Pan-African financial services group, United Bank for Africa Plc
repeated the outstanding feat, it recorded last year at the 2nd
edition of Nigeria CFO awards, with a notch higher when its Group Chief Finance
Officer (Group CFO) and the Finance Team bagged the treble at the awards night
held on November 19, 2016 at Oriental Hotel, Lekki Lagos. The bank won the
following awards; CFO of the Year; Financial Innovation Project of the Year and
Finance Team of the Year.
Ugo Nwaghodoh, UBA’s Group Chief Finance Officer was ahead of other
nominees in the banking category, to emerge CFO of the year.
The Finance team of the year was also given to the finance division of
UBA for their exceptional performance in the year under review, which the organiser
say resulted in the bank emerging as one of the resilient performers in the
Nigerian banking industry, despite the economic downturn.
Receiving the awards, UBA’s Group CFO, flanked by some of his
colleagues, thanked the organizers for the recognition which is coming, second
time in a row, noting that he couldn’t have done it alone and that he is
delighted to be working with the best finance team in the Nigerian banking
industry. He dedicated the awards to his team who he said work assiduously with
the passion to always exceed expectations. Achieving a feat like this at a
challenging period, only indicates that hard work and dedication truly pays. We
are further encouraged by these awards but speaking the minds of my colleagues,
this presents new challenges to us, as we will intensify our commitment towards
setting benchmarks for the industry, particularly in our strategic roles beyond
financial reporting and performance management , Nwaghodoh said.
Also speaking at the awards night, the Chief Executive Officer of
Instinct Business magazine, Organisers of the CFO awards, Akin Naphtal,
explained that CFOs are integral to the successes of organizations as their
expansive financial perspectives help fuel growth. That is why we believe
the achievements of financial executives who have been outstanding in
their profession and have contributed in no small measure to the growth of
their organisations and the economy at large, must be recognized and
celebrated”.
The awards nights was a colorful gathering of CFOs from different
industries, including, banking, Insurance, Telecoms, Pharmaceuticals,
Construction, Investment Banking, Media broadcast, Conglomerate, Logistics
& transport, and Public sector across Nigeria with many lauding the
organizers for the rare initiative.
Mr Nwaghodoh, UBA’s Group CFO is a seasoned financial analyst and
accountant with over two decades experience spanning assurance, advisory,
financial control, strategy and business transformation, investor relations,
mergers and acquisitions, business integration and project management. Prior to
his appointment as Group Chief Finance Officer of UBA, he was at different
times, Group Financial Controller, Group Chief Compliance Officer and Head –
Performance Management in UBA. Before joining UBA in 2004, he had almost one
decade experience with Deloitte and PricewaterhouseCoopers, both in Nigeria and
Kenya.
He holds a BSc degree from the University of Ibadan, Nigeria and an MSc
degree in Finance and Management from Cranfield University, England. He is a
fellow of the Institute of Chartered Accountants of Nigeria and Institute of
Credit Administration. He is also an Honorary Senior Member (HCIB) of the
Chartered Institute of Bankers of Nigeria (CIBN), and a member of Cranfield
Management Association.
In his capacity as
GCFO, the Bank has sustained robust level of growth by consistently recording
significant and enviable financial performance.
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