IS UBA THE ONLY BANK CONCERNED IN CUSTOMER'S FX DEFAULT ?

IS UBA THE ONLY BANK CONCERNED IN CUSTOMER'S FX DEFAULT ?

'Leadership they say gives solutions to directed questions in life' says Danny Michael in his wisdom.

Give it to the organisation that swiftly displays readiness and loyalty to constituted authorities and defined policies that governed her sector.

It took a bold step for United Bank Of Africa as first financial Institution to quickly rapt up plans and datas that unravels numerous customers and organisations involved in the defaults and almost 'impunitive' ways of robbing the Country via the Central Bank of Nigeria foreign currency illegal Dollar acquisitions.

Recalls that the apex bank (CBN) recently gave directive that Nigerian bank's and financial institutions should publish names and identities of customers who prime the trades for the Illicit Dollar requests.

Knowing Tony Elumelu and his pedigree of Investments candours for decades and his resolve to better the lots of whatever he dips his investment finger in,one could decipher quickly that he would never join forces to syphone and manipulate economic gains to the detriment of either government or the masses.

The team of quality managers and staff led by the brilliant Kennedy Uzoka the group managing director (GMD) and other top notch personnels of high reputations he chose to work with further displays customers and Stakeholders regular continuous smiles to partner with the Bank.

In his intuition couple with quality administration's with which UBA is been managed since he took over, it's obvious his pattern of business directions come to play here where the Bank's authority becomes the first to informed and publish customers names, BVN and Account Numbers Of personalities and organisations involved in shortchanging the nation via collection of foreign currencies without judicious uses for travelling or other means with which it was pocessed for.

The bank management have this to say on their website:

What UBA said in its statement

The bank stated, “In compliance with the directive of Central Bank of Nigeria mandating banks to publish the names of defaulters of the forex exchange regulation.

“Based on regulatory directives, the following customers cancelled their trip and failed to return the PTA availed to them despite several mails, text messages and follow up phone calls.”

The bank also included the name of a customer who it said, “presented fake visa to apply for PTA

Going by this notable and bold steps taken by the quintessential Leadership of Revered Industrialist, philanthropist and lion-heart investor Tony Elumelu as driver of  foremost financial Institution in the country Nigeria, it's pertinent to say that others would follow to further clean up the mess perverting judicious appropriations of forex exchange and availability in the nation henceforth.

 

All hail Tony Elumelu,the Chairman and Mr Kennedy Uzoka and his team of finest management financial scholars for uploading better drive-mode patterns in Nigerian financial Sectors.