Africa’s Global Bank, United Bank for Africa (UBA) Plc, says it has paid more than N400 million in anniversary bonuses to thousands of customers through its UBA Bumper Account, underscoring the lender’s push to reward loyalty and reinforce a culture of saving. The bank described the payouts as among the largest loyalty rewards recorded under the Bumper Account programme since it began, with eligible customers receiving cash directly into their accounts as their savings milestones were reached.
The UBA Bumper Account is positioned as a savings product designed to benefit customers for simply maintaining and growing their deposits. Under the scheme, when an account becomes eligible and reaches its anniversary each year, customers receive a cash bonus. UBA says this structure is intended to make disciplined saving more motivating, while also turning regular deposits into tangible, recurring rewards.
Tomiwa Sotiloye, UBA’s Head of Retail Products, said the bank remains focused on ensuring customers see direct benefits from their relationship with UBA. He described the payments as a “thank you” for customers who continue to place their financial goals with the bank, adding that exceeding the N400 million mark reflects UBA’s commitment to offering products that both help customers save and reward them in practical ways. Sotiloye also said the results illustrate a reciprocal growth model, where customers’ progress is matched by the bank’s commitment to create value as they grow.
UBA added that customers—both new and existing—can open a UBA Bumper Account through multiple channels, including the website link provided by the bank, any UBA branch, the UBA Mobile Banking App, or by dialing *919#. The bank said the process is designed to be seamless, allowing savers to position themselves to qualify for future anniversary bonuses.
In comments on the same development, Alero Ladipo, UBA’s Group Head for Brands, Marketing and Corporate Communications, said the bank’s customer-first approach continues to influence how it builds products. Ladipo described the UBA Bumper Account as an expression of that philosophy, saying the bank deliberately designs offerings that encourage responsible financial behaviour while delivering measurable value. Crediting over N400 million directly into customer accounts, she said, represents more than a payout—framing it as evidence of UBA’s promise to make banking more rewarding and to continually appreciate the confidence customers place in it.
UBA also highlighted that the UBA Bumper Account remains one of its flagship retail savings products, combining savings benefits, digital accessibility, and loyalty rewards. The bank said it forms part of its wider strategy to deepen financial inclusion by encouraging sustainable savings habits, while also improving the customer experience through convenient, technology-enabled banking.
United Bank for Africa Plc operates as Africa’s Global Bank, serving more than 45 million customers across 20 African countries, with additional presence in the United Kingdom, the United States, France, and the United Arab Emirates. UBA says it provides retail, commercial, and institutional banking services through technology-driven solutions, while working to expand financial inclusion across the continent.
