The United Bank for Africa (UBA) intends to create a branch in Saudi Arabia as part of its global expansion strategy. Mr Oliver Alawuba, Group Managing Director (GMD), made the announcement during a send-off dinner for the bank’s retired non-executive directors in Abuja on Wednesday night.
He also stated that the bank would expand its activities across the African continent in the coming year. According to the GMD, the bank today employs over 25,000 people and serves more than 45 million customers in 24 countries. His words: “Our chairman recently visited Saudi Arabia and declared that UBA will establish a presence there the following year. We will also establish new African subsidiaries to ensure that the bank expands from strength to strength.
“The UBA, which employs over 25,000 people and services over 45 million clients in 24 countries, is the legacy you have left.”That is the UBA that will thrive for generations.” Mr. Alawuba assured clients that UBA was committed to its aim of creating a sustainable organisation. He described the bank’s achievement as a collaborative effort and thanked the retirees for their contributions.
In his remarks, the bank’s chairman, Mr. Tony Elumelu, praised the retired directors and their families for their dedication and sacrifice. “UBA is more than a bank; we are a family.These individuals have been unselfish, dedicated, and vital to our success in Nigeria, Africa, and around the world. We are grateful to their families for their support,” Elumelu stated.
Kayode Fashola, one of the retirees, recounted his time at UBA and thanked Elumelu for entrusting him with crucial responsibilities despite his initial lack of familiarity. He remarked, “To work with Elumelu, you must be committed, determined, and skilled.
You should also be faithful. He is someone who puts everything in the hands of someone he does not know. I was a stranger to him, but he appointed me Chairman and General Purpose Committee, and I held that post for four years without him interfering once. Mrs. Onari Duke, Dr. Kayode Fasola, Mrs. Foluke Abdulrazaq, and Ambassador Joe Keshi were the four retired directors.
