UBA donates N500m to Lagos state security trust fund

The United Bank for Africa (UBA) has donated N500 million to the Lagos State Security Trust Fund (LSSTF) to enhance safety and security in the state.

In a statement issued on Monday, UBA highlighted its commitment to fostering a secure environment for individuals and businesses.

The cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, at the State House on Sunday by Tony Elumelu, the UBA Group Chairperson.

Elumelu emphasized the bank’s dedication to supporting initiatives that promote safety, recognizing the importance of a secure environment in driving economic growth and development.

Governor Sanwo-Olu, in response, praised UBA’s generosity and stressed that the donation would bolster the state’s efforts to strengthen security infrastructure and protect residents.

“At UBA, we understand that security is critical for economic growth and societal well-being. Our donation to the Lagos State Security Trust Fund is a reflection of the bank’s belief in building safer communities to enhance the quality of life for all,” Mr Elumelu said.

“We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”

The fund was donated through the UBA Foundation, the financial institution’s Corporate Social Responsibility (CSR) arm.

Mr Elumelu emphasised the bank’s role as a leader in giving back to society. He stated that UBA supports the state’s efforts to improve security because it understands that safety is essential for a strong economy.

According to the statement, Mr Sanwo-Olu, upon receipt of the cheque, expressed appreciation to the bank and the UBA Foundation for the “significant contribution and commended Tony Elumelu for its unwavering commitment to impactful projects, state’s progress, and well-being.”

Mr Sanwo-Olu said: “We are grateful to the UBA Group for their significant contribution to the Lagos State Security Trust Fund. This donation will strengthen our efforts to enhance security and protect our citizens. Together we are building a safer Lagos for all.”

‘In line with Foundation’s vision’

According to UBA Group, the gesture aligns with its Foundation’s special project initiatives which focus on addressing pressing societal issues through strategic partnerships and impactful interventions.

“Over the years, UBA Foundation has actively contributed to enhancing education, the environment, and economic empowerment and special projects such as these critical donations across Africa. The Foundation’s commitment to security as a driver of sustainable development is evident in its support for programmes like the LSSTF,” the statement said.