Aisha Hassan-Baba, an Independent Non-Executive Director of the United Bank for Africa Plc (UBA), has invested NGN30.63 million in the purchase of shares.
According to a disclosure by UBA, Hassan-Baba purchased 1,401,769 ordinary shares at NGN21.85 per share on June 27, 2024.
This acquisition was conducted on the Lagos Nigerian Exchange (NGX), solidifying her stake in the financial institution.
Aisha Hassan-Baba, who holds the prestigious title of Officer of the Order of the Niger (OON), has been a part of UBA’s board, contributing her extensive experience and expertise in guiding the bank’s strategic direction.
Her decision to increase her shareholding is viewed as a testament to her belief in UBA’s growth and profitability.
UBA, with its wide reach across Africa and beyond, has been a cornerstone of financial services in the region.
The Group Company Secretary and Legal Counsel, Bili A. Odum, confirmed the transaction in a press release published on the Nigerian Exchange Group website.
This move by Hassan-Baba comes at a time when UBA continues to expand its operations and innovate its services to meet the evolving needs of its customers.
The bank’s strategic initiatives, coupled with its solid financial performance, have positioned it as a leading financial institution in Africa.