Shareholders of United Bank for Africa, UBA, Plc have commended the board and management of the bank  for its sterling performance and dividend payment to investors during the financial year ended December 31, 2012.

The shareholders, who approved the payment of N0.50 per share at the bank’s Annual General Meeting (AGM) in Abuja, affirmed that the restructuring and transformation of the bank have been beneficial to investors.

A shareholder and National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, in his observation stated, “We are happy with the dividend for the 2012 financial year because it represents a consolidation of the bonus shares that we received in the previous year.”

Continuing, Nwosu said, “The board and management should be commended for the way they handled last year’s transformation of the bank; they have done well and we look forward to a better dividend next year.

In his statement to shareholders, Chairman of UBA, Chief Israel Ogbue, noted that the 2012 financial year ushered in a new era for UBA, with the consolidation of its-African expansion.