Union Bank pensioners have unanimously endorsed and approved of the plans and strategies evolved by the management and Board of Union Bank of Nigeria Plc to recapitalise in line with the regulatory requirements.

This endorsement was adopted at an interactive forum with the bank‘s management  under the aegis of Union Bank Pensioners Association and Union Bank General Management Pensioners‘ Club  led by Prince Justus Osokoya and Mr. Jerome Ezegbu  held in Lagos.

After reviewing all the options available to the bank, the pensioners recognised that without the core investor as recommended by the board, union bank would loose its identify and make their  investments and sacrifices as its workers over the years  wasteful.

“We have reviewed and recognised that it is not in the best interest of the pensioners to nationalise union bank. Therefore, we resolved in our various consultative meetings to support every step taken by the management and board to recapitalise the bank” they said.

The pensioners advised the bank to ensure that the bank‘s core values are retained and restored through the adoption of the best banking practices which was the hallmark of union bank in the past. They also appealed to the management to continue to take care of their welfare especially in the areas of medical, monthly pension, concessionary loans, etc.