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Fidelity Bank launches new Savings campaign, unveils a Novel Account opening initiative

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Nigerian lender, Fidelity Bank Plc on Monday unveiled a novel account opening initiative, just as it launched a new savings promotion campaign aimed at rewarding new and existing customers of the bank. The new account opening initiative, the first of its kind in the Nigerian banking industry, enables members of the public to open online savings accounts through a Quick Response (QR) code which can be scanned from any of the promotional materials such as roll up banners, fliers, posters and newspaper adverts.

This is expected to significantly ease the process of enrollment of new accounts and deepen the penetration of the new savings promo tagged; Get Alert in Millions Season 3 explained Executive Director, Shared Services and Products, Fidelity Bank, Mrs. Chijioke Ugochukwu, during the launch ceremony at the bank’s corporate Head Office in Lagos Monday. “This new savings promo is the 8th in 11 years. As with the previous ones, we are motivated to continue to empower our customers by rewarding them with cash and gift items, whilst at the same time promoting the savings culture, in line with the financial inclusion drive of the Central Bank of Nigeria (CBN)” said Mrs. Ugochukwu, who doubles as the Chairperson of the Promo Committee. 

Speaking shortly before formally flagging off the promo, Fidelity Bank CEO, Mr. Nnamdi Okonkwo thanked customers, stating that the bank is motivated to continue to incentivize them for their patronage. He said it was imperative to acknowledge the contributions of customers to the growing fortunes of the bank. “Last week, we joined other institutions across the world to observe the 2018 Customer Service Week and I want to use this opportunity to again thank all our customers. Our impressive half year results attest to your support and with your continued patronage, we are on course to delivering on our financial targets for the year” he said.

As a customer-centric bank, Mr. Okonkwo said Fidelity Bank would continue to leverage technology, in line with its digital retail strategy, to better serve customers, through innovative products, services and solutions. He reeled our some of the products to include the newly upgraded Fidelity Online Banking, *770# Instant Banking and Flashkey.“Our online banking solution enables you to transfer foreign exchange seamlessly just as we are the first bank to introduce a chat banking solution that is known as Flashkey. This solution enables you to effect monetary transfers whilst on any social media platform, without recourse to the online banking platform installed on your mobile device” he stated. 

GAIM Season 3, as the new savings promo is called, is expected to run for 9 months till June 2019. The bank, within this period will give out over N120 million in cash and consolation prizes, including weekly airtime rewards. 

To participate, Head, Retail Banking, Fidelity Bank, Mr. Richard Madiebo said “customers can open a savings account and grow it to N20, 000 or top up an existing account with N10, 000 or more to qualify for the monthly draws to win N1million or N2 million. To qualify for the star prize of N3m, he explained that customers are expected to grow their account balances by N50, 000 monthly whilst accounts that maintain a minimum of N200,000 qualify for the grand prize of a whooping N10 million. “As a bank with branches across the country, the draws ceremonies will be done to ensure that everybody, irrespective of where their accounts are domiciled, stand equal chances of winning” he explained. There will be a total of six draws to produce 77 cash and 108 consolation prize winners over the duration of the exercise.

The launch ceremony had in attendance the press, regulatory bodies and some winners from previous savings promotion campaigns. Alhaji GaffarAbdullateef; a previous winner thanked Fidelity Bank for the N3m he won in the last promo, saying that it “significantly gave boost to his business”.  Assistant Director, National Lotteries Regulatory Commission, Joy Okuna, praised Fidelity Bank for the transparency displayed in the last promos.  “As regulators, our duty is to ensure that promos are conducted transparently and I must attest to the high degree of transparency that we see with all Fidelity Bank savings campaigns and we expect no less from this” she stated.

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Union Bank, MamaMoni set up innovation hub for low income women

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Coordinator, Mandela Washington Fellowship, Austin Emeanua; Head, Corporate Communications and Marketing, Union Bank, Ogochukwu Ekezie-Ekaidem; Founder, Mamamoni Empowerment Foundation (MEF), Nkem Okocha and Trustee, MEF, Okhai Olaghere, during the launch of the Mamamoni Innovation Hub sponsored by Union Bank, in Lagos recently

As part of its commitment to boost women empowerment, talent development, and financial inclusion, Union Bank recently partnered with MamaMoni Empowerment Foundation to set up an Innovation Hub for low-income women and girls from urban slum communities. The hub, which is located in Amuwo-Odofin area of Lagos State, was formally opened on the 21st of May, 2019.

The vocational training program has been established to enable the girls and women to build sustainable means of living. It is anticipated that each year, over 400 underprivileged beneficiaries will receive training in vocational skills such as hairdressing, make up, fashion designing, mobile farming and furniture making. Other courses to be offered at the hub include financial literacy, coding and personal branding.

Speaking at the launch of the innovation centre, Ogochukwu Ekezie-Ekaidem, Head of Corporate Communications and Marketing at Union Bank, applauded the efforts of the MamaMoni team in improving the outcomes of women in underserved communities through micro loans and empowerment schemes. She said;

“Union Bank is proud to have been a principal partner of the MamaMoni Foundation over the years. We identified this initiative as one that will help amplify our efforts to support women and drive financial inclusion. It is our hope that this innovation centre will go a long way in improving the lives of women from low-income communities and their families as they strive for a better future.”

In 2016, Nkem Okocha, founder of the MamaMoni Foundation emerged a winner in the LEAP Africa Social Innovators Programme (SIP) sponsored by Union Bank, receiving a grant of N1,000,000 to expand the MamaMoni operations. Since then, the Foundation has impacted over 6,000 women by providing them with micro loans and basic vocational and financial literacy skills.

Union Bank is committed to enabling the success of the average Nigerian and continues to champion the cause for the women empowerment. Earlier this year, the Bank launched its women’s proposition, tagged αlpher, a platform to empower women across all segments of the Nigerian society through capacity building opportunities, networking platforms, scholarships and tailored financial services. Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.

In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.

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Leaders Emphasis importance of history to African Devt at UBA’s Africa Conversations

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l-r Chairman of Ghana’s Convention People’s Party, and daughter of Mr. Kwame Nkrumah, Ms Samia Nkrumah; Nobel Laureate, Professor Wole Soyinka; Group Chairman, UBA Plc, Mr. Tony Elumelu; Guinean Historian and playwright, Professor, Djibril Tamsir Niane; Afro musician, Mr. Femi Kuti; and Legal Practitioner and Moderator, Ms. Ayo Obe, during the panel discussion themed ‘Africa’s History Redefined, our past, the path to the future,’ organised by UBA to mark Africa’s Day in Lagos on Wednesday

African leading minds have called on Africans to be mindful of their rich history, which according to them creates the path towards the socio-cultural, economic and political development of the continent

The strong African voices which included Group Chairman, United Bank for Africa (UBA), Tony Elumelu, Nobel Laureate, Wole Soyinka; Professor emeritus and authority in Sahelian history, Djibril Tamsir Niane; Ghanaian Politician, Samia Nkrumah and Famous Musician, Femi Kuti spoke during the first edition of UBA’s Africa Conversations, a symposium organised by the United Bank for Africa (UBA) Plc at the UBA House in Lagos, as part of activities marking this year’s Africa Day celebrations. The theme of the panel session was “Africa’s History Redefined, Our Past, the Path to the Future”.

Opening the conversation, the Group Chairman, UBA, Tony Elumelu stated ‘UBA understands the past- that Africa as a continent has always been united by the struggle for identity. UBA is a symbol for the development of Africa, for the economic empowerment of our people, the Small and Medium Enterprises as well as the big corporations. Thus, identifying with Africa and indeed Africa Day is synonymous with who we are as a bank. It presents us the opportunity to remind ourselves, the world and indeed Africa that we owe ourselves the duty of making Africa the continent of our dreams.”

Elumelu added that it is important for Africans to remember history as this will help prepare for the future. ‘Our past provides a veritable tool to fashioning the continent’s development, renaissance and economic growth’ he emphasised.

Speaking strongly on the issue, professor Wole Soyinka, who commended UBA’s initiative for opening up discussions on these pressing topics decried the growing erosion of history from the curriculum in African schools, adding that the lack of knowledge of our past makes children’s growth on the continent truncated. “How can we cope with the modern phenomenon if we do not know the past? We should never forget the importance of history as it is not just an academic exercise,” he enthused.

Corroborating Soyinka’s position, Professor Niane opined that reminiscing about Africa’s rich history is important as there is no people without history. He said, “A lot of work has been done by Africans and we have to be happy about it. There is the need to continue the conversation about African unity. Policies have been put in place and our democracy can only get stronger. Peace will reign and Africa will be reunited. Economic transformation is also important but it is not the only thing we should concentrate on.”

Samia Nkrumah, the daughter of Kwame Nkrumah of Ghana, who commended UBA for prioritising African entrepreneurship, called for a renewed attempt at African unity, which according to her, has to be a collective effort of the people.

Nkrumah said, “As we work in our individual smaller countries, it will be easier to achieve more if we work together and complete unification can only come if we work together; we won’t go anywhere unless we use unity as a political project.’ She added.

On his part, Femi Kuti emphasised the importance of History, saying “Our children need to learn this history so that they can come up and build the continent. We need everyone – both boys and girls to work towards this vision.”

The UBA Conversations, an initiative of the Pan African financial institution, aims at aggregating discussions necessary for the growth and development of the continent. It is being held as part of the activities to mark the 2019 edition of Africa Day celebrations by the bank.

With presence in 20 African countries as well as in the United States, France and The United Kingdom, UBA’s passion for Africa’s growth is part of who they are.

The bank is set to continue conversations around these important topics that are required to galvanise the African economy with the aim of attracting the much needed support that will boost SMEs and support business growth on the continent.

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Fidelity Bank CEO, other executives visit incoming Lagos Gov. Sanwo-Olu

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Incoming Governor of Lagos State, Mr. Babajide Sanwo – Olu receiving the Fidelity Bank delegation led by the MD/CEO, Mr. Nnamdi Okonkwo when Fidelity Bank officials paid a courtesy visit to the Governor. From left: Branch Leader, Ikeja 1 Strategic Business Unit (SBU), Charles Nwadike; Executive Director, Lagos and South West, Mrs. Nneka Onyeali-Ikpe; Governor Sanwo – Olu, MD/CEO, Fidelity Bank, Nnamdi Okonkwo; Team Lead, Corporate Banking, Omobolaji Odubanjo and Regional Bank Head, Ikeja, Ken Opara … Tuesday

Fidelity Bank Team led by the MD/CEO, Nnamdi Okonkwo paid a courtesy visit to the incoming Governor of Lagos State, His Excellency, Babajide Sanwo – Olu.

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