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UBA Pledges Commitment To Using Cutting Edge Technology

Published

6 years ago

November 3, 2019

Editor

Pan African financial institution, United Bank for Africa (UBA) have announced that it is committed to continued investment in cutting edge technology for efficient and improved service delivery to its customers and by extension the business community.

The Chief Executive Officer, UBA Africa, Victor Osadolor, made the disclosure during a well-attended flag off ceremony of the 2019 Lagos International Trade Fair (LITF), in which UBA is the headline sponsor. The event, which held at the Tafawa Balewa Square, had in attendance distinguished guests, including the Deputy Governor, of Lagos State, Mr. Obafemi Hamzat; President, Lagos Chamber of Commerce and Industry, Babatunde Paul Ruwase; Minister of State for Industry, Trade and Investment, Hajia Mariam Katagum; Commissioner for Commerce, Industry and Cooperatives, Lagos State, Lola Akande amongst others, Special Adviser to Lagos State Governor on Commerce, Industry, and cooperatives, Ajayi Oladele, among others.

Osadolor used the occasion to launch another first of its kind in Nigeria’s financial sector, from UBA, called self-printing debit card machine, targeted at encouraging increased use of debit cards which also offers more options to pay.

The new self-printing debit card machine will allow for seamless business transactions with great value to customers and businesses.

He stated that that there is no gain saying that the world is tilting into a knowledge based economy, adding that businesses that would survive in the 21st century must invest in technology to remain competitive.

He also commended the federal government’s efforts at improving the nation’s investment climate, saying this is the reason the country is currently ranked fifteen place upwards in the global ease of doing business index.

He also added that the bank would continue to support initiatives aimed at boosting trade in the country.

On delivery of its brand promise, he said, “We are creating superior value for all our customers, because we believe they are key to our everyday operations.”

He further said, the bank’s small and medium scale enterprise banking unit has been actively supporting small businesses with

industry-specific loans that ensure maximum impact.

According to Osadolor, UBA also keys into government intervention funds to expand access to credit facilities at competitive interest rates, while providing services such as advisory and technological infrastructure that help to reduce the cost of doing business.

“Most of our customers have enjoyed free advisory services that have helped them navigate the very difficult business terrain. We also have businesses, latching on to our technological assets to improve their services as well as foster growth”

Osadolor restated UBA’s commitment to continue investing heavily in technology to remain a pillar to millions of businesses that have not only chosen to bank with UBA, but have also partnered the bank for growth.

“We are consistently supporting our SMES. We have a huge amount of funds allocated to SMEs. UBA is committed to supporting entrepreneurship. We are the major promoter of the Fair. The new self-printing debit card machine will go along way in allowing for seamless business transactions with attendant value to businesses.

He stated that: “At UBA, we are committed to being role models for African businesses by creating superior value for all the stakeholders. Therefore we have over the years recorded increased growth”

Earlier, the Governor of Lagos State, Babajide Sanwo-Olu, represented by the Deputy Governor, Lagos State, Dr. Obafemi Hamzat, said the State’s commitment to promoting and connecting businesses across transnational borders, remains strong and unshaken.

“We shall leave no stone unturned to ensure that Lagos State truly becomes a 21st century economy which actively supports the growth of the local economy through improved ease of doing business initiatives, innovative incentives and interventions as well as quality service delivery to a well-motivated public,” he said.

On his part, the President of LCCI, Mr. Babatunde Ruwase said the theme of this year’s fair underscores the importance of a robust business interaction to generate wealth and create value for the advancement of the Nigerian economy and the welfare of the citizens.

Ruwase said, “Creating a platform to promote trade and bilateral relations is of utmost importance to the LCCI.

“In UBA, we have chosen a suitable partner with extensive reach on the continent with capacity to engineer a seamless financial transaction required for an international trade fair of this magnitude,” he said.

Speaking further on the partnership with UBA, he said: “The LCCI and UBA have partnered to give exciting services to visitors and exhibitors at the fair.

UBA is a foremost Pan African financial institution operating in 20 African countries, including the United Kingdom, the USA and France, thus offering unique services to the delight of visitors and exhibitors during the fair. This tells you that, we are more than committed to ensuring the business environment is beneficial for all investors.

“As a policy advocacy group, our programmes and activities are geared towards facilitating the realisation of the economic and social objectives of the government and making Nigeria an attractive destination for investment.

“Our economic and investment policies must be friendly to make Nigeria a major investment hub in Africa. ”

He said Nigeria needs the right policies as well as a strong commitment to infrastructure development that will help revive investors’ confidence in its economy.

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Opposition Parties Reject 2026 Electoral Act, Demand Fresh Amendment

Published

17 hours ago

February 26, 2026

Eric

Opposition political parties have rejected the 2026 Electoral Act recently passed by the National Assembly, which President Bola Tinubu swiftly signed into law.

The parties called on the National Assembly to immediately begin a fresh amendment process to remove what they described as “all obnoxious provisions” in the law.

Their position was made known at a press briefing themed “Urgent Call to Save Nigeria’s Democracy,” held at the Transcorp Hilton Hotel in Abuja on Thursday.

In a communiqué read by the Chairman of the New Nigeria Peoples Party (NNPP) Ahmed Ajuji, the opposition leaders stated:

“We demand that the National Assembly immediately commence a fresh amendment to the Electoral Act 2026, to remove all obnoxious provisions and ensure that the Act reflects only the will and aspiration of Nigerians for free, fair, transparent and credible electoral process in our country. Nothing short of this will be acceptable to Nigerians.”

Some of the opposition leaders present in at the event include former Senate President David Mark; former Governor of Osun State, Rauf Aregbesola; former Vice President Atiku Abubakar; former Governor of Rivers State, Chibuike Rotimi Amaechi; and former Governor of Anambra State, Peter Obi, all from the African Democratic Congress (ADC).

The National Chairman of the New Nigeria Peoples Party (NNPP), Ahmed Ajuji, and other prominent members of the NNPP, notably Buba Galadima, were also in attendance.

The coalition said the amended law, signed by Bola Tinubu, contains “anti-democratic” clauses, which they argue may weaken electoral transparency and public confidence in the voting system.

At the centre of the opposition’s concerns is the amendment to Section 60(3), which allows presiding officers to rely on manual transmission of election results where there is communication failure.

According to the coalition, the provision weakens the mandatory electronic transmission of results and could create loopholes for manipulation.

They argued that Nigeria’s electoral technology infrastructure is sufficient to support nationwide electronic transmission, citing previous assurances by officials of the Independent National Electoral Commission (INEC).

The parties also rejected the amendment to Section 84, which restricts political parties to direct primaries and consensus methods for candidate selection.

They described the change as an unconstitutional intrusion into the internal affairs of parties, insisting that indirect primaries remain a legitimate democratic option.

The opposition cited alleged irregularities in the recent Federal Capital Territory local government elections as evidence of what they described as a broader pattern of electoral compromise.

They characterised the polls as a “complete fraud” and said the outcome has deepened their lack of confidence in the ability of the electoral system to deliver credible elections in 2027.

The coalition also condemned reported attacks on leaders of the African Democratic Congress in Edo State, describing the incidents as a serious threat to democratic participation and political tolerance.

They warned that increasing violence against opposition figures could destabilise the political environment if not urgently addressed.

In their joint statement, the opposition parties pledged to pursue “every constitutional means” to challenge the Electoral Act 2026 and safeguard voters’ rights.

“We will not be intimidated,” the leaders said, urging civil society organisations and citizens to support efforts aimed at protecting Nigeria’s democratic system.

On February 18, 2026, President Bola Tinubu signed the Electoral Act (Amendment) 2026 into law following its passage by the National Assembly. The Act introduced several reforms, including statutory recognition of the Bimodal Voter Accreditation System and revised election timelines.

However, opposition figures such as Atiku Abubakar and Peter Obi have also called for further amendments, particularly over the manual transmission fallback clause, which critics say leaves room for manipulation.

The president said the law will strengthen democracy and prevent voter disenfranchisement.

Tinubu defended manual collation of results, questioned Nigeria’s readiness for full real-time electronic transmission, and warned against technical glitches and hacking.

The Electoral Act sparked intense debate in the National Assembly over how election results should be transmitted ahead of the 2027 general elections.

Civil society groups under the “Occupy NASS” campaign demanded real-time transmission to curb manipulation.

In the Senate, lawmakers clashed during consideration of Clause 60, which allows manual transmission of results if electronic transmission fails.

Senator Enyinnaya Abaribe (ADC, Abia South) demanded a formal vote to remove the proviso permitting manual transmission, arguing against weakening real-time electronic reporting.

The move led to a heated exchange on the floor, with Senate President Godswill Akpabio initially suggesting the demand had been withdrawn.

After procedural disputes and a brief confrontation among senators, a division was conducted. Fifteen opposition senators voted against retaining the manual transmission proviso, while 55 supported it, allowing the clause to stand.

Earlier proceedings had briefly stalled during clause-by-clause review, prompting consultations and a closed-door session.

In the House of Representatives, a similar disagreement came up over a motion to rescind an earlier decision that mandated compulsory real-time electronic transmission of results to IReV.

Although the “nays” were louder during a voice vote, Speaker Tajudeen Abbas ruled in favour of rescinding the decision, triggering protests and an executive session.

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AFP: How Tinubu’s Govt Paid Boko Haram ‘Huge’ Ransom, Released Two Terrorists for Kidnapped Saint Mary’s Pupils

Published

3 days ago

February 24, 2026

Eric

The Nigerian government paid Boko Haram militants a “huge” ransom of millions of dollars to free up to 230 children and staff the jihadists abducted from a Catholic school in November, an AFP investigation revealed Monday.

Two Boko Haram commanders were also freed as part of the deal, which goes against the country’s own law banning payments to kidnappers. The money was delivered by helicopter to Boko Haram’s Gwoza stronghold in northeastern Borno state on the border with Cameroon, intelligence sources told AFP.

The decision to pay the militants is likely to irritate US President Donald Trump, who ordered air strikes on jihadists in northern Nigeria on Christmas Day and has been sent military trainers to help support Nigerian forces.

Nigerian government officials deny any ransom was paid to the armed gang that snatched close to 300 schoolchildren and staff from St. Mary’s boarding school in Papiri in central Niger state on November 21. At least 50 later managed to escape their captors.

Boko Haram has not been previously linked to the kidnapping, but sources told AFP one of its most feared commanders was behind the mass abduction: the notorious jihadist known as Sadiku.

He infamously held up a train from the capital in 2022 and netted hefty ransoms for the release of government officials and other well-off passengers.

Boko Haram, which has waged a bloody insurgency since 2009, is strongest in northeast Nigeria.

But a cell in central Niger state operates under Sadiku’s leadership. The St. Mary’s pupils and staff were freed after two weeks of negotiations led by Nuhu Ribadu, Nigeria’s National Security Adviser, with the government insisting no ransom was paid. Nigeria’s State Security Service flatly denied paying any money, saying “government agents don’t pay ransoms”.

However, four intelligence sources familiar with the talks told AFP the government paid a “huge” ransom to get the pupils back. One source put it at 40 million naira per head – around $7 million in total.

Another put the figure lower at two billion naira overall. The money was delivered by chopper to Ali Ngulde, a Boko Haram commander in the northeast, three sources told AFP.

Due to the lack of communications cover in the remote area, Ngulde had to cross into Cameroon to confirm delivery of the ransom before the first group of 100 children were released.

Nigeria has long been plagued by mass abductions, with criminals and jihadist groups sometimes working together to extort millions from hostages’ families, and authorities seemingly powerless to stop them.

Source: Africanews

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Unlawful Invasion: El-Rufai Drags ICPC, IGP, Others to Court, Demands N1bn Damages

Published

4 days ago

February 23, 2026

Eric

Former Governor of Kaduna State, Nasir El-Rufai, has slammed a ₦1 billion fundamental rights enforcement suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for what he claimed was an unlawful invasion of his Abuja residence.

El-Rufai, in a suit filed at the Federal High Court in Abuja, also listed the Chief Magistrate, Magistrate’s Court of the FCT, Abuja Magisterial District; Inspector-General of Police, and the Attorney-General of the Federation (AGF) as 2nd to 4th respondents respectively.

According to the suit filed through his lawyers, led by Oluwole Iyamu, El-Rufai prayed the court to declare that the search warrant issued on February 4 by the Chief Magistrate, Magistrate’s Court of the FCT (2nd respondent), authorising the search and seizure at his residence as invalid, null and void.

Security operatives had stormed and searched the former Governor’s residence in the ongoing investigations against him.

However, he argued in the case marked: FHC/ABJ/CS/345/2026, that the search was in violation of Section 37 of the Constitution, and urged the court to declare that the search warrant was “null and void for lack of particularity, material drafting errors, ambiguity in execution parameters, overbreadth, and absence of probable cause thereby constituting an unlawful and unreasonable search.”

In the suit dated and filed February 20 by Iyamu, ex-governor, who is currently under detention, sought seven reliefs.

He prayed the court to declare that the invasion and search of his residence at House 12, Mambilla Street, Aso Drive, Abuja, on Feb. 19 at about 2pm and executed by agents of ICPC and I-G, “under the aforesaid invalid warrant, amounts to a gross violation of the applicant’s fundamental rights to dignity of the human person, personal liberty, fair hearing, and privacy under Sections 34, 35, 36, and 37 of the Constitution.”

He urged the court to declare that “any evidence obtained pursuant to the aforesaid invalid warrant and unlawful search is inadmissible in any proceedings against the applicant, as it was procured in breach of constitutional safeguards.”

El-Rufai, therefore, sought an order of injunction restraining the respondents and their agents from further relying on, using, or tendering any evidence or items seized during the unlawful search in any investigation, prosecution, or proceedings involving him.

“An order directing the Ist and 3rd respondents (ICPC and I-G) to forthwith return all items seized from the applicant’s premises during the unlawful search, together with a detailed inventory thereof.

“An order awarding the sum of N1,000,000,000.00 (One Billion Naira) as general, exemplary, and aggravated damages against the respondents jointly and severally for the violations of the applicant’s fundamental rights, including trespass, unlawful seizure, and the resultant psychological trauma, humiliation, distress, infringement of privacy, and reputational harm.”

The breakdown of the ₦1 billion in damages includes “a N300 million as compensatory damages for psychological trauma, emotional distress, and loss of personal security;

“A ₦400 million as exemplary damages to deter future misconduct by law enforcement agencies and vindicate the applicant’s rights.

“A ₦300 million as aggravated damages for the malicious, high-handed and oppressive nature of the respondents’ actions, including the use of a patently defective warrant procured through misleading representations.”

He equally sought ₦100 million as the cost of filing the suit, including legal fees and associated expenses.

Iyamu argued that the search warrant was fundamentally defective, lacking specificity in the description of items to be seized, containing material typographical errors, ambiguous execution terms, overbroad directives, and no verifiable probable cause.

He added that the warrant violated Sections 143-148 of the Administration of Criminal Justice Act (ACJA), 2015; Section 36 of the Corrupt Practices and Other Related Offences (ICPC) Act, 2000, and constitutional protections against arbitrary intrusions and several other constitutional provisions.

“Section 146 stipulates that the warrant must be in the prescribed form, free from defects that could mislead, but the document is riddled with errors in the address, date, and district designation;

“Section 147 allows direction to specified persons, but the warrant’s indiscriminate addressing to “all officers is overbroad and unaccountable.

“Section 148 permits execution at reasonable times, but the contradictory language creates ambiguity, undermining procedural clarity,” he submitted.

Iyamu stated that the execution of the invalid warrant on Feb. 19 resulted in an unlawful invasion of his client’s premises, constituting violations of the rights to dignity (Section 34), personal liberty (Section 35), fair hearing (Section 36), and privacy (Section 37) of the Constitution.

He further argued that the search was conducted without legal justification and in a manner that inflicted humiliation and distress.

“Evidence obtained without a valid warrant is unlawful and inadmissible, as established in judicial precedents such as C.O.P. v. Omoh (1969) NCLR 137, where the court ruled that evidence procured through improper means contravenes fundamental rights and must be excluded,” he said.

In the affidavit in support of the application, Mohammed Shaba, a Principal Secretary to the former governor, averred that on Feb. 19 at about 2p.m., officers from the ICPC and Nigeria Police Force invaded the residence under a purported search warrant issued on or about Feb. 4.

According to him, the said warrant is invalid due to its lack of specificity, errors, and other defects as outlined in the grounds of this application.

He said the “search warrant did not specify the properties or items being searched for.”

Shaba stated that the officers failed to submit themselves for search as provided by the law before proceeding with the search.

“That the Magistrate did not specify the magisterial district wherein he sits.

“That during the invasion, the officers searched the applicant’s premises without lawful authority, seized personal items including documents and electronic devices, and caused the applicant undue humiliation, psychological trauma, and distress.

“Now shown to me and marked as ‘EXHIBIT B’ Is the list of the items carted away.

“That no items seized have been returned, and the respondents continue to rely on the unlawful evidence.

“That the applicant suffered violations of his constitutional rights as a result, and this application is brought in good faith to enforce same,” Shaba said.

Source: Naijanews.com