Tony Elumelu, Chairman of the United Bank for Africa (UBA), has announced the launch of UCEE Microfinance Bank, marking a significant expansion for United Capital Plc, a leading investment and financial services group. The inauguration event took place in Lagos and was attended by prominent figures including Stephen Nwadiukpo, Chairman of UCEE Microfinance Bank, Peter Ashade, Group CEO of United Capital Plc, and Esther Adeola-Balogun, Managing Director/CEO of UCEE Microfinance Bank.
During his keynote address, Elumelu underscored the importance of financial inclusion, noting that UCEE Microfinance Bank was established to support the group’s long-term vision of fostering economic empowerment. “The creation of this new bank is a realization of our enduring dream to enhance financial accessibility and inclusion,” Elumelu stated.
Industry experts anticipate that UCEE Microfinance Bank will play a pivotal role in improving lives, promoting economic prosperity, and enhancing societal well-being. Elumelu expressed his confidence that the new institution will not only meet but surpass the expectations of the group, its customers, and the broader public. He also conveyed strong belief in the capabilities of the bank’s leadership, predicting that it will achieve international success.
Peter Ashade emphasized that UCEE Microfinance Bank is committed to advancing financial inclusion and expanding access to capital and financial services in accordance with the Central Bank of Nigeria’s goals. “Our mission is clear: to support our esteemed clients in reaching their financial goals while democratizing access to essential financial services and infrastructure,” Ashade said.
Esther Adeola-Balogun added that UCEE Microfinance Bank aims to integrate digital and traditional microfinance banking practices, bridging the gap between them. She highlighted that the bank’s mobile app will serve as a comprehensive platform for delivering its products and services, emphasizing the institution’s commitment to making a meaningful impact on the lives of Nigerians beyond just profit generation.
