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UNILAG hands over land to UBA

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University of Lagos (Unilag). Photo; GOOGLE

The management of the University of Lagos has handed over a piece of land close to the new library building to United Bank for Africa ( (UBA) to construct its branch on campus.

Deputy Managing Director of the bank, Mr. Ayoku Liadi, who received the land from the university’s vice-chancellor, Prof. Oluwatoyin Ogundipe last Friday said the proposed building would be shared with the institution.

He said the bank plans to use two floors for its operations and donate the remaining two floors to the university.

Liadi said: “It is going to be a four-storey building. We are only going to use the first and ground floor for our operations, while donating the second and third floors to the university for its operations. So we see it as an opportunity to have a permanent location on campus.

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Don’t forget that UBA is the first bank on campus. We have been here since late 60s, so having a permanent site that befits that historical relationship with the university, we consider it as very important.”

Liadi thanked the university community for being loyal over the years. He said the bank had also being supportive of the university.

“We have a professorial seat that is working with faculty of business administration. We started it about 30 years ago. We revived it four years back and today, we have a Professor of Finance whom we have sponsored to conduct research on behalf of the UNILAG and the bank,” Laidi said.

Prof. Ogundipe said as the oldest bank on campus and one with the largest customer base, UBA had become family to a lot of UNILAG workers, students and alumni.

He said: “UBA was the first bank on campus. So there is a strong tie between UBA and University of Lagos but when the issue of construction came in, we had to relocate to a temporary site. If you look at all the banks we have on campus, UBA has the biggest portfolio in terms of the number of customers they have; even people that have graduated from the university and present students are still using UBA. So you can see that the bank has a strong relationship with the school and they have some students’ project that they fund.”

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