UBA foundation donates N500m to Lagos State Security Trust Fund
United Bank for Africa (UBA), through its corporate social responsibility arm, the UBA Foundation, has donated N500 million to the Lagos State Security Trust Fund (LSSTF) as part of its ongoing commitment to fostering a secure environment for individuals and businesses.
The N500 million cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi, at the State House, Marina, Lagos, on Sunday.
During the presentation, Elumelu reiterated UBA’s dedication to supporting initiatives that promote the safety and prosperity of communities across Nigeria. He said, “At UBA, we understand that security is critical for economic growth and societal well-being. Our donation to the Lagos State Security Trust Fund reflects the bank’s belief in building safer communities to enhance the quality of life for all. We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”
In response, Governor Sanwo-Olu expressed his gratitude to the UBA Group and UBA Foundation for their significant contribution. He commended Mr. Tony Elumelu for his unwavering commitment to impactful projects that drive the state’s progress and well-being.
“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,” the Governor said.
This latest donation is in line with UBA Foundation’s Special Projects initiative, which focuses on addressing critical societal issues through strategic partnerships and impactful interventions. Over the years, UBA Foundation has contributed to enhancing education, environmental sustainability, economic empowerment, and other special projects across Africa. The Foundation’s commitment to security as a driver of sustainable development is reflected in its support for programmes like the LSSTF.
Elumelu also emphasised UBA’s role as a leader in corporate philanthropy, explaining that by supporting the state’s efforts to improve security, UBA recognises the vital link between safety and economic stability.
“This partnership with the Lagos State Government reinforces the bank’s belief in collaborative efforts as the key to addressing security challenges and creating environments where individuals and businesses can thrive. We believe that a secure Lagos State is integral to a secure Nigeria. UBA Foundation will continue to support transformative initiatives that uplift lives and drive development,” he said.
UBA Foundation, the CSR arm of UBA Group, is committed to the socio-economic development of the communities in which the bank operates, focusing on education, the environment, economic empowerment, and other special projects.
