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An Appraisal Of The Role And Impact Of Computer In The Banking Operations
[A Case Study of United Bank for Africa Oregun Branch Lagos U.B.A]
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1.7 HISTORICAL BACKGROUND OF THE CASE STUDY
United Bank for Africa Plc (UBA) is a public limited company incorporated in Nigeria in 1961 and headquartered in Lagos.
(1) It is one of Africa’s leading financial institutions offering universal banking do more than #7million customers across 750 branches in African countries and a presence in New York London and Paris. Formed by the merger of the commercially focused UBA and the retail focused standard Trust Bank in 2005, the Bank has a clear ambition to be the dominant and leading financial services provider in Africa.
(2) Listed on the Nigerian stock exchange in 1970, UBA is rapidly evolving into a pan-African full service financial institution.
(3) In 2000, Europe’s front line finance and economy magazine, Euro money named UBA the best domestic bank in Nigeria.
(4) With a US regulated branch presence in New York since 1984, UBA capital (Europe) in london which was established as a UK regulated investment banking operation in January 2008 and a representative office In paris, France.
(5) Corporate profile since its historical emergence from the merger of former standard Trust Bank and UBA Plc, the UBA group has positioned itself to be Nigeria’s dominant bank and a leading player in Africa continent.
Under the direction of it GMD, CEO, Mr. Philip Oduoa, the management team of the group is made up of people with skills in various backgrounds as well as depths of experiences (garnered from national and international institutions). (citation needed).
BOARD OF DIRECTORS
(1) Chief Ferdinand Alabrada, Non-executive chairman.
(2) Philips Oduoza, Group Managing Director/Chief Executive Officer.
EXECUTIVE DIRECTORS
(1) Faith Tuedor-Mathews, Deputy Managing Director, UBA Nigeria North.
(2) Victor Osadolor, Deputy Managing Director, UBA Nigeria South.
(3) Emmanuel Nnorom, Executive Director, Group Executive Office.
(4) Ifeatu Onejeme, Executive Director, Corporate Banking
NON-EXECUTIVE DIRECTORS.
(1) Chief Kolawole Jamodu, OFR, Director
(2) Adekunle Olumide, OON, Director
(3) Foluke Abdul-Razaq - Director
(4) AMB Joseph Chiedu Keshi – Director
(5) Angela Nwabuoku – Director
UBA groups operating structure is organized around seven strategic business units (SBUs) and four strategic support units (SSUs)3, informed by the need to reinforce its leadership in serve delivery relationship management and the execution of its strategy. In addition, the GMD/CEO is supported by the group executive office consisting of the strategy office, the corporate transformation office of the chief of staff and advisers to the GMS/CEO.
UBA PLC NIGERIA – NORTH
UBA Plc Nigeria-North UBA Nigeria North covers the Northern region of Nigeria, whose economy is largely agrarian in nature.
UBA PLC NIGERIA – SOUTH
UBA Nigeria South covers the southern part of Nigeria constituting 18 of the 36 states of the federation. It provides services to large multinational and local customers across various industry lines including oil and gas, conglomerates, FMCG, construction.
UBA AFRICA
UBA Africa was set up to take advantage of trade financing opportunities across content.
UBA REGISTRARS LIMITED
With over 30 years experience in share register administration services in Nigeria; UBA registrars limited emerged from the former UBA Global Markets Limited then engaged in the business of share registration, stock broking and issuing house, it was incorporated in March 2006 as a wholly owned subsidiary of UBA Plc.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACT The establishment of computer was to improve the various areas of life. This develops every industrial sectors of the economy. In the banking industry for instance requires computer in their operations primarily to speeding up every activities or transaction entered into. This became necessary in order to satisfy their numerous customers, safeguard the policies and documentations of every transaction for proper recordings and for reference purposes, and also to standardize the industry ... Continue reading---
