By Aduragbemi Omiyale
A campaign aimed to support customers with products and services that meet their lifestyle needs has been launched by Stanbic IBTC.
The initiative known as the 21 Days of Christmas Campaign was introduced by the member of Standard Bank Group in the spirit of this year’s Yuletide.
The promotion encourages customers to spread cheer this holiday season, while also reminding them of the wide range of Stanbic IBTC products designed to ease everyday living.
Ranging from the ability to receive payments seamlessly without getting charged when using C’Gate, to being able to gift someone a mutual fund, to getting extra cash needed for the year-end celebrations using a personal credit card loan, customers can enjoy seamless financial solutions from Stanbic IBTC this holiday season.
Understanding the importance of having cash on hand to cater to self, family and loved ones this season, the financial organisation is reminding customers to take advantage of its EZ Cash product which provides instant loans that can be paid up over 12 months at a meagre 2.5 per cent interest.
In addition, customers can access up to 50 per cent of their next salary in the form of salary advance, in order to meet urgent financial demands ahead of the festivities. Besides loans, the institution is also making cash more accessible by enabling ATM withdrawals without the use of a debit card using a simple paycode feature.
Not leaving out business owners, Stanbic IBTC has also provided an overdraft offer for entrepreneurial clients to stock up their stores or buy goods needed to meet their customers’ demands this season.
In the spirit of giving, Stanbic IBTC is encouraging customers to gift mutual funds that can help loved ones achieve their financial goals over the short, medium and long term. With as little as N5000, customers can buy mutual fund gifts for others, and those who spread the most cheer, stand a chance of getting rewarded with mutual funds.
Still on giving, customers can get between 5 to 10 per cent discounts when they shop with their Stanbic IBTC Mastercard or Stanbic IBTC Verve debit cards at various malls and outlets such as Hubmart, Pricepally, Chicken Republic, Konga, Kwik Delivery and Kwik Bites. Not to forget the @Ease Slash, which offers a reduction in bank charges on @Ease wallet to a flat rate of N10 from the regular bank charge for transactions.
To ensure that customers enjoy ease on all transactions, Stanbic IBTC’s mobile App and online channels will remain accessible for scheduled payments and instant transactions even on public holidays.
Speaking on the rationale behind these yuletide offers, Mr Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, stated that the 21 Days of Christmas campaign reflects what the season is about, which is to appreciate the organisation’s esteemed clients and support their financial lifestyle needs.
According to him, “We are happy to express love to our customers and appreciate them for standing strong throughout the year.”
Mr Dele Sotubo, Chief Executive, Stanbic IBTC Asset Management, also enjoined customers to invest in the New Year early by looking after themselves and celebrating loved ones.
“The journey to a prosperous new year begins today. You can take the first step towards maximising your income while spreading love and cheer this yuletide as we express our gratitude for pushing through a most peculiar year,” he said.
CIBN to Revamp Banking Practice in Nigeria With A-TEAM Initiative
By Aduragbemi Omiyale
A strategic initiative aimed to revamp banking practice in Nigeria has been introduced by the Chartered Institute of Bankers of Nigeria (CIBN).
The new plan with the acronym A-TEAM means Accelerated Development; Technology and Digital Enhancement; Engagement for Growth; Accountability and Transparent Leadership and Membership Drive for Value.
As part of efforts for its successful implementation, the CIBN is seeking collaborations with financial institutions in the country.
Recently, the President/Chairman of Council, CIBN, Mr Bayo Olugbemi, visited Ecobank Nigeria and he said the A-TEAM initiative will benefit stakeholders in the banking sector.
He applauded Ecobank’s consistent support for the institute over the years to ensure the realisation of its mandate of determining the standards of knowledge and skills development for those seeking to become members of the banking profession.
“We applaud Ecobank Academy as the first corporate member to become a member of the Global Business School Network and for the consistent support for the realisation of the institute’s mandate of determining the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession.
“We, therefore, seek Ecobank’s collaboration and enlistment in our Endowment/Prize Awards in any subject of interest; support towards the renovation of Abuja Bankers’ House; support for the establishment of banking museum by donating artefacts and other relevant materials; and to participate actively in training programmes of the institute,” Mr Olugbemi said.
Further, he congratulated Ecobank Nigeria and the Ecobank Group on winning several International awards, which includes the Best Retail Bank in Nigeria by Asian Banker; Africa’s Best Bank for Corporate Responsibility by Euromoney (Ecobank Group); African Bank of the Year (African Banker); Innovation in Financial Services Award from African Banker (Ecobank Group); EMEA Finance African Banking Awards 2020.
Responding, the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, pledged more support and collaboration with the institute, restating that Ecobank will continue to contribute to the efforts of the organisation to become top class and remain relevant globally.
“For us at Ecobank, we are extremely proud CIBNs efforts at ensuring public discourse on the future of the Nigeria economy and the banking and finance industry.
“This is not in isolation of the ethics, professionalism, accountability, transparency, good corporate governance without losing focus of harnessing the opportunities technology has provided in the new world order. Be assured of our maximum support and collaboration at all times,” he said.
Mr Akinwuntan also identified with the efforts of the institute to raise the bar of competency and capacity building in the industry, stressing that with sound professional conduct, every banker will be held in high esteem.
He said Ecobank was working assiduously to ensure a majority of its staff become members of the institute, adding that the bank will also provide more mentees and mentors in its mentorship programme.
“We have a medium to long term programme to ensure all Ecobank Nigeria staff become chartered members of the institute.
“At Ecobank, we take human capacity development very seriously. Some of our staff that wrote the last examinations are now chartered members of the Institute.
“We will also ensure bulk subscription of our staff. We will be nominating 30 mentors and 100 mentees to participate in the second mentorship programme,” he assured.
VBank Brightens Spirits at Lagos NYSC Orientation Camp
By Modupe Gbadeyanka
The National Youth Service Corps (NYSC) orientation camp in Lagos was recently brightened by VFD Microfinance Bank, owners of the 2020 banking app of the year, VBank.
The financial institution, for 10 days, entertained corps members and officials alike at their Games Veelage, an arcade set up with interesting games including snooker, Jenga, fuss ball, chess, scrabble, snakes & ladders and video games.
At the climax last Sunday, 15 NYSC members won N150,000 in cash prizes, while others received loads of consolation gifts.
Dayo Osborne, Gbenga Benedict, Olamide Ojedele, and Joseph Eweje were some of the winners of the N20,000 cash prize category and were rewarded instantly via transfer from the digital banking app, VBank.
While onboarding the graduates on the banking platform, the brand created an avenue for the Batch A Stream 2A corps members to relax after their usual daily camp routine.
The bank had equally sponsored the inter-platoon games night which took place days before, gifting participants cash transfers using the app’s Proximity Payment feature.
According to Ebere Ahaotu, Product Manager, VBank, “It is our little way of encouraging young people to keep hope alive.
“Camp life can be hectic and VBank is all about ease and convenience so why not brighten up their camp experience, introduce them to a better way to bank and assist them with some funds to transport them to their places of primary assignment. It’s about paying it forward.”
The corps members have since been posted to different places of assignment within the state while another stream gets ready for camp in July.
Ecobank Describes Women as Bedrock of Entrepreneurship
By Modupe Gbadeyanka
The role women play in entrepreneurship cannot be downplayed and this is why Ecobank Nigeria has thrown its full weight behind the Selfmade Woman Conference (SMWC) 2021.
The Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, in a statement from the lender, said women are the bedrock of entrepreneurship and most families.
He said partnering with a notable media entrepreneur and blogger, Ms Linda Ikeji, to host the event slated for Saturday, June 19, 2021, in Lagos was in line with the bank’s empowerment policy for women.
According to him, the challenges facing the nation have made it more imperative to recognise the potentials in women and develop them.
“Our decision to support Linda Ikeji conference aligns with our women empowerment policy. As a bank, we have been playing a leading role in this respect,” Mr Akinwuntan said.
Business Post reports that the event is taking place at the Federal Palace Hotel, Victoria Island, and the speakers include Tara Durotoye, renowned beauty and make-up entrepreneur; Dr Ola Brown, founder of the Flying Doctors Healthcare Investment Company; and Dr Nancy Nnadi, serial entrepreneur and CEO of Telecom Distribution Company.
Other guest speakers are Tomie Balogun, investment expert and fintech entrepreneur; Sola Adesakin, finance coach and chartered accountant; Kemi Adetiba, filmmaker and content creator; and TV star, Dorathy Bachor.
They will provide actionable strategies and hope to women who would like to start their own businesses, enhance their impact in various industries or broaden their creative roles in traditional industries.
Speaking further on the various supports the bank has offered to entrepreneurs, Mr Akinwuntan said, “As you know, we have a long-standing partnership with Tera Kulture, that is Bolanle Austen Peters who has come out with various movies such as Bling Lagosians, Moremi The Musical, Fela and the Kalakuta Queens, The Oluronbi Musical and others.
“Recently, we also supported The Wait, a movie inspired by the popular book from renowned lawyer and entrepreneur, Yewande Zaccheaus.
“We are also currently working with the Ogun state government to promote the Adire industry which is also primarily women-driven.
“In the agricultural industry, we have supported the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) across the six regions of the country to reach out to farmers, especially the womenfolk to support them financially to increase their farm size and yield capacity through the introduction of new techniques.
“Let me also add that Ecobank has a women empowerment programme Ellevate for women in Business; this will be publicly launched across the country in July.
“With Ellevate, we want to ensure we raise and recognize our women for the significant role they have always played to ensure a better society for us all.”
The Linda Ikeji Self-Made Woman, which debuted in 2013, is an advocacy project with the sole aim to mentor and provide financial empowerment to young female entrepreneurs or aspiring ones.
It is mainly to build stronger economies and improve the quality of life for women, men, families and communities.
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