COVID-19: UBA postpones 58th AGM

The Board and Management of the United Bank of Africa (UBA) has postponed its 58th Annual General Meeting (AGM).

This was contained in a statement made available to newsmen on Friday 20th March 2020. The statement was duly signed by the group’s Secretary, Bili A. Odum.

The lenders AGM was initially scheduled to hold on 27th March 2020 at the Eko Hotels and Suites, Victoria Island, Lagos State.

According to Mr. Odum, the postponement was part of the lenders’ efforts to combat the global pandemic outbreak of the Coronavirus.

UBA once again portrayed their corporate citizenship and inline with the Federal Government of Nigeria order for organizations to avoid gathering of over 50 people throughout this period.

As of Sunday, 22nd March 2020, Nigeria has officially announced 30 cases of the Coronavirus. According to the Nigeria Center for Disease Control (NCDC), out of the 30 cases recorded so far, a total number of 2 cases have been discharged.

This includes the first COVID-19 case recorded after an Italian expert brought the dreaded Virus into the shores of the country.

The unnamed Italian man flew into the country on 24th February 2020 and was detected of having the Corona Virus on 28th February 2020.

He has been on isolation since then and has fully recovered. The Italian man is an expert of Lafarge Cement Plc.

Financial Metrics Nigeria reports that the new date for the Pan-African Bank AGM will be communicated in due course.

The lenders also re-assured their shareholders and customers that their thoughts and prayers are with them throughout this trying period.

UBA shares price currently stands at N5.00. The group’s shares closed flat on Friday, 20th March 2020.


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Author: FMN

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