UBA Bags CAC Corporate Citizens Award | Independent Newspapers Limited
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UBA Bags CAC Corporate Citizens Award

Posted: May 28, 2015 at 12:00 am   /   by   /   comments (0)

United Bank for Africa (UBA) has added another feather to its cap when the bank was decorated with the Corporate Citizens Award in the ‘Extensive Compliance Category by the Corporate Affairs Commission (CAC).

The bank received the award at the maiden edition of the awards ceremony organised at the Transcorp Hilton Hotel, Abuja, Nigeria.

The Corporate Citizens Award is open to all registered companies in Nigeria and seeks to promote the culture of good corporate governance in the Nigerian environment by recognising corporate citizens who have conducted their affairs in compliance with statutory requirements and best practices.

“The idea behind this initiative is to recognise performance and reward corporate excellence among companies operating in Nigeria, with the ultimate goal of improving our rating in the global competitiveness index” said Otunba Funso Lawal, Chairman of the Board of Directors of the Commission in his remarks at the ceremony.

Mr Olusegun Aganga, Minister for Commerce and Industry, who represented the President, Federal Republic of Nigeria, Goodluck Jonathan at the event commended all the companies who received award at the event while encouraging those who did not win to imbibe the best practices of the companies that won.