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UBA denies shareholders’ calls for Sanusi’s resignation

By Michael Eboh
LAGOS—United Bank for Africa, UBA, Plc has denied reports that its shareholders, at its recently-concluded annual general meeting, asked Malam Lamido Sanusi to resign as the Governor of the Central Bank of Nigeria, CBN.

According to a statement signed by Mr. Martin Anyanwu, the bank’s Director, Marketing and Corporate Relations, the issue of the CBN Governor or his reforms in the financial services sector were not part of the agenda for the annual general meeting, which was held Monday, 10 May.

In the statement, entitled:  Re-UBA Shareholders Ask Sanusi to Resign: the bank said: ”Our attention has been drawn to newspaper reports that shareholders of the United Bank for Africa (UBA) Plc at the 48th Annual General Meeting (AGM) in Abuja on Monday May 10, 2010 have asked the Central Bank of Nigeria,  CBN Governor, Sanusi Lamido Sanusi, to resign.

This is not true, and for the avoidance of doubt, we wish to set the records straight as follows;
•That at no time, during the AGM proceedings, was other matters outside of the AGM agenda, including those bordering on the performance of the Central Bank Governor discussed.

•That UBA AGM was broadcast live by the African Independent Television, AIT, hence it is verifiable that no comment was made at the AGM by shareholders regarding the CBN Governor as carried by some papers.

•That any person or group of persons, who expressed such views outside the AGM in the form of interviews or other press interactions, did so in their personal capacities.

•That such personal opinion does not represent the collective view of the bank’s shareholders during their meeting.
•That UBA Plc is disassociating itself from the said publications and any of such in the future, concerning the Central Bank of Nigeria and its management.


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