By Abiola Olawale
The United Bank for Africa (UBA) through its corporate social responsibility arm, UBA Foundation, has announced the donation of a whopping N500 million to the Lagos State Security Trust Fund.
The bank explained that the donation is part of its continued commitment to secure an environment for individuals and businesses.
The New Diplomat reports that the donation was announced during an event which was held at the State House, Marina, Lagos State.
The N500m cheque was presented to Governor Babajide Sanwo-Olu of Lagos State, by the UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi.
Speaking during the presentation, Elumelu reiterated the bank’s dedication to supporting initiatives that ensure the safety and prosperity of communities across Nigeria.
He said: “At UBA, we understand that security is critical for economic growth and societal well-being. Our donation to the Lagos State Security Trust Fund is a reflection of the bank’s belief in building safer communities to enhance the quality of life for all.
“We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”
In his address, Sanwo-Olu expressed his heartfelt appreciation to the UBA Group and the UBA Foundation for their substantial contribution.
He commended Elumelu for his steadfast dedication to driving impactful projects that enhance the state’s development and improve the quality of life for its residents.
The governor stated: “We are grateful to the UBA Group for their significant contribution to the Lagos State Security Trust Fund. This donation will strengthen our efforts to enhance security and protect our citizens. Together we are building a safer Lagos for all.”
It would be recalled that over the years, the UBA Foundation has actively contributed to enhancing education, the environment, and economic empowerment and special projects such as these critical donations across Africa.
UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment, and other Special Projects.
