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UBA: Sanwo-Olu Identifies With UBA, Commissions New Branch At Falomo, Lagos

By Stephen Ubanna

Penultimate Friday, was a  very busy day at United  Bank of Africa, UBA, a pan African Bank,  described as one of the most financially solid Bank on the Continent ,  as all roads were said to have led to Afriland Towers, Lagos Island. This is because the  Committee  saddled  with the responsibility of  Coordinating the  Opening of a new  branch of the Bank at Falomo, Lagos,  were busy  putting all the necessary arrangement in place to receive Sanwo-Olu, the governor of Lagos, who has been invited  to Commission the branch.  Afriland Property Development Company , according to sources is a subsidiary of the band.

Given the importance attached to the new Branch, Tony Elumelu, founder of Tony Elumelu Foundation, popular, TEF, a Philanthropic Organisation,  meant to  prop up African Entrepreneurs, and Chairman of  the pan After  including,  Kingsley Uzoka, the Group Managing Director  and other top Management  staff were at the Africaland  Tower premises to receive the governor, who was said to have been invited to commission the branch, described as a marking strategy. At a time when most  Banks are gasping for financial breath, UBA,  has shown that it has noting worry as it continues to expand its operations  both within and outside the country.

Elumelu, who could not hide his joy, that the bank,  has new branch  Lagos Island that has been commissioned   by no other person than Sanwo-Olu, the Lagos state  governor, was said to have looked with rapt attention  as  the  governor moved to cut the tape  declaring the branch open for Customers  to conduct their  transactions.

Giving an insider information, the TEF , founder and Chairman , said the decision to invest on the new branch in the busy Lagos Island was borne out of the need  to solidify  past successes  recorded  by t he Bank  as well as create new vistas for growth of the business.  The  An elated Elumelu explained that the choice of Afriland Towers properties  to site the new branch was not  unexpected  because of its strategic location at the busy Lagos Island to do business.

He is optimistic that the opening of the new branch for Financial Transactions would facilitate the development  of  new projects aimed at ‘’catapulting Lagos as a centre of excellence’’.   An appreciative Elumelu who could not hide his feelings    poured encomiums   on the Property development  Company over its  drive to develop  iconic properties in different parts of the country, including Lagos, the country’s Commercial  nerve centre.

Describing the Afriland building where the new UBA branch was situated as having a lot of history, he noted that the planning has gone into the creation of a beautiful  and clean world-class enterprise.

Given the business relationship between the bank and the property Development Company, he hinted of plans by the Company to develop new properties in the near future .  The building which was said to have been financed alone by UBA, without any counterpart funding from any other Organisation  gives an insight   that it ha s a very solid financial base. Indeed, it was a huge surprise that Bank could open  the new branch’’, a a guest reportedly said .  This may have informed why Elumelu,  the UBA  chairman could beat his chest  to say that ‘’this is just a tip of what  the Bank could  do  to develop a world-class integrated complex as being witnessed on  Friday , February 27, 2020 at Falomo, Victoria Island, Lagos.

Sanwo-Olu, the Lagos state governor,  who was said to be  very happy to associate with UBA and Afriland Properties, in Commissioning the pan African Bank,  new  branch  at Falomo, Victoria Island, to the cheering of the crowd commended the property development  company on the major feat  of developing the world-class office , describing the UBA chairman and TEF, founder . as always’’ coming out with great business ideas  that could benefit he people and boost employment opportunity in the country’’.

He stressed that  the Afriland building has brought back the glory of Lagos.  The governor, who was said to have collaborated Elumelu’s claims that the  house , formerly known as Raymond House which has been transformed into a 21st century building  has a rich history’’.   

The governor may have used the opportunity of commissioning the UBA branch  to announce plans of  his administration  to rebuild some of the old structures in the state, particular, the old Oluwole market, the children’s Hospital at Martins street . The governor may have been encouraged to announce his plan to rebuild some old structures in Lagos because of what he saw at the Afriland premises.

He was said to have gone a step further to announce  plans of  building  a ‘’cable car project   in Lagos Island, stressing that all the buildings that have gone down will be rebuilt to meet up with international standards  which Afriland has shown with the modernization of the old Raymond building at Falomo.

Uzo Oshogwe, Managing Director of  the UBA property company , may have opened up on the modernized Old Raymond building when he disclosed that it was built in 1886, an indication that the Lagos government  could actualise its plans to modernise some old structures  at Lagos Island .

Stephen Ubanna

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