Unity Bank's facility for BRT buses hits N981.1m

THE Managing Director of Unity Bank Plc, Mr. Ado Wanka recently said that the bank had financed the purchase of BRT buses to the tune of $6.3 million (N981.1 million).Wanka said this during the celebration of Unity Bank Day at the ongoing 2011 Lagos Trade fair.He said that the bank also provided another N215 million to ensure the buses were cleared from the port, registered, kitted and have parking spaces.According to him, 'in this way the bank was participating in the Lagos State Government's efforts to make Lagos a Mega City.''Let me remind us of peculiar challenges of transportation in Lagos. Simply put, movement in Lagos can be tricky.'That is why Unity Bank financed the purchase of 100 42 seater buses by HFZ Transport Services at a cost of $6, 330,000.'Moreover, to ensure port clearance, proper vehicle registration, kitting and provision of parking spaces for the buses we also provided a further financial outlay of N251, 000,000.'In this way, we are participating in the steps being taken by the administration of Governor Babatunde Fashola to reshape Lagos into a model city of the 21st century,' he said.Wanka said that the bank would continue to partner with the government to transform Lagos positively, adding that that was demonstrated by its participation in collection of Internally Generated Revenue (IGR).He said that the bank had 36 branches in Lagos and 18 in Kaduna parading latest Information Technology infrastructure, adding that that underscored the importance, which the bank attached to Lagos.He said that the bank was the first to implement the Oracle 11g on Banks' Application Software.The managing director said that the bank's latest products included Unity BetA, Unity PAYS, and Unity Holy Trip.He added that Unity BetA, empowered small business and entrepreneurs to grow their businesses while Unity PAYS, provided customer opportunity to buy valuable assets like generator sets and machines.He also said that Unity Holy Trip, provided opportunity for customer to save for pilgrimage and features BTA allowance and 50 per cent credit facility.The President of Lagos Chamber of Commerce and Industry (LCCI), Mr. Femi Deru, commended the bank for having over 5, 000 people in its employment.He said that this made them the largest employer of labour, adding that they should keep it up and work hard to meet its quest of being the highest capitalised bank in 2016.
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