United Bank for Africa’s DMD Acquires Shares worth ₦27.37 million

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United Bank for Africa Plc (UBA) has notified the Nigerian Stock Exchange that its Deputy Managing Director, Ayoku Liadi, has acquired 3,220,000 units of United Bank for Africa Plc’s shares, worth ₦27,370,000.00 on Wednesday, January 6, 2021.

The disclosure was made by the Group’s Secretary, Bili A. Odum in line with the Nigerian Stock Exchange policy on insider dealing.

United Bank for Africa's DMD Acquires Shares worth ₦27.37 million Brandspurng
UBA’s Deputy Managing Director, Ayoku Liadi,

The purchase was made in five transactions on the floor of the Nigerian Stock Exchange, at an average price of N8.50. This brings the total consideration for the 253,982 shares purchased by Ayoku Liadi is put at ₦27,370,000.00.

Transaction Breakdown:

  • 817,231 shares at N8.60
  • 1,294,498 shares at N8.50
  • 185,052 shares at N8.55
  • 900,974 shares at N8.40
  • 22,245 shares at N8.45

Brief Profile of Deputy Managing Director, Ayoku Liadi

Appointed Executive Director in 2016, Ayoku Liadi holds a B.Sc in Business Management from the University of Nigeria, Nsukka. Ayoku is also a Chartered Accountant and member of the Institute of Chartered Accountants of Nigeria (ICAN).

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Prior to joining UBA Plc in 2014, he had over two decades of banking experience in Business Transformation, Relationship Management, Banking Operations, Risk Management, and Financial Control.

He was the Managing Director, Guaranty Trust Bank, Sierra Leone Limited where he led the bank to win the most profitable bank in Sierra Leone in 2013, as well as Financial Institution of the year in 2013, and The Most Customer-Focused Bank Award in 2012 by KPMG. He also had a stint at Zenith Bank and rose to the position of Deputy General Manager in 2006.

He has attended various local and offshore courses in Banking, Strategy, and Leadership, among others.

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