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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