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UBA Claims 3 awards at CFO awards
Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, but took it a notch higher when its Group Chief Financial Officer (GCFO) and the Finance Team bagged the treble at the awards night held on November 19, 2016 at Oriental Hotel, Lekki Lagos. The bank won the following awards; CFO of the year; Financial Innovation Project of the year and Finance Team of the year (Gold) beating Vodacom and AXA Mansard to silver and bronze position respectively.
Ugo Nwaghodoh, UBA’s Group Chief Executive Officer was ahead of other nominees in the banking category, including; FirstBank, Zenith Bank, Access Bank and GT Bank, to emerge CFO of the year.
The Finance team of the year was also given to the finance division of UBA for their exceptional handling of the bank’s finances in the year under review, which the organiser say resulted in the bank emerging as one of the top performers in the Nigerian banking industry despite the economic downturn.
Receiving the awards, a visibly elated UBA’s CFO, thanked the organizers for the recognition which is coming, second time in a row, noting that he couldn’t have done it alone and that he is delighted to be working with the best finance team in the Nigerian banking industry. He dedicated the awards to his team who he said work assiduously to ensure that the bank’s operations run smoothly. Achieving a feat like this at a challenging period, only indicates that hard work and dedication truly pays, Nwaghodoh said.
Also speaking at the awards night, the Chief Executive Officer of Instinct Business magazine, Organisers of the CFO awards, Akin Naphtal, explained that a CFO’s role in risk management cannot be over emphasized. He explained: “They are integral to the successes of Organisations as their expansive financial perspectives helps fuel growth. That is why we believe the achievements of financial executives who have been outstanding in their profession and have contributed in no small measure to the growth of their organisations and the economy at large, must be recognized and celebrated”.
The awards nights was a colorful gathering of CFOs from different industries, including, banking, Insurance, Telecoms, Pharmaceuticals, Construction, Investment Banking, Media broadcast, Conglomerate, Logistics & transport, and Public sector across Nigeria with many lauding the organizers for the rare initiative.
Mr Nwaghodoh, UBA’s GCFO is a seasoned financial analyst and accountant with about two decades experience spanning assurance, advisory, financial control, strategy and business transformation, investor relations, mergers and acquisitions, business integration and project management. Prior to his appointment as Group Chief Finance Officer of UBA, he was at different times, Group Financial Controller, Group Chief Compliance Officer and Head – Performance Management in UBA. Before joining UBA in 2004, he had almost one decade experience with Deloitte and PricewaterhouseCoopers.
He holds a BSc degree from the University of Ibadan, Nigeria and an MSc degree in Finance and Management from Cranfield University, England. He is a fellow of the Institute of Chartered Accountants of Nigeria and Institute of Credit Administration. He is also an Honorary Senior Member (HCIB) of the Chartered Institute of Bankers of Nigeria (CIBN), and a member of Cranfield Management Association.
In his capacity as GCFO, the Bank has sustained robust level of growth by consistently recording significant and enviable financial performance
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