UBA strengthens diaspora investment push with new banking platform

By: Amarachi Okonkwo

United Bank for Africa (UBA) Plc has reaffirmed its commitment to deepening diaspora-driven investment and strengthening economic linkages between Nigeria and global African communities.

The Group Managing Director/Chief Executive Officer of UBA, Oliver Alawuba, made this known while hosting representatives of the Nigerians in Diaspora Commission (NiDCOM), led by its Chairman/CEO, Abike Dabiri-Erewa, at the bank’s United Kingdom office earlier in the week.

The engagement follows the recent launch of UBA’s Diaspora Banking platform, an initiative designed to provide Africans living abroad with an integrated financial system to bank, invest, and manage obligations back home. The platform is positioned as a shift from traditional remittance services toward structured wealth creation and long-term investment opportunities.

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Alawuba described the diaspora as a key economic force capable of shaping new narratives for the continent, noting that UBA aims to serve as a financial bridge connecting global Africans to investment opportunities in Africa.

“With UBA, you have a financial partner that understands what you are going through and can support you to realise your aspirations both here and back home,” he said, urging diaspora Nigerians to take advantage of Africa’s high-yield investment environment.

Dabiri-Erewa commended UBA for its longstanding support of Nigerians in the diaspora and lauded the bank’s new platform as a strategic tool for engagement. She also highlighted the achievements of Nigerians abroad, calling for greater emphasis on positive narratives.

“Many of you here are the real game-changers… what we have tried to do internationally is to tell and celebrate the good stories,” she said.
The collaboration underscores growing efforts by financial institutions and government agencies to harness diaspora capital as a driver of economic growth, investment inflows, and development in Nigeria.