December 5, 2022

Global News

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How Ex-Gov. Peter Obi Rejected MTN’s N300 Million Business Deal

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Peter-Obi-11< [showads ad=GLO] Not many people are in the know that before his emergence as governor of Anambra state, Peter Obi used to be a top businessman who has companies in the UK and the US. On arriving Nigeria to seek for the way forward, Obi was confronted by the leadership of communications giant, MTN for a business deal worth N300 million. We gathered from sources that Obi attended a meeting with MTN and after seeing the cost implication and how he could use the money to better the lots of the people he vehemently rejected the transaction and chose a better option. Obi called on some of his trusted aides then and asked them what he could do with his hard-earned money, they told him to establish a business here in Nigeria, so he could use that to win the hearts of political leaders, knowing fully well that he would be interested in becoming the governor of Anambra State. Obi, immediately bought a big warehouse somewhere in Apapa very near the Nigerian Ports Authority and today the company is still waxing stronger and giving out jobs to thousands of Nigerian youths. We also got it on good account that since leaving office as the state governor, Obi has retired into the company to ensure its smooth running. [showads ad=GLO] It could be recalled that MTN got strong backups when they landed in Nigeria with top billionaires and moneybags investing in the company. This allowed MTN to be able to pay its workers huge salaries and competed favourably well with banks and oil companies in terms of staff remuneration. Nigerians would also not forget in a hurry how difficult and expensive it was to get an MTN sim card as far back as 2001 when they commenced operations. However, the arrival of Mike Adenuga's Globacom slashed the prices of MTN and ECONET, another big player in the Nigerian communications industry then. This move gave many Nigerians the opportunity of purchasing their phones and SIM cards at ease. Now, the communication industry game has changed in the country as all the networks' SIM cards now almost go for free. Gone are the days Nigerians would visit the MTN office near them and queue for long hours before being attended to, but today you can get any network at any bus stops across the country. Moreover, the deregulation brought about by Globacom's arrival into the industry in 2003 has affected quite a number of workers as those who could not cope with salary reduction have been sacked while others were asked to look out for some other jobs because business is not as buoyant as in the past. [showads ad=GLO]

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UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. 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.

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2 min read

UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. 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.

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