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Colonial Banking History Of Nigeria. UNION BANK. - Politics - Nairaland

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Colonial Banking History Of Nigeria. UNION BANK. by celebrityevent0: 6:15pm On Jan 02, 2018
I don't know if this is the right place, but let me drop it here.

The Union Bank of Nigeria’s history can be traced to 1917 when it was first established as Colonial Bank. In the year 1925, the bank became known as Barclays Bank DCO (Dominion, Colonial and Overseas) resulting from its acquisition by Barclays Bank.

Following Nigeria’s independence and the enactment of the Companies Act of 1968, the Bank was incorporated as Barclays Bank of Nigeria Limited (BBNL, est. 1969).

Between 1971 and 1979, the bank went through a series of changes including its listing on the NSE and share acquisitions/transfers driven by the Nigerian Enterprises Promotion Acts (1972 and 1977); this resulted in its evolution into a new wholly Nigerian-owned entity.

To reflect the new ownership structure, and in compliance with the Companies and Allied Matters Act of 1990, it assumed the name Union Bank of Nigeria Plc. (UBN “the Bank” or “Union Bank”).

Now you know more

Sourced from Union Bank

Re: Colonial Banking History Of Nigeria. UNION BANK. by celebrityevent0: 6:16pm On Jan 02, 2018
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Re: Colonial Banking History Of Nigeria. UNION BANK. by laudate: 7:06pm On Jan 02, 2018
I remember going to cash a cheque of 100k at a Union Bank branch on Lagos Island, about 10 years ago. After collecting the money, the branch manager walked up to me to ask if I needed a police escort to follow me home..... cheesy grin

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Re: Colonial Banking History Of Nigeria. UNION BANK. by 234GT(m): 7:17pm On Jan 02, 2018
I love this bank.
Re: Colonial Banking History Of Nigeria. UNION BANK. by celebrityevent0: 10:19pm On Jan 02, 2018
laudate:
I remember going to cash a cheque of 100k at a Union Bank branch on Lagos Island, about 10 years ago. After collecting the money, the branch manager walked up to me to ask if I needed a police escort to follow me home..... cheesy grin

grin grin

Was like u withdrew N100million now

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