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Elumelu: Senate Committee Chairman, Akinyelure soft pedals on N41bn fraud allegation

Elumelu: Senate Committee Chairman, Akinyelure soft pedals on N41bn fraud allegation

By Henry Umoru – Abuja Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Ayo Akinyelure, Peoples Democratic Party, PDP, Ondo Central has denied media publication reporting his committee to have indicted the Chairman of the UBA Group, Dr. Tony Elumelu, over a N41 billion allegation fraud. Akinyelure has however in a document distanced […]

UBA boosts Nigeria’s oil production with $200m facility

UBA boosts Nigeria’s oil production with $200m facility

The facility is part of a $1.5 billion Pre-Export Finance Facility provided by consortium of Nigerian commercial and international banks, with UBA as the lead arranger, for the Nigerian National Petroleum Corporation, NNPC, and its upstream subsidiary, the Nigerian Petroleum Development Company, NPDC.

N41bn fraud allegation: Apologize to me now, Elumelu tells Sen Akinyelure

N41bn fraud allegation: Apologize to me now, Elumelu tells Sen Akinyelure

By Dirisu Yakubu – Abuja Billionaire businessman, Tony Elumelu, Monday, gave Senator Ayo Akinyelure, chairman, Senate Committee on Privileges and Public Petitions seven days ultimatum to retract a statement credited to him indicting the former United Bank for Africa, UBA, in a N41 billion alleged fraud. Counsels to Dr. Elumelu, in a letter to the […]

UBA appoints two DMDs for Nigeria, Africa

UBA appoints two DMDs for Nigeria, Africa

United Bank for Africa Plc (UBA), the leading pan-African financial services group, has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.