Banking
Access Bank Earmarks N1bn for Loyal Customers in Access Winfest Campaign
By Modupe Gbadeyanka
Access Bank has said up to N1 billion in cash and items have been kept aside to reward its loyal customers in the Access Winfest campaign designed to promote a savings culture and efficient banking among Nigerians using alternative channels.
In a statement made available to Business Post, the financial institution disclosed that all the customers need to do is to fund, transact, maintain, and increase their deposits from October 2022 to November 2023.
“To get on board the winning train, simply increase the balance on your account, carry out transactions using our USSD code *901# and the accessMore app to pay bills, send money to loved ones, buy airtime, and make international money transfers, among other things,” the Deputy Managing Director, Retail, North, Access Bank, Mr Victor Etuokwu, said.
Speaking further, he said, “We have a total reward of N1 billion for you, our customers, whether you are a student, a business owner, a salary earner or an entrepreneur.
“Many lucky customers will receive cash rewards from the bank ranging from N5,000 to N5 million; airtime rewards; grocery baskets; Salary4Life; rent for a year; business grants; educational support; and many other types of rewards.”
“Over the past two decades, Access Bank has continued to grow in every dimension, particularly its customer base, due to customers like you whose patronage, advocacy, and loyalty have remained unparalleled.
“At Access Bank, we care most about how happy our customers are, and we hope to find more chances like this one to make their lives and the lives of many other Nigerians better,” Mr Etuokwu noted.
Recall that recently, a Senior Retail Advisor at Access Bank, Mr Rob Giles, told the media at the campaign’s launch in Lagos that the idea behind it is to keep the bank’s promise to reward customers for their loyalty and continued business.
He also emphasised that it is simple to participate in the Fund and Win campaign and be eligible to win cash prizes by saving up to a minimum of N25,000 or more every month in savings or business accounts to earn a chance that qualifies a chance to win N5 million.
“You can also be one of the 1,000 lucky winners of N5,000 monthly. For every N25,000 you save, you get a ticket for the Mega draw and increase your chances of winning the grand prize in the Fund and Win campaign,” he said.
Mr Giles’ words were echoed by the Group Head of Consumer Banking at Access Bank, Ms Adaeze Umeh, who stated that the rewards campaign is just one of the many ways the bank adds value and meets the needs of its most loyal customers.
She also mentioned that Diamond Business Advantage (DBA) customers with outstanding monthly fees are not left out as they can fund with the equivalent of their accrued fees to enjoy a 100 per cent waiver and stand a chance to be among the lucky 1,000 customers to win N5,000 in the monthly draw and qualify to win N5 million.
By Adedapo Adesanya
The Fintech Association of Nigeria has backed the recent slew of regulatory measures by the Central Bank of Nigeria (CBN), saying it will strengthen banking security, curb fraud and boost trust.
Mr Oluwaseun Adesanya, National Treasurer of the association, in an interview with the News Agency of Nigeria (NAN) in Lagos over the weekend, said the policies, including restricting banking applications to a single device, were designed to safeguard the financial ecosystem.
He said the regulator introduced the measures to improve security, protect customers and strengthen confidence in digital banking platforms.
Mr Adesanya, speaking on the sidelines of an induction and award ceremony organised by the Chartered Institute of Bankers of Nigeria (CIBN), said improved security will enhance convenience for customers and reinforce trust in financial institutions.
Mr Adesanya added the reforms would also help banks reduce losses from non-performing loans by strengthening credit facility frameworks.
“This will bring more sanity into the financial system and help banks avoid making provisions for loans that are no longer performing,” he said.
He noted that the regulatory initiatives were aimed at creating a safer environment for stakeholders across the financial services industry.
Last week, the CBN made some fresh regulatory moves aimed at strengthening the Nigerian banking ecosystem, including the announcement of new baseline standards requiring financial institutions to deploy automated anti-money laundering (AML) systems.
The new framework sets minimum standards for automated anti-money laundering solutions designed to strengthen the detection and reporting of financial crimes within Nigeria’s rapidly digitising financial ecosystem.
The CBN explained that the guidelines establish a baseline structure for financial institutions to deploy advanced monitoring tools capable of flagging suspicious financial activities instantly.
Also, it directed Nigerian banks to flag suspected fraud Bank Verification Numbers (BVNs) after a 24-hour watchlist from May 1, as well as updates on phone numbers linked to a BVN shall be allowed only once in a lifetime.
By Adedapo Adesanya
NOVA Bank Limited has announced the appointment of Jude Anele as its chief executive, following the approval of the Central Bank of Nigeria (CBN).
The appointment comes at a pivotal moment in the bank’s evolution, following its transition from merchant banking to commercial banking and the successful completion of its recapitalisation programme ahead of the March 31, 2026, regulatory deadline.
Mr Anele, according to a statement over the weekend, brings more than 33 years of banking experience across West and Central Africa, with deep expertise in retail/commercial banking, corporate banking, risk management, institutional transformation and executive leadership.
Over the course of his career, he has led complex banking operations, strengthened governance frameworks, delivered sustainable revenue growth and built high-performance teams.
The appointment reflects the board’s strategic commitment to consolidating NOVA Bank’s commercial banking platform while accelerating growth across its Corporate, Commercial and Retail segments, as well as priority markets.
Speaking on his appointment, Mr Anele said he was honoured to assume leadership of the Bank at a defining stage of its growth. “Nova Bank has built a strong institutional foundation defined by regulatory compliance, capital strength, disciplined governance and a clear commercial mandate.
“Our focus now is execution — deepening customer relationships, expanding responsibly across priority markets, strengthening risk discipline and delivering sustainable value to our shareholders,” he said.
On his part, the Bank’s Chairman, Mr Phillips Oduoza, also expressed confidence in the new leadership.
“The board is pleased to welcome Mr Jude Anele as Managing Director and Chief Executive Officer. His depth of experience, strategic clarity and proven leadership record align strongly with NOVA Bank’s growth ambitions,” Mr Oduoza said.
He added that with recapitalisation completed ahead of the regulatory timeline, the Bank is entering a new phase defined by scale, stability and structured expansion.
NOVA Bank also confirmed that it had met the recapitalisation requirements set by the CBN ahead of the regulatory deadline, reinforcing its capital adequacy and long-term financial stability.
The capital raise, supported by new and existing shareholders, further strengthens the Bank’s balance sheet and positions it for disciplined growth.
NOVA Bank currently maintains operations in Lagos, Abuja, Owerri and Port Harcourt, with plans to open eight additional branches across key commercial hubs in 2026 as part of its expansion strategy.
By Aduragbemi Omiyale
Nigerian lender, Zenith Bank Plc, is expanding its footprint in the United Kingdom, with the opening of a new branch in Manchester.
The launching of this branch is on Tuesday, March 17, 2026, with government officials from Nigeria and the United Kingdom, regulators, investors, customers, and business leaders from both countries expected to grace the occasion.
A statement from the bank said the new Manchester branch would complement Zenith Bank’s existing operations in the UK and serve as a strategic hub for supporting businesses engaged in international trade and investment.
Through the branch, the bank will provide corporate banking, trade finance, treasury and related financial services to clients operating across the United Kingdom, Europe and Africa.
Manchester, widely regarded as one of the United Kingdom’s most vibrant economic centres, hosts a diverse base of businesses across sectors such as manufacturing, engineering, logistics, technology and consumer goods.
The city’s strong commercial ecosystem and international outlook align closely with Zenith Bank’s expertise in corporate banking, structured finance and trade finance.
The Manchester branch will work closely with the company’s London operations and its broader international network to support clients seeking to expand across markets and unlock new opportunities in both the United Kingdom and Africa.
“The opening of our Manchester branch represents another important step in Zenith Bank’s growth as a leading African financial institution connecting businesses and markets across continents.
“Manchester is one of the United Kingdom’s most dynamic commercial centres, and our presence here will further strengthen financial connections between businesses in the UK and opportunities across Africa’s rapidly expanding markets,” the chief executive of Zenith Bank, Ms Adaora Umeoji, said.
Founded in 1990 by Mr Jim Ovia, Zenith Bank has grown into one of Africa’s most respected banking institutions, boasting a robust capital base and a remarkable history of year-on-year profitability.
Built on a strong foundation of people, technology and service, the lender has consistently delivered innovative financial solutions while maintaining a disciplined approach to growth and risk management.
Its impressive performance has consistently earned it excellent ratings, recognition and endorsement from local and international agencies and institutions.
Headquartered in Lagos, Nigeria, Zenith Bank operates over 500 branches and business offices across the 36 States of the Federation and the Federal Capital Territory (FCT).
The bank currently operates subsidiaries in several African countries, including Ghana, Sierra Leone, Gambia, and Cote d’Ivoire, while maintaining a presence in major international financial centres, including the United Kingdom, France, the UAE and China.
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