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Business

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Capital Market

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Insurance

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Business

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Insurance

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Union Bank Donates Two Vehicles to Ogun Govt

As part of its Corporate Social Responsibility (CSR) initiatives, Union Bank has donated 2 hilux vehicles to the Ogun State board of internal revenue to boost the agency’s effort in generating internal revenue for the State.

The bank’s Executive Director (Commercial Banking), Mr Adekunle Sonola, who presented the vehicles at the state secretariat in Oke-Mosan, Abeokuta, expressed support for Governor

Ibikunle Amosun’s drive towards enhancing internally generated revenue in the state.

Amosun was represented on the occasion by the state Deputy Governor, Chief (Mrs) Yetunde Onanuga.

The Union Bank team included the Executive Director (Public Sector), Alhaji Ibrahim Kwargana;

Team Lead Commercial, Foluso Adisa; Chief Marketing Officer (Retail Banking), Oluwadunni Arigbede; and Divisional Executive (South West) Samson Shittu.

Sonola, who lauded the achievements of the state government since inception, said the bank was committed to fruitful and mutual relationship with the state.

In his remarks, Amosun said the state government would seek for more private sector partnership in realising its set objective by supporting its revenue drive to reduce dependence on the dwindling federal allocation.

The governor appreciated the Union Bank management for partnering with the state government, explaining that the donation would open a new dawn of revenue drive for the state.

“We want to thank the bank for previous support. You have been so supportive for our mission to rebuild. These vehicles will indeed enhance our revenue generation for the state,” he added.

Amosun, who described the bank’s donation as “a starting point,” said he looked forward to more social and economic relationship with the state government from the bank.

He lauded the chairman of the state Internal Revenue Service, Mr Kunle Adeosun, for his ingenuity at facilitating a working relationship between the government and the financial institution.

On his part, Adeosun assured the bank that the donations would be judiciously used to improve the revenue profile of the state.

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African Securities Exchanges Association Confab Reflects Strength of Continent’s Capital Markets

The African Securities Exchanges Association (ASEA), a premier association of 25 securities exchanges from across the continent—will hold its annual conference in Johannesburg from 15 – 17 November. ASEA President Oscar Onyema said that the theme of the conference—Africa Evermore: Growth for sustainability—embodied the potential, growth, and stability of Africa’s capital markets. The Johannesburg Stock Exchange (JSE), the continent’s largest and member of the World Federation of Exchanges (WFE), will host the conference.
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