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Chartered Institute of Bankers Nigeria Honours Oliver Alawuba, Confers Highest Honour of the Institute  

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Chartered Institute of Bankers Nigeria Honours Oliver Alawuba, Confers Highest Honour of the Institute  

Chartered Institute of Bankers Nigeria Honours Oliver Alawuba, Confers Highest Honour of the Institute

 

 

 

 

The Group Managing Director/CEO of United Bank for Africa (UBA), Oliver Alawuba has been bestowed the Fellowship of the Chartered Institute of Bankers of Nigeria.

 

 

 

 

 

Alawuba was conferred with the highest honour for bankers during the Institute’s 2023 investiture ceremony held in Lagos at the weekend, receiving the award alongside 20 other distinguished Nigerians across banking, finance, and aviation.

 

Chartered Institute of Bankers Nigeria Honours Oliver Alawuba, Confers Highest Honour of the Institute

 

l-r: Vice Chairman, Senate Committee on Diaspora and Non-Governmental Organizations (NGOs), Senator Tony Yaro; President and Chairman of Council Chartered Institute of Bankers of Nigeria(CIBN), Ken Opara; Fellowship Awardee and Group Managing Director/CEO, United Bank for Africa(UBA), Oliver Alawuba; and Vice-President, CIBN, Pius Olanrewaju; Past President, CIBN, Femi Ekundayo, during the investiture of Alawuba as a  Fellow of the Institute in Lagos on Saturday 

 

This prestigious honour is bestowed upon individual who have demonstrated exceptional leadership, expertise, and contributions to the field of banking and finance.

 

“Alawuba’s achievements in the banking sector are a testament to his unwavering commitment to excellence, innovation, and financial inclusion .With a career spanning over 30 years, he has played a pivotal role in shaping the banking landscape in Nigeria and beyond. His leadership, visionary approach, and dedication have had a profound impact on the growth and development of the banking industry in the region,” says the citation read at the event by the Institute’s Registrar, Akin Morakinyo.

 

“Alawuba’s dedication to the highest standards of professionalism, financial innovation, and inclusion makes him a deserving recipient of this prestigious title,” Morakinyo noted.

 

Speaking during the ceremony, the President/Chairman of Council of the Chartered Institute of Bankers of Nigeria, Dr. Ken Opara praised Mr. Alawuba along other awardees for their outstanding contributions and unwavering commitment to the highest ethical and professional standards in banking.

 

He noted that their accomplishments have set a benchmark for future leaders in the industry and have significantly advanced the CIBN’s mission to promote professionalism and ethics in banking.

 

Mr. Alawuba expressed his gratitude for the honour, stating, “I am truly humbled to receive this prestigious title from the Chartered Institute of Bankers of Nigeria. It is a testament to the collective efforts of all the teams and individuals I have had the privilege of working with throughout my career. I remain committed to the ideals and values of the CIBN, and I look forward to continued collaboration with the Institute in promoting excellence and ethics in the banking sector.”

 

Mr Alawuba is a seasoned banking professional with over 3 decades of work experience in a broad range of strategic and well-grounded experience in Corporate and Institutional Banking, Consumer Banking, Public Sector, Retail and Commercial Banking, Project Management, Corporate Governance, and overall bank management

 

 

Picture 1: l-r: President and Chairman of Council Chartered Institute of Bankers of Nigeria(CIBN), Ken Opara; Fellowship Awardee and Group Managing Director/CEO, United Bank for Africa(UBA), Oliver Alawuba; and Vice-President, CIBN, Pius Olanrewaju, during the investiture ceremony of Mr Alawuba as a Fellow of the Institute in Lagos on Saturday 

Prior to his appointment as the Group Managing Director/CEO of UBA Group, overseeing the group’s banking operations across its 20 subsidiaries in Africa and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates, Mr Alawuba was at various times country CEO and Regional CEO of UBA’s Rest of Africa operations.

 

Alawuba holds Bachelor’s and Master’s degrees in Food Science and Technology and an MBA in Banking and Finance. He is an alumnus of the AMP and SEP programmes of the prestigious INSEAD Business School, France, and the London Business School respectively. He is also a Fellow of the Nigerian Institute of Management (NIM).

 

 

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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