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UBA’s Back To School Package Offers Exclusive Discounts, Benefits For Children, Parents

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Africa’s Global Bank, United Bank for Africa (UBA) Plc is proud to announce its highly anticipated “Back2School” package, designed to provide exclusive discounts and benefits for both children and their parents.

As the new school session kicks off, UBA continues to fulfill its commitment to fostering a seamless educational journey with innovative offerings aimed at assisting parents in nurturing their children’s educational journey with ease.

UBA’s Head, Retail, Products and Sales, Prince Ayewoh explained that the bank recognizes the pivotal role that education plays in shaping the future, which is why it developed strategic offerings and entered collaborations to enable families to embrace the new school season with enthusiasm and confidence.

He said, “We want our customers – both old and new ones – to know that we are more than just a financial institution, we are a reliable partner in their daily journey. With exclusive discounts and benefits tailored for both children and parents, we aim to alleviate some of the financial burdens associated with every new school season. This initiative reflects our holistic approach to banking, where we consider not only the financial needs of our customers but also their well-being and aspirations.”

With the UBA ‘Back2School’ package, parents are set to enjoy scholarships, affordable healthcare plans as well as a 13th-month cash reward for their wards when they open and maintain a UBA Kiddies and Teens Accounts with N5,000 for 12 months or N10,000 for six months.

Additionally, the bank is offering a UBA Personal loan, where parents can access up to N30 million to enable them to give their children and wards the kind of world-class education and life they deserve.

UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, who expatiated on the array of offerings to be enjoyed by the bank’s customers this season, said that by using a UBA prepaid or debit card, customers can now access to an exciting world of discounts for their children.

She said, “This season, UBA presents an array of exciting benefits that come with their prepaid or debit cards. Our customers now have access to a world of discounts that extend not only to their children but to themselves as well. For the students, for instance, their after-school learning is sorted with a 10% discount on ULesson packages when customers pay with their UBA card.

Continuing, she said, “Also, the bank has partnered with i-Fitness Gym, offering an exclusive opportunity for parents to de-stress during the school year, and by paying with a UBA card, parents can enjoy up to 30% off at any of their gyms nationwide, promoting a healthier and more balanced lifestyle.”

Ladipo shed light on the bank’s partnership with Aura by Transcorp; as she explained that using the UBA card, parents can book a rejuvenating staycation package through the Aura by Transcorp app and enjoy a generous 5% discount. “It is a perfect way for parents to recharge while entrusting their children’s education to capable hands,” she explained. She also added that parents can also get a relaxing massage at Oriki Spa, as they will enjoy a 10% discount using their UBA cards.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

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President Tinubu Submits Four Tax Reform Bills To National Assembly

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President Bola Tinubu has submitted four tax reform bills to the National Assembly for their consideration.

In a letter presented during the plenary sessions by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, on Thursday, the President outlined that the bills align with his administration’s goals.

The proposed legislation includes the Nigeria Tax Bill 2024, designed to establish a comprehensive fiscal framework for regulating taxes.

The Tax Administration Bill aims to provide a clear legal structure for managing taxes in Nigeria, reducing disputes and improving efficiency.

Additionally, the Nigeria Revenue Service Establishment Bill seeks to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service.

The Joint Revenue Board Establishment Bill proposes the creation of a tax tribunal and an ombudsman to handle tax-related issues.

Tinubu emphasized that these bills are intended to strengthen Nigeria’s fiscal institutions and support the broader development goals of his government.

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BREAKING: Court Bars VIO From Stopping, Impounding, Confiscating Vehicles

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A Federal High Court in Abuja has barred the Directorate of Road Traffic Services (VIO) from stopping vehicles, impounding or confiscating them, and imposing fines on motorists.

Justice Evelyn Maha issued the order in a judgment on fundamental rights enforcement suit FHC/ABJ/CS/1695/2023, filed by human rights activist Abubakar Marshal.

The judge upheld Marshal’s argument that “no law empowers respondents to stop, impound, confiscate, seize, or impose fines on motorists.”

Justice Maha declared that the respondents, under the control of the Minister of the FCT, are not empowered by any law to stop, impound, or confiscate vehicles or impose fines.

She issued an order restraining them from doing so, stating it’s “wrongful, oppressive, and unlawful.”

Additionally, Justice Maha made a perpetual injunction restraining the respondents from violating Nigerians’ rights to freedom of movement, presumption of innocence, and right to own property without lawful justification.

 

More to come…

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NELFUND Fixes BVN Verification Glitch, Urges Students To Reapply For Loans

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The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.

The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.

In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.

“Dear Students,

“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.

“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.

“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.

NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.

The revised Student Loan Act of 2024 was designed to eliminate financial barriers and make education more accessible to all Nigerian students, regardless of their economic background.

The Nigerian Education Loan Fund (NELFUND) receives its primary funding from a 1% allocation of the total revenues collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service through taxes, levies, and duties.

In August, President Bola Tinubu announced that the Economic and Financial Crimes Commission (EFCC) had transferred N50 billion in recovered funds to NELFUND, following his directive, to further strengthen the student loan program.

Students from across the country applied for the NELFUND loan, with the top 10 states having the highest number of applicants, in ascending order, being Taraba, Yobe, Adamawa, Oyo, Plateau, Kaduna, Katsina, Benue, Borno, and Kano, which ranks first.

Since the fund disbursement’s rollout, NELFUND has distributed N4.6 billion as tuition support to students in 59 approved tertiary institutions across the country.

This includes N2.5 billion disbursed in August and an additional N2.1 billion disbursed to students in 40 institutions earlier in September.

Furthermore, in August, NELFUND initiated the distribution of N20,000 monthly stipends to beneficiaries, with 20,371 students from six tertiary institutions successfully receiving their July payments.

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