EXCLUSIVE : Why Africa's Global Bank, UBA Donated N5 billion For COVID-19 Relief Support Accross Africa
*A Special report by
MIKE De Cerutti Osagie
(Africa's Foremost Humanitarian writer)
(Africa's Foremost Humanitarian writer)
That the United Bank for
Africa recently announced a whopping donation of more than ₦5 billion to 20
African countries which include Nigeria as a comprehensive pan-African response
against the fight of Coronavirus in these countries, is perhaps no more fresh
news, what is truly the news is what must have been the major inspiration
behind the unprecedented philanthropic move by the Global African bank.
According to a formal breakdown, the funds will help the countries affected by this evil virus and while The federal capital territory will
receive a donation of ₦500 million, Lagos will in turn receive $2.8 million while the
other states receive ₦1.5 billion.
* That is not all, N 1.5 Billion will go to UBA''s presence countries in Africa
* N1 Billion for medical Centre with equipment and supplies
Free Telemedicine Call Centre daily
The donation which will provide financial assistance to the
government includes also relief material supplies, critical care equipment,
free telemedicine call center facility that allows people access to medical
advice and also a medical center with free beds and ICU facilities in Lagos
State.
This medical center is managed alongside Holdings’ healthcare
subsidiary, Avon Medical Hospital. Tony Elumelu the UBA Group chairman stated
that this is a time for everyone to support and show solidarity.
WHY UBA DONATED N5 billion
WORLD LEADERS MAGAZINE can reveal today the desire to help and restore back total health is the main motivation behind the banks effort
In the words of UBA Group Chairman ,Dr Tony Elumelu " This is the time when we must all play our part. This global pandemic must bring citizens, governments and business leaders together-and quickly. As we see a rapidly increasing number of cases of the Coronavirus in Nigeria and Africa,the private sector has to work hand in hand with governments,in stemming the spread of the global pandemic
"We commend the efforts of Government and we are keen to partner and contribute our resources to the collective effort, that will ensure the response to the pandemic is swift and effective"
"We commend the efforts of Government and we are keen to partner and contribute our resources to the collective effort, that will ensure the response to the pandemic is swift and effective"
BRIEF FACT ABOUT AFRICA'S GLOBAL BANK, UBA
UBA has a large footprint across the globe operating in 20 African countries: Republique du Benin, Burkina Faso, Cameroun, Congo Brazzaville, Congo DRC, Cote d’lvoire, Gabon, Ghana, Guinea, Kenya, Liberia, Mali, Mozambique, Nigeria, Senegal, Sierra Leone, Tanzania, Tchad, Uganda and Zambia. The Bank also operates in the United Kingdom, the United States of America and with presence in Paris.
Today, UBA is one of the largest financial services groups on the African continent.The bank provides corporate, commercial, SME, consumer and personal (retail) banking services to more than 18 million customers, served through diverse channels: over 1,000 business offices and customer touch points (2,539 ATMs, 24,168 PoS, robust online banking and mobile banking, social media etc). Additionally, UBA offers pension custody and related services.We have proven expertise and capacity in key sectors of economies across Africa especially in Oil and Gas, Infrastructure Finance, Agric and Commodity/Export. Our Africa footprint positions us as a preferred partner for structured solutions to key governments and corporates operating in/into Africa. We know business across Africa.
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