Mr Elumelu noted that the Group was well prepared for the crisis, having put in place effective measures to ensure that its operations continue smoothly.
held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one-year history.
The Group Chairman also commended the federal and state governments in Nigeria and governments across Africa, for their rapid actions against the threat. He also thanked executive management and members of staff, as he assured shareholders that despite the pandemic, UBA had delivered an impressive performance in its just released first quarter results. He also noted that the Group was well prepared for the crisis, having put in place effective measures to ensure that its operations continue smoothly.
UBA shareholder and President of Association for the Advancement of the Rights of Nigeria Shareholders, Dr Umar Farouk applauded the Group for the contribution of N5bn to the fight against Covid19, adding that the move was unprecedented and will substantially support governments, as they work to tame the scourge. He also hailed the twenty per cent increase in dividends that the Bank proposed to pay to shareholders.
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