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 cs**********************@***********lc.com 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.
By Adedapo Adesanya
The Asset Management Corporation of Nigeria (AMCON) recovered about N165 billion from bank debtors in the first half of 2026, representing a 64 per cent increase from the N107 billion recovered during the corresponding period of 2025.
The chief executive of AMCON, Mr Gbenga Alade, disclosed this during an interactive session with senior media executives in Lagos over the weekend.
He said the corporation also maintained a cost-to-recovery ratio of 2.3 per cent, describing it as evidence of the efficiency of its debt recovery operations.
As part of its broader asset recovery strategy, Mr Alade announced that AMCON has commenced the process of divesting its interest in telecommunications company, NTEL, which it rescued in 2024 after the company encountered severe financial difficulties.
He explained that the planned divestment follows the successful sale of the Ibadan Electricity Distribution Company (IBEDC) and aligns with AMCON’s strategy of maximising value from distressed assets while attracting credible strategic investors into the telecommunications business.
According to him, NTEL has already begun implementing a three-pronged transformation strategy designed to reposition the company as an attractive investment destination for global investors.
Mr Alade described the restructuring as one of AMCON’s most promising asset recovery initiatives and expressed confidence that it would become a major success story in Nigeria’s telecommunications sector.
“The repositioning effort is designed to maximise value, strengthen operational competitiveness and prepare the business for long-term sustainability under new investment,” Mr Alade said.
He also reaffirmed the corporation’s confidence in the leadership of NTEL/NATCOM.
“We have full confidence in the board and management of NTEL/NATCOM as they continue to demonstrate experience, innovation, diligence and commitment towards positioning this Nigerian-owned company to compete favourably with its peers both locally and internationally,” he said.
Mr Alade added that AMCON would continue to provide updates on the divestment process as key milestones are achieved, reiterating the Corporation’s commitment to transparency.
The AMCON chief also announced that the corporation recently secured what he described as a landmark Supreme Court judgment that significantly strengthens its debt recovery powers
According to him, the apex court affirmed that the AMCON Act constitutes a special legal regime that should be interpreted purposively because the Corporation was established to address the financial crisis that arose from the banking sector challenges of 2008.
He said the judgment also confirmed that AMCON is exempt from paying stamp duties and possesses the statutory authority to dispose of collateral assets to recover outstanding debts, irrespective of the size of an obligor’s indebtedness.
“While we celebrate this landmark judgment and several other legal successes, we are not resting on our oars. We remain mindful of the various tactics employed by recalcitrant obligors to frustrate the corporation’s operations,” Mr Alade said.
Mr Alade also alleged that many of those advocating the winding down of AMCON are debtors attempting to frustrate its recovery efforts.
He maintained that decisions regarding AMCON’s sunset remain the responsibility of its Board and the Central Bank of Nigeria (CBN), stressing that the corporation remains focused on recovering outstanding debts on behalf of Nigerians.
Mr Alade further disclosed that AMCON has strengthened collaboration with debt recovery agents, solicitors and receiver managers through regular engagements and has reviewed the commission structure for its recovery partners in response to prevailing economic conditions.
NTEL, which emerged from the assets of the defunct Nigerian Telecommunications Limited (NITEL) after NATCOM acquired the company in 2015, has faced persistent financial and operational challenges over the years.
AMCON, which assumed full management control of the telecom operator in 2024, currently holds a 55 per cent controlling stake in the company. As part of its turnaround strategy, the Corporation reportedly injected N30.72 billion into NTEL in August 2025 to restore operational stability and position the company for long-term growth.
By Modupe Gbadeyanka
A business storytelling podcast designed to inspire, educate and empower entrepreneurs, founders, business leaders and the next generation of African innovators has been launched by Ecobank Nigeria.
Known as Scaling Up!!!, this platform will be used to propagate authentic conversations with some of the continent’s most accomplished business personalities, reinforcing the lender’s commitment to supporting businesses beyond banking by creating a platform where entrepreneurs can learn from the experiences of successful founders, creatives and industry leaders who have built thriving enterprises across diverse sectors.
The podcast will be available on Ecobank Nigeria’s official YouTube channel and other major digital streaming platforms. It will feature compelling conversations on entrepreneurship, leadership, innovation, resilience and business growth.
Scaling Up!!! offers practical lessons and real-life insights that aspiring and established entrepreneurs can apply in building sustainable businesses.
The inaugural season features an impressive lineup of distinguished guests, including beauty entrepreneur and chief executive of Beauty by AD, Adeola Adeyemi (Diiadem); renowned filmmaker and founder of Golden Effects Pictures, Kunle Afolayan; veteran music producer and founder of Coded Tunes, ID Cabasa; luxury fashion entrepreneur, Ejiro Amos Tafiri; celebrated commercial photographer, Emmanuel Oyeleke; co-founder and Lead Interior Designer of Siriano Limited, Adewunmi Adegbola; and founder of Windsor Gallery and Nahous Creative Hub, Richard Vedelago.
Each episode explores the guests’ entrepreneurial journeys, highlighting the opportunities they embraced, the challenges they overcame and the strategies that enabled them to build enduring brands and successful businesses.
“Scaling Up!!! reflects Ecobank’s belief that empowering entrepreneurs goes beyond providing financial solutions. Through authentic storytelling and insightful conversations, we are creating a platform where business owners can learn directly from people who have successfully navigated the realities of building sustainable enterprises.
“It is another way we are reinforcing our commitment to driving entrepreneurship, innovation and economic growth across Africa,” Head of Marketing and Corporate Communications at Ecobank Nigeria, Mr Austen Osokpor, stated.
Also speaking, the Head of SMEs, Partnerships and Collaborations at Ecobank Nigeria, Omoboye Odu, said, “Entrepreneurs learn best from the experiences of those who have walked the journey before them. Scaling Up!!! provides practical insights, inspiration and valuable lessons that will help founders make better business decisions, overcome challenges and unlock new opportunities for growth. The podcast further strengthens Ecobank’s role as a trusted partner supporting SMEs at every stage of their entrepreneurial journey.”
Sharing the creative vision behind the initiative, the Producer of Scaling Up !!!, Jemimah Ugiagbe said, “Our goal was to create more than just another business podcast. We wanted honest, engaging and relatable conversations that reveal the realities behind success, the setbacks, the resilience, the bold decisions, and the lessons that every entrepreneur can learn from. Every episode is designed to leave listeners informed, inspired and motivated to build businesses that create lasting impact.”
The podcast further strengthens Ecobank Nigeria’s position as a trusted partner for entrepreneurs by providing a knowledge-sharing platform that extends beyond traditional banking services. Through meaningful conversations with accomplished founders and innovators, the Bank continues to demonstrate its commitment to fostering enterprise development, encouraging innovation and promoting sustainable economic growth across Africa.
Scaling Up!!! is targeted at SMEs, entrepreneurs, founders, startups, business executives, creatives, students and young professionals seeking practical business insights from some of Africa’s most respected industry leaders.
New episodes will be released regularly across Ecobank Nigeria’s YouTube channel and other major podcast streaming platforms, offering audiences thought-provoking conversations on entrepreneurship, leadership, innovation and business growth.
By Aduragbemi Omiyale
More than $700 million was disbursed in loans to Micro, Small, and Medium-sized Enterprises (MSMEs) in 2025 by Moniepoint, the financial technology (fintech) firm said in its inaugural Impact Report titled Creating Financial Happiness.
The report also revealed that for three out of four borrowers, a loan from Moniepoint was the first formal business credit their enterprise had ever accessed because of the strategies deployed by the organisation to make financing more accessible to small business owners.
“Ten years ago, we began this journey with a simple but audacious goal — to build financial infrastructure that worked for everyone. Today, that goal has crystallised into our mission of creating a world where every African, everywhere, can experience financial happiness.
“This report shows how that vision is taking shape, through the lives and businesses that are improving because they now have access to the right financial tools.
“For 75 per cent of the businesses we lent to this year, ours was the first formal business loan they had ever received. We also significantly expanded lending to women-owned businesses because we know that when African women thrive, entire communities are uplifted,” the chief executive of Moniepoint Incorporated, Mr Tosin Eniolorunda, stated.
The report showed that Moniepoint now serves over 20 million businesses and individuals, processing over $250 billion in transaction value annually.
It also highlights the impact of expanded access to credit, banking, and business management tools for MSMEs in Nigeria, which face a funding gap of approximately $32.2 billion.
In addition, businesses that received credit recorded a 36 per cent increase in average transaction value, while enterprises banking with Moniepoint employed more than 8 million people in 2025.
Beyond access to credit, Moniepoint’s payments infrastructure is extending financial access to underserved communities, as customers without smartphones or reliable internet can use the company’s USSD service, which turns a basic feature phone into a banking tool.
It was observed that people without smartphones carried out over $170 million in transactions by dialling a simple code.
Across the country, Moniepoint’s POS terminals operate in all 774 local government areas and enable payments for 100 million people in 2025. These gains are showing up in how people experience their financial lives.
In surveys of Moniepoint users, 83 per cent reported that their quality of life has improved, and 85 per cent reported increased confidence in achieving their financial goals.
Beyond its commercial operations, the report also highlights Moniepoint’s broader contribution to economic and social development through investments in talent, education, entrepreneurship and community development.
Guided by the UN Sustainable Development Goals, the financial giant has expanded employment pathways through initiatives such as Women in Tech and DreamDevs engineering programmes, while supporting STEM education, financial literacy, women entrepreneurs and underserved children, collectively reaching tens of thousands of beneficiaries.
Through strategic delivery partnerships, Moniepoint has also supported large-scale government intervention programmes, enabling subsidised food distribution to more than 800,000 people in northern Nigeria.
