Retraction And Apology For False And Unsubstantiated Report Published Against United Bank For Africa (UBA) |The Source

In The Source (Magazine) Online  edition of May 5, 2021, we published a story titled “UBA: Fitch, Vetiva Warn Investors To Shun ‘Africa’s Global Bank’, wherein it was reported that the two organisations issued a negative advisory against the bank, as stressed.

Upon interrogation of the story and its source, we have since discovered the claims in the report to be untrue and, therefore, retract the story in its entirety.

We have, also, since pulled the story.

We, hereby, tender an unreserved apology to the Management of the United Bank for Africa, UBA, an institution we hold in high esteem, and others that may have been misled by the report.

Editor.