The United Bank for Africa(UBA) has donated the sum of N500m to the Lagos State Security Trust Fund to enhance the provision of a secure environment for individuals and businesses in the state.

According to Monday’s release from the bank, the donation was made through the UBA Foundation, its corporate social responsibility arm.

The N500m cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by the UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi, at the State House, Marina, Lagos, on Sunday.

Speaking during the presentation, Elumelu said, “At UBA, we understand that security is critical for economic growth and societal well-being.

Our donation to the Lagos State Security Trust Fund is a reflection of the bank’s belief in building safer communities to enhance the quality of life for all.

We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”

Elumelu emphasized the bank’s role as a leader in giving back to society, explaining that in pledging its support to the state’s efforts at improving security, UBA recognizes the vital link between safety and economic stability.

“This partnership with the Lagos State Government reinforces the bank’s belief in collaborative efforts as the key to addressing security challenges and creating environments where individuals and businesses can thrive.

We believe that a secure Lagos State is integral to a secure Nigeria.

UBA Foundation will continue to support transformative initiatives that uplift lives and drive development,” Elumelu said.

While receiving the N500m cheque, Sanwo-Olu said, “We are grateful to the UBA Group for their significant contribution to the Lagos State Security Trust Fund.

This donation will strengthen our efforts to enhance security and protect our citizens. Together we are building a safer Lagos for all.”

This latest gesture aligns with UBA Foundation’s Special Projects initiative, which focuses on addressing pressing societal issues through strategic partnerships and impactful interventions.

UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of education, the environment, economic empowerment, and other special projects.