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46 | The Lion King
Events Diary
Shareholders Approve Board Proposal for New
Commercial Banking Structure
S
hareholders of UBA have unanimously endorsed the
restructuring of the Bank into a monoline commercial
banking structure in line with the Central Bank of
Nigeria (UBA)’s Regulation on the scope of Banking
Activities and Ancillary Matters.
At a ‘Court Ordered Meeting’ held at the Harbour Point,
Victoria Island, Lagos, Nigeria on Thursday, December
13, 2012, shareholders approved the adoption of a new
structure that entails divestment of all non-commercial
banking businesses of the Group which are now to be
held separately from UBA Plc by the Bank’s shareholders.
L-R: GMD, Mr. Phi l l ips Oduoza and Board Chairman, Chief Israel Ogbue at the
Extraordinary General Meeting of the Bank.
L-R: Former ED, North Bank (now ED, East & Abuja Bank), Mr. Dan Okeke; ED,
Far North, Alhaj i Abdulqadir Bel lo; ED, Corporate Banking, Mr. Ifeatu One-
jeme and ED / Group Chief Operating Officer, Mr. Femi Olaloku
L-R: Non-Executive Director, Mr. Yahaya Zekeri; Non-Executive Director, Mrs.
Owanari Duke and former Executive Director, Risk Management (now MD/
CEO UBA Africa), Mr. Emmanuel Nnorom
A cross section of shareholders at the Extraordinary General Meeting of the
Bank.
L-R: Non-Executive Director, Mrs. Rose Ada Okwechime; Non-Executive Director,
Alhaj i Ja’afaru Al iyu Paki; former ED, South Bank (now Group CEO UBA Capital
Plc), Mr. Rasheed Olaoluwa and Non-Executive Director, Mr. Yahaya Zekeri
L-R: Company Secretary, Mr. Bi l i Odum; Non-Executive Director, Ms. Angela
Aneke and Non-Executive Director, Mr. Adekunle Olumide
L-R: Chairman, Heirs Holdings, Mr. Tony Elumelu, CON; Non-Executive Director,
Mrs. Owanari Duke; Former Board Chairman, Chief Ferdinand Alabraba and
Board Vice Chairman, Ambassador Joe Keshi
L-R: DMD, Mr. Kennedy Uzoka and GMD, Mr. Phi l l ips Oduoza at the Extraordi-
nary General Meeting of the Bank