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
ofother 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 organizer 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 theachievements 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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