Tony Elumelu’s UBA End-of-Year Party was far more than just a corporate gathering—it was an unforgettable extravaganza that masterfully combined entertainment, creativity, and a celebration of workplace culture. Themed “Futurist Glam,” the event dazzled attendees with innovation, elegance, and Elumelu’s renowned flair. The venue itself was a vision of futuristic brilliance, transforming into a high-tech wonderland that seamlessly merged style with cutting-edge design. Guests embraced the theme with jaw-dropping outfits worthy of the runway, turning the evening into a fashion spectacle that radiated elegance and creativity. Kicking off the night was a mind-blowing robotic dance performance that set the tone for an electrifying evening. Top Nigerian music icons like Phyno, Shallipopi, and Poco Lee took center stage, delivering high-energy performances that kept the audience engaged and on their feet. At the heart of the celebration was Tony Elumelu, accompanied by his wife, Awele, and their daughter, Oge. The family made a stylish entrance, with Awele captivating the crowd in a sparkling monochrome outfit, while Elumelu exuded understated charisma. Taking the stage, Elumelu reflected on UBA’s incredible achievements over the past year, including its 75th anniversary and the historic milestone of three of its subsidiaries becoming trillion-naira enterprises. His speech left attendees inspired and brimming with pride. The party wasn’t just about business milestones—it was also a night of joy, camaraderie, and celebration. Iconic performances by Kizz Daniel, Odumodu Black, and Young Jonn kept the energy soaring, while DJs Spinall and Wanni X Handi ensured the dance floor remained alive and vibrant. For Elumelu, this event symbolized more than celebration; it was an opportunity to appreciate his team and share in the joy of their collective success. As the saying goes, “Shared joy is multiplied,” and this extraordinary evening proved it true. Once again, Tony Elumelu demonstrated why he remains a beacon of innovation, leadership, and inspiration. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
United Bank for Africa (UBA) Plc has unveiled plans to leverage the proceeds of its ₦239.4 billion rights issue to expand digital capabilities and grow its business footprint across Africa and beyond. This strategic initiative aims to further cement UBA’s position as a top-tier pan-African banking leader with over seven decades of exceptional performance. UBA is offering 6.84 billion ordinary shares of 50 kobo each at ₦35 per share to existing shareholders. This offer is allocated on a 1:5 basis, meaning one new ordinary share for every five shares held as of November 5, 2024. The rights issue is scheduled to close on December 24, 2024. Enhancing Shareholder Value Tony Elumelu, the Group Chairman of UBA Plc, emphasized that the primary objective of the rights issue is to strengthen the bank’s pan-African dominance while maintaining its legacy as a highly rewarding institution for shareholders. He reassured shareholders that the bank remains committed to delivering consistent and enhanced returns. “This rights issue will help ensure our shareholders continue to reap undiluted benefits from a stronger, more innovative, and resilient financial institution,” Elumelu stated. UBA has consistently outperformed market expectations, delivering a remarkable 375% capital gain to investors over the past five years. This far exceeds the average performance of the Nigerian stock market and the financial services sector. Additionally, UBA boasts one of the highest dividend payouts, with an interim dividend of ₦2 per share, reinforcing its reputation as a shareholder-friendly institution. Driving Growth and Innovation Proceeds from the rights issue will be used to drive organic growth, enhance international operations, and support expansion into new markets. Notably, UBA recently signed an agreement to commence full banking operations in France, a move that underscores its global ambitions. Retail shareholders have expressed confidence in the initiative, pointing to UBA’s consistent track record of strong financial performance and investor-focused policies. With the planned investments in digital technology and expanded operations, UBA is poised to strengthen its competitive edge and deliver even greater value to stakeholders. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
