E-Financial
UBA Gets Commendation for “All About U” Debit MasterCard
United Bank for Africa (UBA) Plc; the pan-African financial services institution with operations in 19 African countries, has been commended for its leading role and support to the cashless banking initiative of the Central Bank of Nigeria (CBN) with its array of innovative e-banking products and services geared towards making banking transactions seamless for Nigerians.
Speaking at the launch of UBA “All About U” Debit MasterCard; the latest innovation in the electronic banking segment by UBA Plc in Lagos, Omokehinde Ojomuyide, vice president & Area Business head, MasterCard Worldwide, said the bank has continued to play a significant role in ensuring the success of the cashless banking initiative through its innovations.
Ojomuyide who expressed delight in with UBA on this laudable project described the “All About U” Debit as a veritable banking product that will make electronic banking attractive and convenient for customers of the bank.
“This is a commendable innovation and we are thrilled to partner with people and institutions that are at the forefront of technology, like UBA Plc,” she added.
The UBA “All About U” Debit MasterCard, is a personalised debit card which allows Customers carry around their fond memories while using their Debit Cards.
Kennedy Uzoka, deputy managing director, UBA, while presenting the card at the launch ceremony, said the “All About U” Card was made for the bank customers to express themselves by branding their payment cards.
“The UBA “All about you’’ Debit MasterCard is another ground-breaking development in the industry. What you see is that UBA has gone through a detailed certification process to make sure our products serve the purpose of our customers. We are giving you something to own. A card truly reflects your own personality. You do not need a bank logo, but your personal logo or identity,” Uzoka said.
He noted that the cards will also be available to over 7 million customers of UBA in all the 19 African countries and three global financial centers where the bank operates, adding that a platform has been created where customers can upload their cards even from the comfort of their homes.
According to him, the UBA “All About U” card is a very secure card, noting specifically that with the launch of the Security Operations Centre (SOC) & Forensic Lab that provides all round security monitoring for all electronic banking transactions, UBA customers have more security for using any of the bank’s e-banking products.
The same sentiments were also echoed by Dr. Yinka Adedeji, divisional head, e-Banking, UBA Plc. said that the bespoke look and feel that UBA brought to card issuance through the All about you card will significantly boost the cashless initiative in Nigeria.
“Using design software which seamlessly integrates with the bank’s card management system, the UBA “All About U” card perfectly blends in the UBA brand with the customer’s creative imagination, making the customer a ‘partner-in-design’ while creating a sense of loyalty and enhancing affinity” he stated.
E-Financial
Secret Service Seizes $400M in Crypto, Cold Wallet among World’s Largest

US Secret Service has quietly seized nearly $400 million in digital assets over the past decade, amassing one of the world’s largest crypto cold wallets, Bloomberg reported at the weekend, citing people familiar with the matter.
The agency’s Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, an investigative analyst with the US Secret Service, reportedly told law enforcement officials in Bermuda last month.
The agency’s crypto trove, much of which sits in a single cold-storage wallet, results from a string of investigations into scams. Scammers lure targets into seemingly legitimate crypto investment platforms in one typical scheme.
Victims often see initial profits before the sites vanish with their deposits.
“That’s how they do it,” Lam said. “They’ll send you a photo of a really good-looking guy or girl. But it’s probably some old guy in Russia.”
Lam’s team uses domain records, blockchain transactions, and VPN slip-ups to identify fraudsters. In one case, a cryptocurrency payment led investigators to another wallet. In another one, a brief VPN failure exposed an IP address, helping agents piece together the scam’s digital trail.
At the helm of the Secret Service’s crypto strategy is Kali Smith, who directs a team that has trained officials in over 60 countries to unmask online financial crimes.
The agency has focused on jurisdictions with weak oversight or programs selling residency to foreign nationals. “Sometimes after just a week-long training, they can be like, ‘Wow, we didn’t even realize that this is occurring in our country,’” Smith said.
The Secret Service’s work has uncovered scams ranging from romance-investment schemes to sextortion cases. One investigation involved an Idaho teenager who sent a nude photo to an online stranger. The scammer extorted $300 twice before the teen went to the police.
Analysts traced the payments through another coerced teenager acting as a money mule, leading to an account tied to nearly $4.1 million in transactions under a Nigerian passport.
British police arrested the suspected extortionist when he arrived in Guildford, England, where he remains in custody pending extradition.
E-Financial
Ascensia Finance Commences Operations in Abuja

Ascensia Finance Company has officially commenced operations to provide financial intermediation services in Abuja.
Licensed by the Central Bank of Nigeria (CBN) in April, the financial institution aims to support individuals and small businesses through customised financial solutions delivered via efficient and accessible channels.
It offers a broad range of services, including loans, investment products, and financial advisory services tailored to meet the evolving needs of its customers.
In a statement, Mr. Jude Ezeami, Managing Director/Chief Executive, Ascensia, stated that proud member of the Finance House Association of Nigeria (FHAN), and in partnership with the Nigeria Interbank Settlement System Plc (NIBSS) and Remita, the company is leveraging strong institutional relationships and digital infrastructure to offer reliable financial services.
He said, “At Ascensia, we are committed to the growth of our clients by delivering inclusive, customer-centric financial services that empower individuals and small businesses to thrive.
“Our suite of products is designed to address the financing needs of Nigerians — whether through accessible personal loans, business financing, or innovative investment solutions.”
He said with the company’s strong foundation, experienced leadership, and a deep understanding of the local market, Ascensia remained poised to become a key player in Nigeria’s financial services industry.
The company is driven by a team of seasoned professionals with extensive experience in Nigeria’s resilient financial services sector.
Anchored on the core values of Trust, Resilience, Integrity, Creativity, and Empathy (TRICE), the company introduced a suite of innovative financial products.
These include personal loans of up to N5 million for self-employed professionals, with a repayment tenor of up to 12 months.
The company also provides SME loans of up to N10 million, specifically designed to support shop owners and small business operators engaged in trade of fast-moving consumer goods, with financing available for inventory and working capital needs.
The Ascensia PayEasy, a “Buy Now, Pay Later” solution, enables individuals and companies to acquire consumer goods or assets with a minimum 30 per cent deposit, and repay the balance over a six-month period.
For salaried employees in both the public and private sectors, the company offers PayDay Loans of up to ₦5 million, repayable over 12 months.
Through its Contract Finance offering, Ascensia supports vendors, suppliers, and contractors working with credible companies, NGOs, and public-sector agencies.
The product facilitates timely order fulfilment and improves liquidity by providing early access to funds through invoice discounting on confirmed invoices from approved counterparties.
The company also offers group loans for traders, artisans, farmers, and producers of fast-moving goods.
These loans are structured around group-based cross-guarantees, making financing accessible to individuals with strong cash flows but limited collateral. Eligible borrowers can access up to N3 million, repayable within 180 days.
E-Financial
Union Bank Champions Civil Service Reform at International Conference

Union Bank, one of Nigeria’s most enduring financial institutions, made a resounding statement of support for governance reform by partnering with the first-ever International Civil Service Conference, held on June 25–26, 2025, at Eagle Square Arena, Abuja.
With the theme “Rejuvenate, Innovate & Accelerate,” the conference brought together civil servants, development partners, and senior government officials—including President Bola Ahmed Tinubu—to strategize on the digital transformation and renewal of Nigeria’s public service.
Hosted by the Office of the Head of Civil Service of the Federation in collaboration with the Global Government Forum UK, the event focused on modernizing governance through inclusive leadership, adaptive institutions, and seamless service delivery—values that resonate with Union Bank’s digital-first approach.
Speaking at the event, Mannir Ringim, Executive Director for North and Public Sector, emphasized the Bank’s dedication to national development:
“At Union Bank, we believe in the transformative power of public-private partnerships. Our support for this landmark conference underscores our commitment to modernizing Nigeria’s civil service through innovative financial solutions that foster transparency and efficiency.”
Union Bank’s presence at this pioneering event not only underscores its forward-thinking ethos but also positions the Bank as a catalyst for progress at the intersection of finance and public administration.
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