Fidelity Bank Plc, top Nigerian lender on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted efforts to promote the culture of savings amongst Nigerians. The Savings campaign which will ride primarily on digital technologies is one of the many initiatives of the bank aimed at rewarding new and existing customers for their unwavering loyalty and patronage.
Dubbed “Get Alert In Millions (GAIM) Season 4”, the savings promo is expected to run till April 2020, a duration of six months and will see customers cart away a total of N120 million in cash prizes. Speaking at a press conference heralding the commencement of the promo in Lagos, the Bank’s MD/CEO, Nnamdi Okonkwo pointed out that the campaign is the ninth in the series of savings promos organised by the Bank in last 12 years to incentivise its customers.
Okonkwo who was represented by the Executive Director, Shared Services & Products (EDSS&P), Chijioke Ugochukwu pointed out that the campaign seeks to reward customers for their loyalty and patronage. Whilst the savings promo is targeted at a cross section of customers, Chijioke noted that the Bank apart from using traditional channels will utilise digital platforms such as its Quick Response (QR) code and Virtual Assistant to reach unserved areas.
L-R: Head, Savings Group, Janet Nnabuko; Regional Bank Head, Apapa, Jude Monye; Executive Director, South, Aku Odinkemelu; Executive Director, Shared Services and Products, Chijioke Ugochukwu; Executive Director, Lagos and South West, Nneka Onyeali- Ikpe; Executive Director, Operations and Information, Gbolahan Joshua, all of Fidelity Bank at a press conference, announcing the official launch of the Fidelity Get Alert in Millions Promo Season 4 in Lagos …Thursday
Giving insight into the rationale behind organising this initiative, Okonkwo noted that savings promos remained an integral part of the Bank. He asserted that the promo was focused on reaching out to the unbanked population across the nation. “We embark on campaigns like this to drive financial inclusion in line with the financial inclusion strategy of the Central Bank of Nigeria (CBN. This savings promo allows us to take banking services to the nooks and crannies of Nigeria.
“It also gives us an opportunity to promote a savings culture which is critical to building up investible funds for individuals and companies and a key component of Gross Domestic Product (GDP) growth”, she added. Stating that the lender remained on course to achieve its strategic objective of becoming a tier one Bank by 2022, the MD explained that building a robust and solid saving volumes for the institution was a critical pillar to attaining the aforementioned target.
L-R: Past winner of N2million Naira, Ifeanyi Chiedozie Luke; Head, Savings Group, Fidelity Bank Plc, Janet Nnabuko; Regional Bank Head, Apapa, Fidelity Bank Plc, Jude Monye; Executive Director, South, Fidelity Bank Plc, Aku Odinkemelu; Past winner of N1million Naira, Abudu Fred Osemudiame; Executive Director, Shared Services and Products, Fidelity Bank Plc, Chijioke Ugochukwu; Executive Director, Lagos and South West, Fidelity Bank Plc, Nneka Onyeali- Ikpe; Past winner of 2million Naira, Akpamgbo Stella Ngozika Ada; Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua, at a press conference, announcing the official launch of the Fidelity Get Alert in Millions Promo Season 4 in Lagos recently.
L-R: Executive Director, Operations and Information, Gbolahan Joshua; Executive Director, South, Aku Odinkemelu; Executive Director, Shared Services and Products, Chijioke Ugochukwu; Executive Director, Lagos and South West, Nneka Onyeali- Ikpe all of Fidelity Bank at a press conference, announcing the official launch of the Fidelity Get Alert in Millions Promo Season 4 in Lagos recently.
Senate investigates banks for not remitting taxes on deposits
The Senate on Tuesday directed its Committees on Banking, Insurance and other Financial Institutions, to investigate alleged non-remittance of taxes on bank deposits and dividend payments.
The Witness learnt that the it also asked the committees to report back within four weeks.
This followed the adoption of a motion by Senator Uche Ekwunife (PDP, Anambra).
Ekwunife said: “It has been discovered that the Central Security & Clearing System, CSCS and banks in Nigeria do not remit withholding tax on bank deposits and dividends to state government as and when due.
“Most state governments are unable to pay salaries and meet their financial obligations as a result of poor and dwindling revenue.
“Billions of naira are being held by banks either in form of under remittance or non remittance of withholding revenue.”
CBN to banks: You must seek approval before sacking staff
The Central Bank of Nigeria, CBN has said banks are no longer allowed to sack more than five staff without its approval.
This was part of the communiqué released by the Bankers Committee after its meeting on Friday.
The committee, in a circular signed by Director, Financial Markets Department, CBN, Angela Sere-Ejembi, emphasized that all banks should send a sample of Contract Letter issued to outsourced staff + SLA with the company being used to run outsourced staff.
Dabiri-Erewa, others charge Africans in Diaspora to remember their roots
It stated, “Banks should note and be guided by the CBN circular in respect of laying off staff that is more than five. This requires apex bank’s notification and approval going forward.”
The Bankers’ Committee had said the mass sacking in banks would be reduced in the shortest time possible.
The committee noted that while it was working on how to reduce the level of job losses in the sector, there would always be reasons people would have to be sacked from their workplaces.
It explained that while the decision to sack bank workers had elicited a lot of sentiments from both the public and private sectors of the economy, the banks understood the implications of having to relieve workers of their jobs in view of the current economic situation in the country.
Ecobank Nigeria to host Regional Trade Forum 2020
Ecobank Nigeria is set to host its 2020 Regional Trade Forum in Lagos.
The Witness gathered that the forum taking place in March, will be a two-day event, providing the opportunity for exporters and importers within the African region to exhibit their products in a marketplace scenario with panel discussions by highly experienced and diversified stakeholders and leaders of thought in the industry.
Ecobank Nigeria is a member of the pan African banking group with unparalleled Africa wide Network Advantage across 33 countries catering for businesses and providing world class trade services to its customers. The Ecobank Group network has over 30 years been enhancing the financial integration of the continent. The Group provides solutions to facilitate trade in the various trade corridors and groupings across Africa
Announcing the Trade Forum in Lagos, Sunday Abah, Head Trade Finance of Ecobank Nigeria said Ecobank is using the forum to unveil its comprehensive trade solutions to its existing and prospective customers alike by sharing the various payment methods available to facilitate cross border trade throughout its network across Africa. According to him, Ecobank recognizes the role of exporters and importers in driving economies through trade.
“By creating a networking forum for importers and exporters via the trade exhibition slated for the first day of the forum, the Bank extends support to stakeholders in export and import businesses.
“Ecobank’s trade products and solutions are designed around two broad areas: Trade finance which enables customers benefit from adequate and well mitigated credit facilitation in the area of Import finance, export finance, bill discounting, trade loans, distributor finance, structured trade and commodity finance amongst others; also we do Trade Services, which gives our customers the advantage of speedy turnaround time and error free processing of Import Letters of Credit, Import collections, Customs bonds, Export collections and regional trade services amongst others,” he noted.
Ecobank’s unique intra-Africa trade solutions enable settlements of trade transactions and mitigation of payment risk; provide regional solutions and enable exporters obtain payment guarantees without the need for a letter of credit and its related costs to the importer. Ecobank works closely with clients in reviewing key factors regarding transactions processing, settlements, financing, and risk mitigation as well as credit enhancement. The bank boasts of a unique and large Pan-African platform that positions it to support trade at all levels. Its technology platform is designed to help unlock the opportunities of the continent through standardization across 33 countries, while fueling regional integration, trade and investment across borders.
The Ecobank Africa Trade Forum is expected to attract hundreds of guests and participants. Leaders from across Ecobank Group will also be attending to share their market specific trade knowledge and information.
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