Business
UNICAL Establishes Micro- Finance Bank

The Vice Chancellor of the University of Calabar, Prof. Zana Akpagu, will officially commission the new branch of UNICAL Community Micro Finance Bank (UCMFB) in Bekwarra Local Government Area of the state before the end of the year.
Inside sources revealed that the bank will have two Automated Teller Machines (ATMs) which will be the first in the history of the local government.
This is in fulfilment of his promise during the award of the highest Chieftaincy title in Bekwarra while Prof. Akpagu, from the Northern Senatorial District of the state, announced that he will open a new UCMFB in the area.
Prof. Akpagu, who doubles as the Chairman of UCMFB, pledged to open a new branch of the bank in the area in line with his administration’s policy to expand the operational framework of the bank across the state for more effective business and service delivery.
The paramount ruler of Bekwarra, His Royal Majesty, Linus Ogbeche Odey, in his speech during the occasion decried the sufferings of his people in having any bank related financial transaction since the local government lost its first small micro finance bank over a decade ago.
At the time of filing this report, the building, with state-of-the-art facilities is almost 90 per cent complete with ATMs ready to be commissioned and opened for business.
By: Friday Nwagbara, Calabar