UBA Foundation Donates N500 Million to Lagos State Security Trust Fund (PHOTOS)

Published

1 year ago

December 17, 2024

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UBA Foundation Donates N500 Million to Lagos State Security Trust Fund (PHOTOS)—-UBA Foundation led by Tony Elumelu donated N500 million to the Lagos State Security Trust Fund and pledges support for the state’s effort at improving security.

Thecloudngr reports that a sum N500m cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by the UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi, at the State House, Marina, Lagos on Sunday.

Speaking during the presentation, Elumelu reiterated the bank’s dedication to supporting initiatives that ensure the safety and prosperity of communities across Nigeria adding that “At UBA, we understand that security is critical for economic growth and societal well-being. Our donation to the Lagos State Security Trust Fund is a reflection of the bank’s belief in building safer communities to enhance the quality of life for all. We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”

While receiving the N500m cheque, the Lagos State Governor expressed appreciation to the UBA Group and UBA Foundation for the significant contribution and commended Mr. Tony Elumelu for its unwavering commitment to impactful projects, state’s progress and well-being.

He said, “we are grateful to the UBA Group for their significant contribution to the Lagos State Security Trust Fund. This donation will strengthen our efforts to enhance security and protect our citizens. Together we are building a safer Lagos for all”

This latest gesture aligns with UBA Foundation’s Special Projects initiative, which focuses on addressing pressing societal issues through strategic partnerships and impactful interventions. Over the years, UBA Foundation has actively contributed to enhancing education, the environment, and economic empowerment and special projects such as these critical donations across Africa. The Foundation’s commitment to security as a driver of sustainable development is evident in its support for programs like the LSSTF.

Group Chairman, United Bank for Africa (UBA), emphasised the bank’s role as a leader in giving back to society. He explained that in pledging its support to the state’s efforts at improving security, UBA recognizes the vital link between safety and economic stability.

He said, “This partnership with the Lagos State Government reinforces the Bank’s belief in collaborative efforts as the key to addressing security challenges and creating environments where individuals and businesses can thrive. We believe that a secure Lagos State is integral to a secure Nigeria. UBA Foundation will continue to support transformative initiatives that uplift lives and drive development.”

UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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UBA Plc, CEO Alawuba, Others Face Criminal Charges Over Osun LG Accounts

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5 hours ago

January 12, 2026

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UBA Plc, CEO Alawuba, Others Face Criminal Charges Over Osun LG Accounts—-Osun State government has initiated a criminal charge against United Bank for Africa (UBA) its Chief Executive Officer (CEO) Mr. Oliver Alawuba, the bank’s Secretary and Group Legal Adviser, Mr. Billy Odum, and Mr. Chukwuma Nweke, the bank’s Deputy Managing Director, before an Osogbo Chief Magistrate’s Court, Osun State capital, over the state’s local government funds.

UBA Plc and its officials are charged on an alleged 31 count-charge of infractions involving opening of bank accounts for the state’s 30 local government councils, in a marked MOS/601c/2025.

In the count One, Osun State government alleged that the UBA Plc and its officials on or about December 9, 2025, and on subsequent days, at UBA’s Osun State branch office located in the Olonkoro Area of Osogbo, conspired to commit felony by opening, operating and maintaining what it described as illegal Osun State Local Government Council accounts.

They were specifically accused of allowing the opening, operation and maintenance of accounts for each of the local government councils “by unknown private individuals as signatories” after the Local Government Service Commission had introduced to the defendants, Directors of Administration and General Services, and Directors of Finance of all the local governments as signatories to the councils’ statutory accounts.

Court documents indicate that the remaining counts similarly relate to the alleged opening and operation of accounts connected to all the 30 local government councils in Osun State, actions which the state government contended were carried out unlawfully.

The alleged offence, according to the charge occurred within the Osogbo Magisterial District and is said to be contrary to and punishable under Section 516 of the Criminal Code, Cap 34, Volume 2, Laws of Osun State of Nigeria, 2002. And Sections 2 and 3 (1) and (2), and punishable under section 5(1) and (2) of Osun State Local Government Accounts Administration Law, 2025.”

At the last hearing of the charge, the Chief Magistrate, A. A. Adeyeba, ordered that the defendants be served by their various email addresses and other means of substituted service.

The matter was subsequently adjourned to January 30, 2026, for hearing.

At the time of filing this report, no plea had been taken from the defendants, and UBA had yet to issue an official public response to the charges.

The case is expected to attract significant public and legal interest, given its implications for local government finances and the involvement of one of Nigeria’s major commercial banks.

Additionally report from VANGUARD

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BREAKING: Victor Osimhen Stars As Nigeria Beat Algeria To Set Up Morocco Semi-Final Clash

Published

2 days ago

January 10, 2026

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BREAKING: Victor Osimhen Stars As Nigeria Beat Algeria To Set Up Morocco Semi-Final Clash—-The Super Eagles of Nigeria have qualified for the semi-final of the ongoing Africa Cup of Nations in Morocco.

The Super Eagles pulled off a stunning display to beat Algeria 2-0 in their quarter-final clash on Saturday evening, to book their spot.

Eric Chelle’s men dominated the Desert Foxes for most of the first half, but failed to find the back of the net.

The closest Nigeria came to opening the scoring, came when Calvin Bassey’s effort was cleared off the line.

But in the second half, Victor Osimhen headed in Bruno Onyemaechi’s cross, before setting up Akor Adams for the second goal.

The three-time African champions will now clash with the hosts Morocco for a place in the final.

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