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Abdul Samad Rabiu, Founder and Chairman of BUA Group, one of Africa’s largest foods, mining, manufacturing and infrastructure companies, has been re-appointed as President of the France Nigeria Business Council by President Emmanuel Macron of France.

 

This was announced at the July 2022 Meeting of the France Nigeria Business Council held in Paris. Addressing the council, Abdul Samad Rabiu thanked members for coming and remarked that it was a personal honour for him to be a part of the France Nigeria Business Council, and also a privilege to serve as the pioneer President of the Council which was inaugurated just over a year ago and now, be reappointed as President.

 

He also thanked President Macron for his support and, for reappointing him as well as Jean Haas of Relais (France) as President of the Council, and Head of the Secretariat respectively.The France Nigeria Business Council brings together the top businesses in Nigeria and France with a goal of improving business relations between Nigeria and France whilst ensuring routine cooperation that will bring about immense economic benefits for both countries. French members of the council include the Global Chief Executives of Total Energies, Dassault, Axens, Accor, CMA, amongst others and on the Nigerian side, Dr Mike Adenuga of Globacom & Conoil, Jim Ovia of Zenith Bank, Gilbert Chagoury of Chagoury Group, Aliko Dangote of Dangote Group, Tony Elumelu of UBA, Heirs Holdings and Tony Elumelu Foundation, Dr. Herbert Wigwe of Access Bank Group, Dr. Philip Mshelbila of NLNG, Sen. Daisy Danjuma of Sapetro and May & Baker, and Abdul Samad Rabiu of BUA Group & the Abdul Samad Rabiu Africa Initiative (ASR Africa) who is the current president. Speaking further, Abdul Samad Rabiu praised the progress that has been made by the France Nigeria Business Council since its inauguration and the commitment of members – despite slow global recovery, in pushing forward with various partnerships. These include plans by some of Nigeria’s biggest banks to set up subsidiaries in France, and BUA’s partnership with Axens of France to build a 200,000bpd refinery in Akwa Ibom, Nigeria amongst other key projects by members. Abdul Samad also encouraged members of this council to keep seeking for partnership opportunities, whilst planning, working together and adding value to each other so that successes already being created can be escalated for the mutual economic benefit of Nigeria, Africa’s biggest economy and, France – a global economic leader. It is also expected that Rabiu’s current tenure will see the creation of working sub-committees and sectoral groups to enhance the council’s effectiveness.

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Zenith Bank Refunds N3.23m To Angry Customer Chiamaka Agim

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A leading Nigerian commercial bank, Zenith Bank has returned N3.23 million to Chiamaka Agim, a Lagos State resident whose N4.039 million was erroneously deducted on January 9.

 

According to reports, Zenith Bank had previously informed Agim that she would only receive N800,500 of the N4,039,900 that had been debited.

 

But on Monday, January 16, in the evening, the bank sent back N3,239,400.

 

Recently, the Zenith Bank client shared a post about the refund on her Twitter page.

 

 

Agim reported that on that Monday, the bank contacted her to provide an update on the refunded money.

 

“After the event, they had to put my account on pause, so I didn’t get any alerts,” the user said. I was told to visit the bank the next day,” she recalled.

 

“They had credited my account with N3,239,400 around 7.30 pm on Monday,” the customer said. “My account statement was printed when I got to the bank.”

 

She claimed to have discovered that Access, one of the two banks to which the funds were transferred, still held the remaining N800,500.

 

Zenith Bank stated that Access Bank is now withholding the funds and that it is not their fault at this time. They said Access Bank stated that the funds would not be released without a court order.

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UBA Appoints Abiola Bawuah CEO,UBA Africa

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The Board of Directors of the United Bank for Africa Plc has announced the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer (CEO) of UBA Africa.

 

According to a statement y the bank, Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria.

 

Bawuah, a Ghanaian national, is the first female CEO of UBA Africa.

 

Prior to her appointment, she was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana.

 

Speaking on the new appointment, the Group Board Chairman, Mr Tony O. Elumelu, said, “Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking, and stakeholder engagement. It also gives me great pleasure that with her appointment, the UBA Group Board has now become a majority female board.”

 

The UBA Group also announced other appointments.

 

Chris Ofikulu was appointed the Regional CEO of UBA West Africa.

 

A statement by the bank said Ofikulu has over two decades of banking experience spanning corporate, commercial, and retail banking.

 

Similarly, Uzoechina Molokwu was appointed as Deputy Managing Director (DMD) of UBA Ghana, subject to local regulatory approvals. He was previously the Executive Director, Business Development – UBA Côte d’Ivoire and has over 23 years banking experience.

 

Ayokunle Olajubu was also announced as the Managing Director/CEO UBA Liberia, subject to local regulatory approvals. He currently drives compliance across Africa subsidiaries and comes with 30 years banking experience in Nigeria and other African countries, including Sierra Leone, Cote D’Ivoire and the Gambia.

 

Other appointments include that of Theresa Henshaw who was appointed as CEO of UBA UK, subject to local regulatory approvals. She was previously the DMD, Business Development, UBA America and joined the Group as ED, Business Development at UBA UK.

 

Usman Isiaka, currently CEO, UBA Sierra Leone, has also been appointed the Deputy CEO in UBA America, subject to local regulatory approvals.

 

Adeyemi Adeleke, the former CEO of UBA, UK is now the Group Treasurer. Adeleke will be working to unlock the immense value in the Group’s multi-jurisdictional balance sheet, leveraging on its presence in 24 countries within and beyond Africa.

 

In addition to the executive appointments, UBA has announced the retirement of High Chief Samuel Oni, an independent non-executive Director, from the board following the expiration of his tenure. He joined the UBA Group in January 2015 and served on the Board of the Group for eight years.

 

The Group Chairman, Mr Elumelu, expressed his appreciation to High Chief Oni, for his commitment, leadership and extensive contributions to the UBA Group and on behalf of the Board, wishes him the very best in all his future endeavours.

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