UBA Appoints Deputy Managing Directors for Nigeria, Africa Okeke, Executive Director, retires August 1 Dike Onwuamaeze The United Bank for Africa Plc (UBA), the leading panAfrican financial services group, yesterday announced the appointments of Mr. Ayoku
Liadi and Mr. Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. The bank, in a statement, said the creation of the new positions, reporting to the
Group Chief Executive Officer, Mr. Kennedy Uzoka, represents further strategic recognition of the growth of UBA’s pan-African business, now representing in excess of 40 per cent of the group's revenue,
and the critical importance of Nigeria, the group’s largest market. Combined with UBA’s unique international business, operating from New York, London and Paris, UBA
Africa and Nigeria, offer an unparalleled service offering to clients across Africa and globally, it added. Commenting on the appointments, UBA Group Chairman, Mr. Tony Elumelu,
said: “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging Continued on page 9
With N381/$1 Exchange Rate Adjustment, FG, States Get More Cash... Page 8 Wednesday 8 July, 2020 Vol 25. No 9221. Price: N250
www.thisdaylive.com TR
TODAY'S WEATHER
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
UT H
& RE A S O
ENUGU 25°C-28°C
N
KANO 27°C-33°C
LAGOS 24C-27°C
PORT HARCOURT 20°C-30°C
Magu’s Travail Persists as Presidential Investigation Enters Fourth Week Panel recommends his suspension Security agents search residence, detain him at FCID Presidency says EFCC boss not above probe Iyobosa Uwugiaren and Omololu Ogunmade in Abuja The travail of Acting Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, persisted yesterday as the presidential investigation of his alleged wrongdoing entered the fourth week with widespread speculation that he
might have been suspended by President Muhammadu Buhari. Although there was no official confirmation of the speculated suspension, a reliable presidency source told THISDAY last night that the presidential panel has recommended that the Continued on page 9
Your Dollar Will Fail in Edo, Wike Tells Ganduje Ize-Iyamu will win, Kano gov insists Chuks Okocha in Abuja Rivers State Governor, Chief Nyesom Wike, yesterday took on his Kano State counterpart, Alhaji Abdullahi Ganduje, telling him that he would not be able to sway the voters in Edo State with his famed “illicit” access to the dollar in
the September 19 governorship election. Wike and Ganduje are heading the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) campaign councils respectively. Continued on page 9
RUMINATING ON THE ECONOMY… Vice President Yemi Osinbajo SAN during the virtual meeting of the Economic Sustainability Committee in Abuja…yesterday
Ondo Assembly Begins Removal of Deputy Gov... Page 5