Banking
Access Bank Retail Banking Team Flags Off 2nd Fibroid Awareness Campaign
Access Bank’s Retail Banking Team is excited to announce its 2nd Fibroid Awareness Campaign across the country as part of its pioneering CSR intervention, Project 111.
The campaign which runs all through the month of July, 2024, will kick start with a webinar aimed at creating awareness of fibroid among the female populace. And it will be spearheaded by dedicated team members of the bank’s retail group committed to seeing the success of the initiative, against all odds.
The Project 111 is a Fibroid focused initiative to treat one woman at a time, change her family, and by extension, generations to follow.
Uterine leiomyomas or fibroids are benign growths that can be extremely large and cause substantial discomfort, including bright red vaginal bleeding, constipation, bloating, and severe pelvic and low back pain that interferes with women’s daily functioning and child-bearing capability.
The initiative comes on the heels of the general lack of awareness on the part of women as highlighted in key statistics that 70-80% of women will develop fibroid at some point in their lifetime, but only 38% were aware of the available treatment. These statistics emphasize the importance of Project 111, which focuses on creating awareness and support for women who struggle with the issues around fibroid and its effects.
According to the Deputy managing Director, Retail, Chizoma Okoli, “At Access Bank, we believe that our responsibility extends beyond banking. We are dedicated to the well-being of our customers and communities. This campaign is a testament to our commitment to supporting women’s health and ensuring they have the information and resources they need to lead healthy lives.
“Project 111 was officially launched in 2022, when we provided more than 100 free fibroid surgeries in five geopolitical zones to directly touch over 4,000 lives, while creating a ripple effect of positive change with over 16,000 impacted lives.
This year, we are raising the bar of this social responsibility, targeting 100,000 women, providing 500 women with free diagnostic tests, and aiding 100 women in need of surgeries.
We have a dedicated website, https://www.accessbankplc.com/sustainable-banking/csr which provides articles on fibroids, information on partner hospitals, as well as up-to-date information for individuals about the initiative”. Okoli concluded.

Reiterating Okoli’s comments, Group Head, Consumer Banking, Njideka Esomeju said, “ As part of our kick off activities to flag off the 2nd Fibroid campaign, we will be having a free Fibroid screenings and community health talk across 20 states. We will also have a webinar to listen and address women affected with Fibroids and other related health issues.
When we launched in 2022, we had a webinar addressing women affected by fibroids and in efforts to be at the forefront of public support for women’s health in Nigeria, we began the ‘Wear White Campaign’ in July last year during the Fibroid Awareness Month. In this pilot phase, the awareness and education campaign reached 17,266 women across 33 countries, with 156 women given access to proper diagnosis, assessment, and treatment recommendations.
You need to hear from our beneficiaries on how they have benefited from the project and the effects it has impacted on their lives. So we invite everyone to join us in this month for this important campaign. Together, we can make a difference in the lives of countless women by spreading knowledge, encouraging early diagnosis, and providing much-needed support”.
Hannatu Botsha, one of the beneficiaries of the health initiative shared her testimony with newsmen during the launch. In her words,” I have come back with my mouth full of gratitude, I can’t thank this Retail team enough oo. I came across the free fibroid surgery in 2022 and was reluctant to apply because I thought it was for customers only, it took me days to make up my mind and give it a trial. I got a call from Oyindamola Oyebola (one of the staff in the dedicated team)on the 9th of February 2024 to ask if I was still interested in the surgery since she sent a mail I did not respond to. I saw that call as a sign from God because I was bleeding and having pains plus feeling movements in my abdomen. I went to the hospital got all the requirements from them and after a month the doctor called me to come for an all-expense paid surgery by Access Bank Retail team (is God not wonderful?).
Surgery was done on 29th march which is good Friday for Jesus to die on our behalf, and I came out victorious and clean after all the scary gist I heard about fibroid surgery.
I have come back with my testimony and gratitude to this wonderful team. God bless you all and may your pockets never run dry IJMN.
“It has been an exciting journey for the Access staff of the Retail Banking team,” said the Project Coordinator Adeola Rojaiye, reflecting on their recent accomplishments. “It gives us immense fulfilment to witness the positive impact we’ve made in the lives of our customers, thanks to our collective efforts and unwavering commitment. For more information on how to participate and be part of this journey please follow us @project_111_official on Instagram and YouTube and visit the Project 111 website at https://www.accessbankplc.com/sustainable-banking/csr and contact us via email at [email protected] Rojaiye concluded”.
About Project 111:
Project 111 is a CSR initiative led by Access Bank’s Retail Banking Group Team dedicated to raising awareness about fibroids and providing essential support to women across Nigeria.
Banking
Toxic Bank Assets: AMCON Repays CBN N3.6trn, Still Owes N3trn
By Modupe Gbadeyanka
About N3.6 trillion has been repaid to the Central Bank of Nigeria (CBN) by the Asset Management Corporation of Nigeria (AMCON) since its inception in 2010.
This information was revealed by the chief executive of AMCON, Mr Gbenga Alade, during a media parley to update the press on the activities of the agency.
Mr Alade said at the moment, the organisation still owes the central bank about N3 trillion for toxic assets of banks in the country.
He praised the organisation for its asset recovery drive, stressing that when compared with others across the world, Nigeria has done well.
“It is important to stress that the corporation has done tremendously well, especially when compared to other notable government-owned Asset Management Corporations around the world.
“Based on the balance at purchase, AMCON outperformed other Asset Management Corporations all over the world by achieving over 87 per cent in recoveries despite the unique challenges associated with debt recovery in Nigeria.
“The Malaysian Danaharta, which is adjudged one of the best performing Asset Management Corporation’s, only achieved 58 per cent. The Chinese Asset Management Corporation, despite its stricter laws, achieved just 33 per cent.
“Only the Korean Asset Management Corporation (KAMCO), South Korea, has achieved more recoveries than AMCON, with about 100 per cent. This was due to their brute force with which they chased the obligors.
“Despite KAMCO’s recovery records, the agency is still operational to date with slight realignments in its mandate.
“Other noted Asset Management Corporations that have transitioned into a perpetual institution of the various governments include, China Asset Management Company, Federal Deposit Insurance Corporation (FDIC) USA, and KFW Germany.
“So, gentlemen, without sounding immodest, AMCON has done well, and we will not relent until all the outstanding debts are fully realized,” Mr Alade stated.
On the financial performance of AMCON, he said last year, the firm posted a revenue of N156.25 billion and operating expenses of N29.04 billion, while for the 2025 fiscal year should be a revenue of N215.15 billion and operating expenses of N29.06 billion.
Banking
The Alternative Bank Opens Effurun Branch in Delta
By Modupe Gbadeyanka
One of the non-interest banks in Nigeria, The Alternative Bank (AltBank), has opened a new branch in Effurun, Delta State.
The new office will serve the Edo-Delta region and provide purposeful banking and real financial empowerment for individuals, entrepreneurs, and businesses, a statement from the firm stated.
The lender disclosed that the Effurun branch is a bold move in its mission to reshape banking in Nigeria.
The launch was graced by key dignitaries, including the Ovie of Uvwie Kingdom, Emmanuel Ekemejewa Sideso Abe I; the Chairman of Uvwie Local Government, Anthony O. Ofoni, represented his vice, Andrew Agagbo; and the Special Adviser to the Governor of Delta State on Community Development, Mr Ernest Airoboyi; amongst others.
The Divisional Head for South at The Alternative Bank, Mr Chukwuemeka Agada, emphasised the institution’s commitment to Warri and its surrounding communities.
“By establishing a presence here, we are initiating a transformation in the way banking serves the people of Delta. Our purpose-driven approach ensures that customers’ financial goals are not just met but exceeded,” he stated.
“This branch represents our pledge to empower Warri’s dynamic businesses and families, providing them with the tools to grow without compromise,” Mr Agada added.
“We understand the heartbeat of this community, and we are excited to integrate our bank into the fabric of this dynamic region,” he stated further.
On his part, the representative of the Ovie, Mr Samuel Eshenake, challenged the bank to facilitate development and employment within the Effurun community.
The Regional Head for Edo/Delta at The Alternative Bank, Mr Akanni Owolabi, embraced this challenge, pledging that the bank will work sustainably to drive local commerce.
“At The Alternative Bank, we are committed to being an active partner in the development of Effurun. We see this branch as a catalyst for creating opportunities, driving employment, and supporting the growth of local businesses.
“Our mission is to empower this community, ensuring that every step forward is one of progress, prosperity, and shared success.”
Banking
Payattitude, PAPSSCARD to Co-brand Payment Card
By Aduragbemi Omiyale
A partnership aimed to enable seamless, real-time and secure transactions for cardholders across Africa and the rest of the world has been entered into by Payattitude and PAPSSCARD, the card scheme initiative of the Pan-African Payment & Settlement System (PAPSS).
The collaboration will allow Payattitude cards issued by banks and other deposit-taking institutions to be co-branded with PAPSSCARD, Discover, Diners and Pulse for acceptance across their networks in Nigeria, Africa and worldwide.
As an initiative of the African Export-Import Bank (Afreximbank) and a key financial infrastructure supporting the African Continental Free Trade Area (AfCFTA), the PAPSSCARD scheme will facilitate instant cross-border payments in local currencies.
“This partnership reflects our commitment to cross-enterprise alliances and enabling inclusive, efficient, and borderless payments across Africa and the world
“With Payattitude, Nigerian cardholders and financial institutions can now enjoy the benefits of a Nigerian card that can be used worldwide,” a director at Payattitude, Dr Agada Apochi, said.
The acting chief executive of PAPSSCARD, Mr John Bosco Sebabi, said the aim is “to connect African payment ecosystems, reduce the cost and inefficiencies of cross-border payments, and strengthen African sovereignty over payments infrastructure.
“Collaborating with Payattitude, a key innovator in Nigeria’s payment space, represents a significant step towards a more unified African payment landscape.”
The chief executive of PAPSS, Mr Mike Ogbalu, said, “By bringing together PAPSSCARD’s robust cross-border payment capabilities with Payattitude’s leadership in the Nigerian digital payments, we are taking tangible steps toward building a single African market where individuals and businesses can transact easily and securely, both within and beyond Africa.”
Payattitude is the first-in-kind Nigerian Payment Scheme to pioneer multibank App and USSD Code *569#.
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