At inception in 2004, 5 major full-service financial institutions with a combined capitalisation of over $800m had equal ownership of UVC. The shareholders were:
   
Name                                  
Union Bank of Nigeria PLC
 
Afribank PLC
 
NAL Bank PLC   
                   
Afribank International

Union Merchant Bank Ltd
Designation

20.00%

20.00%

20.00%

20.00%

20.00%

   
Since 2006      
Union Bank PLC (40%); Mainstreet Bank PLC (40%); Sterling Bank PLC (20%)  (Post CBN Consolidation)
 
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