Union Bank is indeed special being the Bank of Nigerian President. The social media space has been agoged with blog posts and tweets following the Presidency’s release of the declaration of assets by the President and Vice President of Nigeria, Muhammadu Buhari and Prof. Yemi Osinbajo. The assets declared were houses, landed properties, farms, shareholdings, vehicles and bank accounts. Interestingly, the asset declaration revealed that Buhari’s sole account is maintained at Union Bank with a balance of about N30 million.
As expected in this digital age, Union Bank has said in the past that it is transforming to a simpler and smarter bank with the goal to becoming a highly respected provider of quality financial services. The bank is widely believed to be a reliable bank for the older crowd but has been working to change that perception with new products and services such as the UnionVibe account for youths which launched earlier this year.
On Twitter and other social sites the Bank commended President Buhari and Vice President Osibanjo on the public declaration of assets but didn’t say anything on specifics regarding the president’s account.
The Bank also said that the action of the President and his administration signals a genuine commitment to service and transparent governance and pledged to support the government in its quest to returning Nigeria to prosperity.