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Union Bank Sets New Industry Standard with Comprehensive Maternity Leave and Onsite Crèche Facility

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24 October 2024

Union Bank has set a new standard in Nigeria’s financial sector by offering unparalleled comprehensive maternity leave to support working mothers and an on-site crèche facility to support working parents, both male and female full-time employees. The new initiative includes an industry-leading five months of fully paid maternity leave, exclusive of the applicable annual leave, and an on-site crèche facility.According to Section 54 of the Labour Act in Nigeria, new mothers are legally entitled to 12 weeks of maternity leave. However, Union Bank is leading the way with this groundbreaking comprehensive package, which is a significant step ahead of industry norms. This extended leave, coupled with the ability to take annual leave, gives new mothers more time to recover and bond with their newborns, aligning with SDG 3: Good Health and Well-being. Additionally, returning mothers will benefit from a one-hour late resumption for the first month, easing the transition back into work and ensuring a smoother work-life integration.Union Bank will also be adding an onsite crèche facility to further support working parents, with a pilot programme at the Head Office set to launch in December 2024. The crèche will provide lactation rooms and family-friendly amenities, offering a convenient childcare solution, particularly for working mothers. This initiative supports SDG 5: Gender Equality by enabling women to balance their professional responsibilities with childcare needs, helping to retain top female talent and fostering an inclusive work environment.By promoting gender diversity, Union Bank is contributing to broader economic growth; research shows that achieving gender parity in the workforce could increase global GDP by 26%. With these innovative policies, Union Bank is taking significant steps to strengthen its position as a forward-thinking employer in the financial sector.According to Omayuli Wale-Ajayi, Chief Talent Officer of Union Bank “At Union Bank, we are proud to set a new standard in the banking sector with comprehensive maternity leave for working mothers and crèche facilities for the babies of both male and female full-time employees. We are committed to creating a workplace where women can thrive, and these initiatives are crucial in supporting working mothers as they balance their careers and personal lives. By providing five months of fully paid maternity leave and convenient childcare solutions, we aim to retain and empower top talent, ensuring all employees can contribute to the bank’s success.”These progressive policies enhance work-life balance and position Union Bank as a leader in workplace inclusivity and sustainability. By prioritising gender diversity and employee well-being, Union Bank is committed to creating a supportive, inclusive workplace that aligns with global sustainability goals.###Note to editors:About Union Bank Plc.Note to editors:About Union Bank Plc:Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria. The Bank currently offers a variety of banking services to both individual and corporate clients, including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems. More information can be found at: www.unionbankng.comMedia Enquiries: Favour Ayeni +234 (02) 01 2716800 – 2 fbayeni@unionbankng.com, mediarelations@unionbankng.com-Ends-

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NEWS

Governor AbdulRazaq inspects ongoing Kwara’s Indoor Sports Hall project

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Kwara State Governor Abdulrahman Abdulrazaq visited the Kwara Stadium Complex to evaluate the progress of the ongoing revival of the indoor sports hall.The rehabilitation and upgrade of the indoor sports complex began a few months ago after the Governor’s administration approved the project. The facility, which was last upgraded in 1991, is undergoing significant renovations awarded to Messr Disscom Ltd.Once completed, the indoor sports hall will join a number of other previously dilapidated sports facilities that Governor Abdulrazaq’s administration has successfully rehabilitated in the past five years. Additionally, the administration has completed the construction of a modern table tennis hall and a squash court complex. Notably, the squash court complex is highly regarded in Nigeria and West Africa for hosting the highest number of modern squash courts in one location.

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Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him

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The governor of Ekiti state, Biodun Oyebanji has honoured the Primate Elijah Ayodele’s late father by naming a street after him in Ikere-Ekiti.The street which used to be ‘Area One’ where the prophet’s church in Ekiti is located has now been registered as Ayomate Avenue.According to reports, the renaming took the combined efforts of the Ogoga of Ikere-Ekiti, Oba Samuel Alagbado, his chiefs, the local government chairmen, and ultimately, the governor of Ekiti state, Biodun Oyebanji.According to the governor, the street was named in recognition of the good works done by the late father of Primate Ayodele and the continuation of the good works by the prophet. He also recognized the efforts of the prophet to drive economic growth in the community.Primate Ayodele embraced the development while expressing appreciation to the governor for honouring God in such a manner. The prophet applauded the governor for his efforts towards bringing development to Ikere-Ekiti and promised that the presence of his church will in turn lead to more economic development in the local government.Furthermore, Primate Ayodele promised that he would begin by sinking boreholes across the local government to support the government in solving the water crisis.‘’I appreciate the governor for the magnanimous development of naming this vicinity after our church, it’s indeed marvellous in God’s sight. This is a testament to his love for God and the people of Ekiti state.”“I also want to appreciate him for the development he started in Ikere-Ekiti local government, the people are happy with him and above all, God is happy with him for all he is doing”“I want to promise His Excellency that our presence here will bring a new dawn to this vicinity, we will also assist the government. We will be sinking boreholes across the local government to solve the water crisis.’’History has it that Primate Ayodele’s father was one of the most respected individuals in Ikere-Ekiti who brought good tidings to the community and provided succour for individuals who needed help.Consequently, Primate Ayodele has been engaging in humanitarian activities on a large scale across the country. Since he opened a branch in Ikere-Ekiti, Primate Ayodele has organized charitable programmes thrice which involved selling a bag of rice for N20,000, scholarships for youths, empowerment for widows, to mention but a few.

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BREAKING: Gov Abdulrazaq approves bonus for Kwara workers to ease economic burden

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Kwara State Governor Abdulrahman Abdulrazaq has approved a financial bonus that is equivalent to the monthly PAYE obligation for every civil servant in the state, including local government workers.

The emergency support measure will last for at least three months, according to a statement by the Commissioner for Finance Dr. Hauwa Nuru.

“This bonus has been approved as a buffer to bridge the gap that the correct PAYE deduction may have wrought on the newly implemented mininum wage. It is meant to serve as a soothing balm as workers adjust to the PAYE that was just correctly implemented in line with the Personal Income Tax Act,” she said.

“The payment of the bonus is effective from October and will run till December 2024. This is a significant step by His Excellency to support workers.”

The statement added that workers who have not registered with the Kwara State Residents’ Registration Agency (KWSRRA) should do so immediately because anyone without it will not get the bonus for November and December.

The statement said labour unions have also agreed to a refund of the special levy deducted from workers’ salary and suspension of deductions of same until further notice.

“Governor AbdulRazaq’s directive to deliver this relief speaks volumes about his humanity and his commitment to the welfare of Kwara workforce,” Dr. Nuru stated.

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