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Ecobank Nigeria Promotes over 600 Staff; Recruits New Employees

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Ecobank Nigeria has announced the promotion of 682 staff effective from May 1st, 2021 representing 26% of its core staff despite the impact of the Covid-19 pandemic and all the attendant impact on business performance globally.

This according to a statement signed by the Managing Director, Patrick Akinwuntan is targeted at recognizing and rewarding employees for their efforts and commitment, stressing that it was also in alignment with the unrelenting desire of the bank to grow its people.

The Managing Director explained that the exercise is part of steps taken by the bank to realign its work force for better efficiency in line with best practices, adding that its workers remain the greatest asset to maintain high service quality standards, constantly improve on customer satisfaction and enhance the Ecobank brand experience.  

“It is commendable that the Board and Management of Ecobank Nigeria exceptionally approved the promotion exercise at this time. As we progress on the journey to becoming the Bank of choice in Nigeria, the empowerment and growth of our people remain a critical cornerstone for achieving the desired market leadership, the Ecobank brand promise, and a respectable return to our shareholders. We are re-building our Bank and our people continue to be the most valuable contributors to our present and future success. While these individuals have been recognized at this time, it by no means belittles the contributions of other colleagues who have also done well. The promotion is a continuous exercise and all hard working employees will eventually be promoted. “ Mr Akinwuntan stated.

Advising members of staff, the Managing Director said “let us continue to grow the bank and delight our customers to enable us achieve our desired target of becoming the preferred bank in Nigeria and contribute positively to the growth of the Ecobank Group and Africa. As a bank, we remain committed to prioritizing the development and career growth of our people and ensuring commensurate recognition continues to apply to all other deserving staff”. The promoted staff were selected through Ecobank Group’s standardized performance management system; an in-house developed performance management system which uses both financial and non-financial metrics to appraise staff.

Also Ecobank has announced the recruitment of the first batch of 60 new entry level trainees into its workforce as part of its growth agenda. The new employees will be absorbed into the firm’s training programme at the state of the art Ecobank academy in Lagos. This being part of the bank’s deliberate policy to train and equip its workforce in line with its transformation drive to make the bank the most preferred financial institution in the country. The rigorous training of new staff is targeted at preparing the graduates to better serve its customers ina convenient and accessible manner.

Ecobank Nigeria Ltd. is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 33 African countries and an international presence in four locations (London, Paris, Beijing and Dubai). Ecobank Nigeria is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.

Ecobank is a major player in the distribution of financial services in Nigeria, leveraging digital platforms including Ecobank Mobile App and USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, POSs and an extensive distribution network of over 250 branches and about 30,000 agency banking locations.

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Access Bank Unveils Twice Bitten Campaign

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Access Bank Promotes 800 Employees as it Transitions to Holdco Structure

Olushola Okunlade Writes

Access Bank Plc, one of the topmost banks in Nigeria has unveiled a new creative slogan to drive its marketing, Twice Bitten Campaign

Twice Bitten? But not today, Block Your Account quickly. These statements decode a lot for Access Bank customers to understand what the bank is really communicating to them.

Online banking has really made financial transactions very convenient in Nigeria and across the globe. But the setback is the fraudsters operating online.

This has given lots of banks a headache. Access Bank really cares about its customers. This crusade brought about this campaign, Twice Bitten, But not today, Block your account quickly.

It is to also alert Access Bank customers on what to do whenever they are in this situation, perhaps, your account has been hacked. Maybe you lost your ATM. Maybe the customer’s ATM was stolen etc.

Twice Bitten? But not today, Block Your Account quickly campaigns guides you on what to do abruptly.

However, this crusade was unveiled three days ago. And it has quickly gained ground in the South West of Nigeria. It is also spreading to the North West of Nigeria, findings. revealed.

Access Bank is working tirelessly to curb hacking of its customers’ accounts online as far as the Twice Bitten campaign is concerned.

However, Access Bank in its bid to enhance financial inclusion has noted its intentions to significantly increase its customer base and deepen the wallet share of the banking population riding on its agency banking platform.

Access Bank agency banking ‘Access Closa’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank further plans to increase its footprint by having a minimum of 50 agents in each of the 774 LGAs across the country.

The Group Head, Agency Banking, Access Bank Plc, Chizoba Iheme, in a chat with journalists noted that due to the limited number of financial institutions, especially in rural areas, Access Closa is Access Bank’s strongest retail channel used in providing banking services to a large population of unserved and underserved Nigerians.

She said: “Our plan is to bank one in two Nigerians as this will see us increase our customer base and deepen our wallet share of the banking population.”

“Going by the high youth and adult population, the resources of Nigeria’s financial institutions are being overstretched in providing physical and human resources and were unable to cope with gaps that existed in meeting banking needs of Nigerians hence the need for Agency Banking as envisaged by the Central Bank of Nigeria (CBN) in 2013.”

“Therefore, Agency Banking helps financial institutions decongest crowded branches by providing a matching and more often convenient channel for their customers. In instances where reaching customers in rural areas is often highly expensive for financial institutions because transaction numbers and volumes do not cover the cost of a branch, agency banking helps in serving them.”

Furthermore, she added that becoming an agent has become a means to empower and reduce unemployment in Nigeria.

“Our commission structure allows an agent to earn up to N500,000 and more monthly in commission including incentives and opportunities for agents to grow their business and partner with a reputable brand is an attraction to the Closa brand.”

Furthermore, on risks associated with agency banking in the country and how Access Banks moves to mitigate it, she added: “There are four major risks that we have identified. These are Technological, Legal, and Fraud/Reputational. Assets.

“Technological Risk, to prevent software and hardware failures, the bank is investing in new infrastructure with the capacity to absorb service disruptions that will have minimal impact. As part of our onboarding process, the bank’s agents are required to execute a service agreement that stipulates the roles and responsibilities of each party.

Also, agents are trained at the point of activation on Anti-Money Laundering (AML) and Terrorism Financing. This training also takes place every year to reiterate the dangers and consequences associated with fraudulent actions. Besides, the bank has set a maximum daily limit on the amount and frequency of transactions that can be performed by an agent. Lastly, a quarterly risk profiling exercise is carried out on all agents for effective management,” Iheme added.

Access Bank is the leading retail bank in Nigeria with over 600 branches and more than 40 million customers. The bank offers products and services tailored to suit the lifestyle of every Nigerian irrespective of age and demographic.

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Winners Emerge In Stanbic IBTC Reward4Saving Promo Season 2

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Stanbic IBTC Opens New Branch In Lekki Free Trade Zone

Winners Emerge In The Stanbic IBTC Reward4Saving Promo Season 2

Olushola Okunlade Writes

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc has rewarded several of its new and existing customers with cash prizes of ₦100,000 in the maiden draw of season 2 of its savings promo, Reward4Saving.

The first draw of this season, which took place at the Stanbic IBTC Head office on Walter Carrington Crescent, Victoria Island, Lagos State, saw 70 customers win cash prizes of ₦100,000 each. The Bank aims to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with ₦100,000 during the monthly draws.

The Bank also aims to reward 28 customers with ₦1 million each in the quarterly draws, and seven customers with ₦2 million each in the grand finale draw.

Speaking at May 2022 draws, the Chief Finance Officer of Stanbic IBTC Holdings, Kunle Adedeji, said the bank recognizes saving as an important aspect of its customers’ journey to financial freedom, and it is for this reason that Stanbic IBTC has decided to continue with the second season of the Reward4Saving Promo to reward and inspire more customers to reach for their dream of financial freedom by improving their savings culture.

“Our aim is to promote a savings culture by rewarding our existing and potential customers as they save for the future. As an end-to-end financial solutions provider, Stanbic IBTC is committed to creating channels and means of financial empowerment for its millions of customers while rewarding them for their dedication. Simply put, we put our money where our mouth is.

Reward4Saving 2.0, as we like to call it, is themed “Bigger and Better”. This is because we have increased the expected wins to allow more customers from across the geo-political zones of the country to walk away with cash prizes worth a total of N156 million, with individual wins ranging from N100,000 to a whooping N2 million.,” he added.

The Chief Finance Officer further stated that existing and prospective customers can take advantage of this opportunity by saving a minimum of ₦10,000 in their savings account or @ease wallet, for at least 30 days. One electronic raffle ticket is issued for every N10,000 saved, thereby increasing the chances of winning. New customers would also be rewarded with ₦500 worth of airtime and three months of free interbank transactions when they open a Stanbic IBTC Bank account. Stanbic IBTC Bank is a subsidiary of Stanbic IBTC Holdings and a part of the almost 160-year-old Standard Bank Group.

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100 Undergraduate Candidates Set To Benefit From Stanbic IBTC’s University Scholarship

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Stanbic IBTC Opens New Branch In Lekki Free Trade Zone

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, awarded scholarships to 100 Nigerian youths who had excelled in University Tertiary Matriculation Examination (UTME) and had gained admission for the 2021-2022  academic session.

The grants, which would provide the students with the financial aid needed to fulfill their educational needs and pursue their dreams, demonstrated the financial institution’s commitment to the growth of the Nigerian education sector.

Each of the successful candidates, who had recently gained admission into universities, would receive scholarships valued at N400,000. The grants would be disbursed in tranches of N100,000 across four academic years.

The financial institution stated that it focused on empowering bright-minded individuals with the capacity to gain adequate knowledge needed to become great men and women in life.

The initiative which commenced in 2019 now has had almost 200  recipients. The beneficiaries were chosen across the six geo-political zones in Nigeria through fair screening processes.

According to Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, the scholarship was borne out of the need to empower hardworking and diligent young Nigerian undergraduates, who aspired to pursue their tertiary education in any state or federal university in Nigeria.

“We believe that everyone deserves a chance to access quality education and we believe in rewarding students who have shown remarkable academic excellence. This initiative will go a long way in easing the financial burdens of these undergraduates who participated in the UTME and gained admission into various Nigerian state and federal universities for the 2021-2022 academic session. We are pleased to announce the 100 winners of this year’s scholarship scheme for undergraduates in 33 universities across the 36 states and the FCT. We wish them great success in their academic journey” he said.

Asides from the first tranche of disbursement, subsequent disbursements would be subject to beneficiaries maintaining their enrolment in their respective universities and degree programs they were admitted into, adhering to the academic and administrative policies of the university, and the provision of a letter of good conduct issued by their respective departments. Beneficiaries would also be required to maintain a Cumulative Grade Point Average (CGPA) of at least a second class upper range, among other requirements.

Demola further added that education remained one of the keys to facilitating a nation’s prosperity, hence the introduction of the scholarship initiative. Stanbic IBTC remains committed to driving value-added initiatives like the University Scholarship program to contribute to the educational development of the Nigerian youth.

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