Connect with us

Uncategorized

UBA donates N500 million to Lagos State Security Trust Fund, pledges support for State’s effort at improving security

Published

on

Spread the love

United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses.

The 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.

Advertisement

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.

Advertisements

Uncategorized

Troops rescue 18 kidnapped victims, kill many criminals in Plateau

Published

on

Spread the love

No fewer than three septuagenarians and 15 other kidnapped victims have been rescued by Troops of the Three Division Nigerian Army and Operation Safe Haven in Plateau State.

Briefing newsmen about the latest developments in Jos, Operation Safe Haven Information Officer, Major Samson Zhakom, revealed that the rescue operation was carried out between the borders of Taraba and Plateau States while the rescued victims have been reunited with their families after profiling and documentation by relevant agencies.

Zhakom revealed that some of the criminals were apprehended with ammunition and firearms recovered during the counter-terrorism operations.

In a related development, Troops of Sector Five on Golden Peace Operations said they captured five bandits at a criminal hideout in the Tarangol In Bokkos Local Government Area of Plateau with several items recovered from the criminals which include fabricated rifles, rounds of 7.62 mm (special), cartridges and daggers.

Similarly, the troops intercepted bandits at Jannaret in Mangu local government area while attempting to cause mayhem in the general area.

He said the released victims have been reunited with their families after profiling and documentation by relevant agencies.

Also, troops of Sector Five on Golden Peace Operations said they captured five bandits at a criminal hideout in the Tarangol In Bokkos Local Government Area of Plateau with several items recovered from the criminals which include fabricated rifles, rounds of 7.62 mm (special), cartridges and daggers.

The troops intercepted bandits at Jannaret in Mangu local government area while attempting to cause mayhem in the general area.

Advertisement

The apprehended suspects will be handed over to the appropriate authority for prosecution while investigations are ongoing.

Advertisements
Continue Reading

Uncategorized

Alleged N12.3b fraud: EFCC to arraign Chairman of Honeywell Group, Otudeko, ex-First Bank MD, Onasanya

Published

on

EFCC arrests Edo Accountant General, others days to Obaseki’s handover
Spread the love

The Economic and Financial Crimes Commission will on Monday arraign the Chairman, Honeywell Group, Chief Oba Otudeko, over alleged N12.3bn fraud.

The suit also names a former Managing Director of First Bank, Olabisi Onasanya; an ex-Honeywell board member, Soji Akintayo and Anchorage Leisure Ltd as defendants.

In a suit marked: FHC/L/20C/2025, the anti-graft agency filed 13 charges against the defendants at the Federal High Court in Lagos, bordering on fraud and forgery among others.

They will be arraigned alongside, a former member of the board of directors of Honeywell Flour Mills Plc, Soji Akintayo and a company linked to Otudeko, named Anchorage Leisure Ltd.

All four were listed as defendants in the suit filed by an EFCC prosecutor, Bilkisu Buhari-Bala on Jan. 16, 2025.

According to the EFCC, the four committed the fraud in tranches of N5.2b, N6.2b, N6.150b, N1.5b and N500million, between 2013 and 2014 in Lagos.

In proof of the charge against the defendants, the EFCC intends to call representatives of First Bank including Cecelia Majekodunmi, Ola Michael Aderogba, Abiodun Olatunji, Raymond Eze, Abiodun Odunbola and Adeeyo David all of whom are expected to give evidence of the fraudulent misrepresentation of the Defendants and tender relevant documents.

The EFCC will also rely on the testimonies of representatives of Central Bank of Nigeria, representatives of Stallion Nigeria Limited and representatives of V-tech Dynamics Ltd.

Advertisement

Also included in the EFCC’s list of witnesses are one Farida Abubakar and Adaeze Nwakoby.

According to the Commission, the offences contravene Section 8(a) of Advance Fee Fraud and Other Fraud Related Offences Act 2006 and were punishable under Section 1 (3) of the same Act.

Count 1 of the charge says that Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited between 2013 and 2014 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to obtain the sum of N12,300,000,000.00 (Twelve Billion, Three Hundred Million Naira Only),from First Bank Limited on the pretence that the said sum represented credit facilities applied * for by V- Tech Dynamic Links Limited and Stallion Nigeria Limited, which representation you know to be false, and you thereby committed an offence contrary to Section 8(a) of Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.

In Count 2, it was alleged that the defendants, on or about 26th day of November, 2013 in Lagos, “obtained the sum of N5.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V Tech Dynamic Links Limited which representation you know to be false.”

The 3rd count claims that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

County 4 reads, that you, Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 26th day of November 2013 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to use the total sum of N6,150,000,000,.00 (Six Billion, One Hundred and Fifty Million Naira Only.), which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Sections 18(a), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

Count 5 accuses Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 11th day of December, 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1.5 billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

Advertisement
Advertisements
Continue Reading

Uncategorized

BREAKING: Retired AIG’s wife kidnapped from her residence

Published

on

Retired AIG Hakeem Odumosu
Spread the love

The wife of retired Assistant Inspector General of Police, Hakeem Odumosu, has been kidnapped from her residence in the Arepo area of Ogun State.

The police confirmed that the abduction no occurred in the early hours of Friday when heavily armed men stormed her home and forcibly took her away.

Thr kidnappers shot sporadically into the air while carrying out the attack.

In response to the incident, the Ogun State Police Command has deployed operatives to secure her release and apprehend the perpetrators.

A police spokesperson stated that efforts are underway to gather intelligence and locate the victim, assuring the public of their commitment to ensuring her safe return.

This incident has sparked concern among residents of Arepo, a community known for its relative calm.

Advertisements
Continue Reading

Trending