Tnx @ doyexy. I appreciate ur concern. We shall b favoured.

Na wa o.wetin dey delay my invites nw. Wish u guys d best.pls,wen did u guys wrote the test.did u get d invites by mail or text.

Thks dearie,they've nt call me.I called him dis morning and he said they will probably call anoda set b4 dis week runs out.what's is criteria for dropping pple. God hv mercy.

doyexy: Bimcy and polipompom,,at last!! U guys got invites..dem 4 put bimcy for ibadan na,,anyways I wish u both d best,,
@polipompom read d last 3pages 2 c d ques I was asked durin my interview,,am sure u will meet d same set of people tomorow...
@honeywealth I hope u also got ur invite too?
I wish u guys d best and may God favour us all
Shalom!!

Pls u guys should do ur best o as dey r dropin pple o! Even we dt did interview wit rbh upper week friday, some pple was droped..

Wish us all d best

honeywealth: Thks dearie,they've nt call me.I called him dis morning and he said they will probably call anoda set b4 dis week runs out.what's is criteria for dropping pple. God hv mercy.

I dunno deir criteria o! Prob if u didn't do well in d interviews..I reli duno..may God help us all

Its well dearie. God will help us all. Thanks swthrt.

doyexy:

I dunno deir criteria o! Prob if u didn't do well in d interviews..I reli duno..may God help us all

Pls gv d update on ur interview tips.finally, got invites 4 2moro in ibd.God,hv mercy.

polipompom: Tnx @ doyexy. I appreciate ur concern. We shall b favoured.

is lyk am d only 1 scheduled 4 intvw here(in ilorin)....hope d intvw wnt last 4 hrs cos of dis

Wish u d best,dearie.

bimbcy: is lyk am d only 1 scheduled 4 intvw here(in ilorin)....hope d intvw wnt last 4 hrs cos of dis

just tru wit d interview. D qstns were: can we meet u? Y uba? Recent happenings in d banking sector?wot s E-banking?do u belong to any professional body? Wot r ur likes n dislikes?wot was ur result in english n maths?any queestn 4 us?.. All dis qstns were from 1 man out of 3 man panel(2men 1woman).@honeywealth thanks. Wish u best of luck in ur intvw 2moro@poli hw far na? Optimistic we l make it by God s grace@doyexy hw soon l dey get back 2 us?

just tru wit d interview. D qstns were: can we meet u? Y uba? Recent happenings in d banking sector?wot s E-banking?do u belong to any professional body?did u pertk in politics while in skul? Wot r ur likes n dislikes?wot was ur result in english n maths?wot do u do @ ur leisure tym?any queestn 4 us?.. All dis qstns were from 1 man out of 3 man panel(2men 1woman).@honeywealth thanks. Wish u best of luck in ur intvw 2moro@poli hw far na? Optimistic we l make it by God s grace@doyexy hw soon l dey get back 2 us?

bimbcy: just tru wit d interview. D qstns were: can we meet u? Y uba? Recent happenings in d banking sector?wot s E-banking?do u belong to any professional body?did u pertk in politics while in skul? Wot r ur likes n dislikes?wot was ur result in english n maths?wot do u do @ ur leisure tym?any queestn 4 us?.. All dis qstns were from 1 man out of 3 man panel(2men 1woman).@honeywealth thanks. Wish u best of luck in ur intvw 2moro@poli hw far na? Optimistic we l make it by God s grace@doyexy hw soon l dey get back 2 us?

In a week time or 2weeks latest u should get invite with d rbh...wish u all d best

Uw.success IJN

bimbcy: just tru wit d interview. D qstns were: can we meet u? Y uba? Recent happenings in d banking sector?wot s E-banking?do u belong to any professional body?did u pertk in politics while in skul? Wot r ur likes n dislikes?wot was ur result in english n maths?wot do u do @ ur leisure tym?any queestn 4 us?.. All dis qstns were from 1 man out of 3 man panel(2men 1woman).@honeywealth thanks. Wish u best of luck in ur intvw 2moro@poli hw far na? Optimistic we l make it by God s grace@doyexy hw soon l dey get back 2 us?

just rembering dis, was asked to say smtin abt d economy nd how it can b improved? wch i ad tough tym answering, I replied by saying d inflation rate has reduced 2 single digit*blunder* and dia 4 improving d economy and dat d economy can b improved if govmt cud invest more in agric sector

bimbcy: just rembering dis, was asked to say smtin abt d economy nd how it can b improved? wch i ad tough tym answering, I replied by saying d inflation rate has reduced 2 single digit*blunder* and dia 4 improving d economy and dat d economy can b improved if govmt cud invest more in agric sector

God pass dem

doyexy:

Dey asked me too,,told dem d types eg,industry, trannsport, financial, manufacturing, oil and gas etc and told dem its agriculture dt will boom in 5yrs coulped wit financial industry backing it up..
Dem wan use ques kee me dat day but omo God pass dem

Lol...they must have enjoyed the conversation dt day

I shd start by tnkn God 4 d success of d intvw. Without stressing much, d qstns bimbcy stated wer d exact qstns I ws asked. I realised dey alrdy av d qstns listed in d performance sheet. Panel of 3, 2 male nd 1 female. It ws brain tasking bt 2 d Glory of God it ws smooth sailing. @ a point d lady ws lyk 'Paul, I'm so feeling u'. I cnt end ds post wfout appreciating u @doyexy. Wen I ws asked 2 mention d recent banking reforms, I remembered u(doyexy) nd smiled and den I mentioned d 4 u mentioned on ds thread. God bless u doyexy. D intvw lasted 4 abt 25 mins. In all, tnx 2 God 4 I know it ws a success. 9ty all! I av 2 retire nw, av 2 travel back 2 base 2mao. Cheers!

polipompom: I shd start by tnkn God 4 d success of d intvw. Without stressing much, d qstns bimbcy stated wer d exact qstns I ws asked. I realised dey alrdy av d qstns listed in d performance sheet. Panel of 3, 2 male nd 1 female. It ws brain tasking bt 2 d Glory of God it ws smooth sailing. @ a point d lady ws lyk 'Paul, I'm so feeling u'. I cnt end ds post wfout appreciating u @doyexy. Wen I ws asked 2 mention d recent banking reforms, I remembered u(doyexy) nd smiled and den I mentioned d 4 u mentioned on ds thread. God bless u doyexy. D intvw lasted 4 abt 25 mins. In all, tnx 2 God 4 I know it ws a success. 9ty all! I av 2 retire nw, av 2 travel back 2 base 2mao. Cheers!

pls tell me D recent banking reforms thanks

polipompom: I shd start by tnkn God 4 d success of d intvw. Without stressing much, d qstns bimbcy stated wer d exact qstns I ws asked. I realised dey alrdy av d qstns listed in d performance sheet. Panel of 3, 2 male nd 1 female. It ws brain tasking bt 2 d Glory of God it ws smooth sailing. @ a point d lady ws lyk 'Paul, I'm so feeling u'. I cnt end ds post wfout appreciating u @doyexy. Wen I ws asked 2 mention d recent banking reforms, I remembered u(doyexy) nd smiled and den I mentioned d 4 u mentioned on ds thread. God bless u doyexy. D intvw lasted 4 abt 25 mins. In all, tnx 2 God 4 I know it ws a success. 9ty all! I av 2 retire nw, av 2 travel back 2 base 2mao. Cheers!

Congrats @ polipompom,,,am api for u my friend,,,Thank God it went smoothly...I wish every1 of Us d best,,we shall all meet at d top IJN,Amen

promise Jane: pls tell me D recent banking reforms thanks

1) 2 term tenure I.e maximum 10yrs tenure for banks CEO's
2) Introduction of non interest banking
3) Cashless policy
4) Use of calender year for financial reporting
5) The use of IFRS (international financial reporting standard) for reporting financial statement
6) Account categorization into low, medium and high level account and setting a deposit limit for each level of acount
7) New KYC (know your customer) requirements for banks
Removal of charges from atm withdrawal
9) Mobile banking

Yhemmai:

Lol...they must have enjoyed the conversation dt day

No b small tin,,lol..God pass dem jare

doyexy:

1) 2 term tenure I.e maximum 10yrs tenure for banks CEO's
2) Introduction of non interest banking
3) Cashless policy
4) Use of calender year for financial reporting
5) The use of IFRS (international financial reporting standard) for reporting financial statement
6) Account categorization into low, medium and high level account and setting a deposit limit for each level of acount
7) New KYC (know your customer) requirements for banks
Removal of charges from atm withdrawal
9) Mobile banking

I tink its kk if u knw dis 2....
*extension of microfinance banks' recapitalisation deadline
* Monetary policy committee(MPC) in their last meeting(last wk) maintained the monetary policy rate(MPR) @ 12% and also maintained d same cash reserve ratio benchmark
*CBN's policy concerning banks and their subsidiaries-CBN has banned banks holding company from lending to their subsidiaries bth local and foreign branches(offshore subsidiaries)
*also CBN has directed all banks to dissociate frm subsidiaries that are into non banking activities(I think that is why UBA registrar has been changed to africa prudential registrars while other subsidiaries in d UBA group have been listed ,diamond registrars to centurion registrars,gt assurance 2 mansard etc

Pardon my slightly incoherent thots*tired much*

SoRry 4 dis long essay bt I feel it can help someone...#notime 2 summarise d comprehension passage#

 Shareholders of United Bank for Africa (UBA) Plc have approved the internal restructuring and reorganisation of the capital of the Bank and its members in compliance with the Central Bank of Nigeria (CBN)’s Regulation on the Scope of Banking Activities and Ancillary Matters, which repealed the universal banking model under which Nigerian banks hitherto operated.

In compliance with the new regulations, shareholders convened at a ‘Court Ordered Meeting’ held Thursday at the Harbour Point, Victoria Island, Lagos and unanimously approved the adoption of a commercial banking structure by divesting all non-commercial banking businesses of the Group which are now to be held separately from UBA Plc by the Bank’s shareholders.

Under the new arrangement, the divested non-commercial banking businesses (except Africa Prudential Registrars and Afriland Properties that will be held directly by shareholders) will be consolidated within UBA Capital Plc, which today is one of the Bank’s subsidiaries. Besides UBA Plc, the restructuring will therefore result in the emergence of four separate standalone companies namely, UBA Plc, UBA Capital Plc, African Prudential Registrars Plc and African Properties Plc.

Chairman of the Bank, Chief Israel Ogbue while listing the benefits of the proposed structure said it would enhance UBA’s corporate governance practices as there will be dedicated board and management focus on the core business of commercial banking. He added that the structure will ensure the protection of shareholder value noting that in designing the new structure, care has been taken to ensure that the potential concerns of all stakeholders are addressed, particularly shareholders of UBA Plc.

“The proposed restructuring of the Group will ensure significant enhancement of portfolio optimization, coordination and reduction of risks and duplications across the different businesses. Shareholders will remain the end beneficiaries of inherent/future value existing in viable subsidiaries that operate in industries with strong underlying fundamentals and that have demonstrated sustainable growth and profitability profiles,” he said.

Explaining the rationale behind the new structure, the Group Managing Director/Chief Executive Officer of the Bank, Mr. Phillips Oduoza, said that the board decided to adopt a commercial banking structure that would lead to more value for shareholders, noting that under the scheme of arrangement, “Both UBA Capital Plc and Africa Prudential Registrars Plc will be listed companies on the NSE on day 1; hence, eligible shareholders will have the benefit of owning liquid stocks in these entities while Afriland Properties will be listed at a much future date.”

According to him, Africa Prudential Registrars Plc and Afriland Properties will be spun-off to the eligible shareholders in line with the CBN’s directive to banks to divest from such businesses. “Capital market valuations of post-restructure entities will likely reveal an unlocking of value as investors will gain a deeper understanding of spun off entities currently within the UBA Group. We believe that this will drive operational efficiency, support our growth strategies and be a significant driver of value to all stakeholders,” he added.

National Coordinator of Nigerian Shareholders Solidarity Association (NSSA) Sir Sunny Nwosu commended the board for taking the initiative to restructure the bank adding that it will also protect shareholders' value and will lead to increased capital market valuations.  

Also, Farouk Umar, President, Association for the Advancement of the Rights of Nigerian Shareholders (AARN) supported the board’s opinion that the restructuring will result in greater value and provide each entity with easier access to long term capital to finance growth, thus protecting shareholders' value. “I commend the board for this bold move to put the bank and the subsidiaries on the path of growth, we have seen a positive change in the Registrars unit and look forward to future benefits in all the spun off entities,” he said.

The UBA Group is an outstanding industry leader in commercial and retail banking across Africa with operations in 19 African countries as well as in 3 global financial centres (New York, London & Paris) serving over 7 million customer accounts through multiple channels and remote locations

thanks @sixteen08,,u make sense die!!!

doyexy: thanks @sixteen08,,u make sense die!!!

*hugs*

doyexy:

1) 2 term tenure I.e maximum 10yrs tenure for banks CEO's
2) Introduction of non interest banking
3) Cashless policy
4) Use of calender year for financial reporting
5) The use of IFRS (international financial reporting standard) for reporting financial statement
6) Account categorization into low, medium and high level account and setting a deposit limit for each level of acount
7) New KYC (know your customer) requirements for banks
Removal of charges from atm withdrawal
9) Mobile banking

You are really current,am sure u are an accounting student for u to know d new reporting standard for financial statement.i am reli impressed,and aslo d calender year.
Really happy to hear good news coming from this UBA thread and goodluck to everyone of u that have passed one stage or the oda,d real work is wen u become a full staff.
Its like i av no time for myself again,chasing moni cos every meeting u go for,u will feel like sheding tears wen dey finish wit u.
Once again,am really happy for every member of this group,i remember wen this thread started.

berniceu:

You are really current,am sure u are an accounting student for u to know d new reporting standard for financial statement.i am reli impressed,and aslo d calender year.
Really happy to hear good news coming from this UBA thread and goodluck to everyone of u that have passed one stage or the oda,d real work is wen u become a full staff.
Its like i av no time for myself again,chasing moni cos every meeting u go for,u will feel like sheding tears wen dey finish wit u.
Once again,am really happy for every member of this group,i remember wen this thread started.

Thanks, well am not an accounting person o! I studied microbiology,,got most of dis infos on nairaland, google, got from @sixteen08...nairaland has been very helpful to all of us here...wish us all d best

sixteen08:

I tink its kk if u knw dis 2....
*extension of microfinance banks' recapitalisation deadline
* Monetary policy committee(MPC) in their last meeting(last wk) maintained the monetary policy rate(MPR) @ 12% and also maintained d same cash reserve ratio benchmark
*CBN's policy concerning banks and their subsidiaries-CBN has banned banks holding company from lending to their subsidiaries bth local and foreign branches(offshore subsidiaries)
*also CBN has directed all banks to dissociate frm subsidiaries that are into non banking activities(I think that is why UBA registrar has been changed to africa prudential registrars while other subsidiaries in d UBA group have been listed ,diamond registrars to centurion registrars,gt assurance 2 mansard etc

Pardon my slightly incoherent thots*tired much*

thanks God bless u

berniceu:

You are really current,am sure u are an accounting student for u to know d new reporting standard for financial statement.i am reli impressed,and aslo d calender year.
Really happy to hear good news coming from this UBA thread and goodluck to everyone of u that have passed one stage or the oda,d real work is wen u become a full staff.
Its like i av no time for myself again,chasing moni cos every meeting u go for,u will feel like sheding tears wen dey finish wit u.
Once again,am really happy for every member of this group,i remember wen this thread started.

wot makes u feel lyk sheding tears?

Hellp peps, I understand some group have started training last wk thursday to run for 4wks.
Just want to know if any1 has information about wen the next Training school will be pls. I need dis for a strategic decision.

i wrote the test at uba house marina on Feb 28th and was successful but havent been contacted till now for any interview. what is going on?

magdayne: i wrote the test at uba house marina on Feb 28th and was successful but havent been contacted till now for any interview. what is going on?

U will soon be called cos its always in batches .....all d best as u wait and do other tins.

Thks 2 everyone. Had my interview late 2day.it was d same questions u guys discuss here. I knw God will surely finished dat which he has started.