as Chairman.”
The witness said though she was always available for duty, cheque books or any financial instruments were not entrusted in her care and Ogunlana never discussed finances with members of the executive.
Coco-Bassey, while being cross-examined by Akinola Olatunji, counsel for Ogunlana, said she joined the NBA Ikeja branch in 2009, adding that, though she was the treasurer, Ogunlana kept her in the dark about the finances of the organisation.
She also denied levying the allegations against Ogunlana due to previous animosity between them.
Coco-Bassey, under cross-examination by Farounbi’s lawyer, Olu Daramola, SAN, further revealed how she tried to call attention of senior members to the fraudulent financial activities in the association.
She said: “I have memos and documents to show that during Farounbi’s tenure there was financial impropriety.
“I wrote letters to past chairmen who are elders of the Bar, drawing their attention to fraudulent activities in the Association.
“Monies were also not accounted for by the second defendant during his regime.
“I can give many examples.”
Justice Dada thereafter, adjourned the case to October 21, 22 and 23, 2019 for continuation of trial.
Rural Resident Expresses Satisfaction On Jumia Service Delivery
At the current pace, there’s no denying the improved fortune of eCommerce in Africa. Even the most ardent doubters of eCommerce viability on the continent will accept that the online shopping business is gaining momentum on the continent, contrary to their forecast and expectations.
Major African markets like Nigeria and Kenya are improving their internet penetration while the number of mobile phone users is rising exponentially. This, in turn, is boosting the online market entrants in urban locations and gradually rubbing off on rural settlements.
As a result, the conversation around eCommerce in a major market like Nigeria has gravitated from doubts on feasibility and acceptance to quality of service delivery, customers expectations and satisfaction. With at least 87 e-commerce platforms in Nigeria, the online shopping community is increasing by the day with innovation and bespoke approaches to address the challenges of the market and meet customers expectations.
In the thick of this, some customers are already having a glimpse of what eCommerce offers at its peak, thanks to the effort of key market players. Iteshi Prince Izuchukwu, a businessman based in Rivers State said he likes shopping online because of the price slash. Based on his experience with several online shopping platforms, he was quick to acknowledge the extra effort of Africa’s market leader on its quality of service delivery. “Things I order include Television, Wristwatches and others. When I buy these items on Jumia, they deliver on time and in good condition,” he stated.
In today’s market where customers demand value for every penny spent, a well thought out packaging that meets the aesthetic taste of the customers can spell a huge impact on the eCommerce business. It can help reduce the volume and cost of return, foster customer loyalty and put the brand in the face of prospects. “I always feel happy when what I ordered is being delivered to me. And as a businessman, I want value for money which I can say I am getting on a platform like Jumia,” Izuchukwu said.
With continuous effort by eCommerce brands to meet customers’ quality, timely and packaging expectations in their service delivery, testimonials like this will go a long way in getting more people onboard the online shopping train.
10 Customers Set To Become Millionaires In UBA Savings Promo
This unique promo intends to appreciate loyal customers of the bank, who have stayed with the bank over the years, and will also offer fresh opportunities for potential and intending customers to join the growing number of UBA millionaires who have in the past benefitted from the ongoing Promo.
To qualify for the draws, new and existing customers of the bank are expected to save N10,000 monthly or N30,000 at once for 3 months; before each draw date. Savings account holders eligible for this draw include Target, Bumper, Next Gen, Savings, Teens & Kiddies).
Some past winners who cut across all regions of the country and have previously benefitted from the promo include; Nnadumije, Ebube Dawn; Onwochei Christiana Okwukwe; Eze Mathias Nnaji; Christian N Orie; Uka, Okwudiri; Okata Stephen Uche; Okafor Onyinye Esther; Nwanekezi Chimezie Jude; Ayomide V Yahaya and Olanegan, Oyetunde Keji.
Others are Emmanuel Onu Chidozie; Mohammed Fatima; Aminu, Mustapha; James Nanre; Pahinti Albert; Emmanuel O Adeniji; Jaki Movihinze Mercy; Saminu Muritala Mohammed; Ezeh Raphael Uballa; Uchenna Iheji. Already the winners have claimed their cash prizes and are currently spreading the news so others can take advantage of this once in a life time opportunity.
Speaking ahead of the forthcoming draw, UBA’s Head, Personal Banking, Ogechi Altraide, said that without a doubt, UBA’s passion for the growth and overall success of its customers cannot be overemphasized, adding that this has consistently been proven in numerous ways. She explained that the bank has consistently invested in cutting edge technology to improve its service delivery and its overall aim of delighting customers.
She said: “With customer-centric promos like the UBA Savings Promo, we have created an ever increasing list of millionaires who continue to join the UBA customer millionaire club. For this edition of the promo, we decided to pick the month of May, which is the month that workers are celebrated across the world for their efforts at contributing to the growth of the economy. We know that this promo will put lasting smiles on the faces of our customers and will also assure them that UBA truly values them,” Altraide said.
UBA’s Head, SME Banking, Sampson Aneke, spoke of UBA’s continuous commitment to give back to its customers especially during these challenging economic periods, where people need all the support they can get to make life more meaningful.
“With this in mind we decided to prioritise them in as we always do at UBA, by giving them plenty to cheer about and that is the reason for the Promo. I have been privileged to visit some of the customers who won in January, and we were more than fulfilled to see happiness and gratitude on the faces of the lucky ones when their cash prizes were presented to them. That feeling is special.
So I enjoin those who are yet to join the winning team, to do so. You never can tell, the next big millionaire could be you,” Aneke said.
United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-one million customers, across over 1,000 business offices and customer touch points, in 20 African countries. With presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.
Access Bank Takes Over Grobank In South Africa
Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
With this new development, Access Bank South Africa Limited is positioned to deliver a robust banking operation that connects key African markets.
At an official closing ceremony in Sandton on Monday, top executives of the two banks were upbeat about new opportunities for clients, noting that the Bank will continue to support all its stakeholders, while opening doors to growth opportunities both in the short and long term.
CEO of Grobank, Bennie van Rooy said, “This is an extremely exciting day for the South African banking industry. Our corporate customers will now have increased access to trade finance, treasury, international payments and loans through the wider distribution network offered by Access Bank’s presence in the key trade corridors that connect Africa to the rest of the world.
“Banking with Access Bank South Africa means greater security as well as access to more products and services through a best-in-class digital platform, and a full retail banking suite will soon be on offer.”
Herbert Wigwe, GMD/CEO of Access Bank Plc, said: “Today’s ceremony in South Africa seals our commitment to delivering our strategic aspirations of becoming Africa’s Gateway to the World, in line with our vision to be the World’s Most Respected African Bank.
“We look forward to the many opportunities our collective experience and deep understanding of the African market brings to our valued clients, and the journey ahead being one of great promise for our institution and the continent.”
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