Fidelity Bank to Support Traders Affected by Abule Ado Explosion

Traders affected by the Sunday morning explosion in the Abule Ado area of Lagos State have been assured of “some token contributions” by Fidelity Bank Plc.

Managing Director/Chief Executive Officer of Fidelity Bank, Mr Nnamdi Okonkwo, made this pledge on Monday when he and other executive management staff of the lender visited scene of the unfortunate incident.

Mr Okonkwo, who commiserated with traders and others victims of the tragic explosion, prayed for the repose of the souls of those who died in the explosion.

He said the promised support would be given to members of traders’ associations whose shops and properties were destroyed during the explosion. This include members of the Balogun Business Association (BBA), Auto Spare Parts and Machinery Dealers Association (ASPAMDA) and Association of Progressive Traders (APT).

“We thought to come this morning to commiserate with you and see first-hand the damages caused by effects of the explosions,” said Mr Okonkwo.

Responding, the market leaders thanked the bank for the gesture, describing Fidelity Bank as a true supporter and the most responsive of all financial institutions in the market.

“Fidelity is not the only bank in this market. Coming here barely 24 hours after this incidence and offering financial support in addition, is quite commendable. We are still evaluating the extent of damages and the number of our members affected,” President BBA, Mr Anthony Obih, said.

“You have indeed demonstrated to us that we are indeed partners. We will reciprocate this kindness and will continue to do everything within our powers to support the bank,” President ASPAMDA, Mr Daniel Oforkansi, stated.

On his part, President of APT Market Association, Mr Eric Ilechukwu, called on other corporate entities to emulate Fidelity Bank, saying, “It is people and organizations like you that we want. If others are like you, things will be better for it.”

Several residential and commercial buildings as well as cars were destroyed in the explosion that rocked Abule Ado to its core.

The resulting fire, from the explosion, later spread to the Nigerian National Petroleum Corporation (NNPC) oil pipeline passing through the area, although the pipeline was shut down as a precautionary measure.

The explosion caused widespread panic among Lagos residents after it shook many houses in Ijegun, Festac Town and other communities outside Amuwo Odofin.