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UNICAL Lecturers Vow To Add Value To Micro-Finance Bank

Three senior lectures in the University of Calabar (UNICA) have assured of their preparedness to work hard and contribute significantly to the growth of the UNICAL Micro Finance Bank Limited.(UMFB) to enable it grow stronger, expand and make its presence felt in more places in the state.

They are Prof.Florence Obi, Prof. Uche Cyprian Amalu and Prof. James Ekpeleke who were elected as new directors to fill the vacant positions created by the former directors who retired at the UMFB combined 20 /21 Annual General Meeting (AGM). Two of them spoke with DAILY ASSET reporter at the event recently.

Prof. Florence Obi who became the first female director of the bank since its inception in 1998 spoke with our correspondent shortly after being presented to the board at UNICAL Hotel Conference Center .

She said that she is a good network marketer and that she will use her wealth of experience in the business world to talk to her family and friend within and outside University environment to bring them in to UMFB.

Hear her ”I am a good networking marketer. I will sell the bank to my family and friends in the school who have not yet gotten to the bank and also gotten to the bank and also to the public. I will make sure that I bring more business to the bank to ensure that share holders continue be smiling home. I want to add value to the bank”

Speaking in the same vein, at the occasion Prof. UcheCyprinAmalu assured that he will advertise the bank to enable it make more profits.

His words ” I have always regarded my self as a pure academic, scholar and a scientist but today I am an advertiser and a marketer. I will helpthe on how to make profits, how to become bankable and everything associated with banking services”

The new directors commanded the chairman, board of directors, Prof. ZanaAkpagu, for his vision and direction given to the University of Calabar UNICAL Micro Finance Bank Limited.

”We also appreciate the Managing Director and Chief Executive Officer, Mr. John B. Owan, stake holders and share holders ”

Earlier, the Chairman and Board of Directors Prof. ZanaAkpagu said that the UMFB was growing fast and stranger. He also said that the bank worn the best Micro Finance Bank award for consistent in returns  with the country by the National Association of Micro Finance Bank (NAMFB) 2018-2019.

The Chairman further said that profit after tax grew by 74.04% from N37,619,644 in 2017 to N66,472,81 in 2018. The bank closed the 2018 financial year with total asset of N1,694,503,183 and stake holders’ fund of N547,646,977.

The Chairman Board of Directors said ” in furtherance to our commitment to delivering superior share holder value by consistent yearly dividend payouts, the Board is pleased to recommend for Your approval the payment of N30,000,000 as dividend, which translates to 15 kobo per share to all shareholders   whose name appears in the bank’s share register as at 31st December, 2018”.

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