UTC declares profit for 2020
Wednesday 26 May 2021
File photo: Customers wait in line to enter the Unit Trust Corporation s new office at Carlton Centre, San Fernando on July 1.
The Unit Trust Corporation (UTC) has recorded significant growth for 2020, with a growth rate of 4.3 per cent, moving from $22.8 billion to $23.8 billion in total assets.
The UTC delivered its financial statements for the period ending December 31 2020, at its 39th annual general meeting which was held virtually on Wednesday morning.
Chairman Gerry Brooks, who assumed the position in March 2020, said the UTC was knocked off its feet at the height of the pandemic last year, but quickly recovered and was able to record its highest growth since inception.
So, the other day, a young brother of mine posted an aerial picture on his Facebook page of the NECOM Building (or NET Building), with the caption ‘the tallest building in Nigeria’. As I admired the aerial view, I was taken aback. What?!! NET Building is STILL the tallest in Nigeria? This could be the perfect metaphor confirming that Nigeria is not improving, has become ambitionless, has stopped growing, literally, since NET building was completed in 1979.
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Now, Nigeria External Telecommunications (NET) Building as it was first known – before the rechristening to whatever name it bears today – was then an iconic building and a symbol of our progress, ambition, independence, creativity, modernity, and quest for achievement back in the late 70s. I recall as a 12 years old kid in 1983 when we learnt that the building was torched allegedly by people who had embezzled money and needed to obliterate their tracks, I felt personally angry and defrauded as I read the st
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