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CIBN Congratulates Miriam Olusanya, As GTBank MD/CEO

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#CharteredBanker

…Congratulations to Mrs. Miriam Olusanya, HCIB, on her appointment as the Managing Director/CEO GTBank

Olushola Okunlade Writes

The Chartered Institute of Bankers of Nigeria (CIBN) has congratulated the newly appointed first female Managing Director/ CEO of Guaranty Trust Bank (GTBank), Miriam Chidiebele Olusanya.

Mrs. Miriam Olusanya, HCIB, has over 23 years’ banking experience that cuts across Transaction Services, Asset and Liability Management, Financial Markets, Investment Banking and Investor Relations.

The President/Chairman of Council, CIBN, Bayo Olugbemi, FCIB, said ” We congratulate Mrs. Miriam Olusanya, HCIB, on her appointment as the Managing Director/CEO GTBank

Mrs. Miriam Olusanya holds a Bachelor of Pharmacy (B. Pharm) degree from the University of Ibadan, Nigeria and a Master of Business Administration (Finance and Accounting) from the University of Liverpool, United Kingdom. She has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.

Miriam served as a Non-Executive Director on the Board of Guaranty Trust Bank (Gambia) Limited. She is also a member of the Financial Markets Sub-Committee of the Bankers’ Committee, the primary interactive policy platform made up of the Central Bank of Nigeria and banks.

She joined the Bank as an Executive Trainee in 1998 and rose through the ranks until her appointment as Executive Director in 2018.

Until her appointment as MD/CEO, she was the Group Treasurer and Head, Wholesale Banking Division, responsible for balance sheet and financial markets activities of the Bank and its African subsidiaries, Corporate Finance as well as Investor Relations.

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Polaris Bank Not On Sale, Disregard False Report

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Valentine Season: Polaris Bank Excites Existing, Prospective Customers With Mouthwatering Rewards

…Polaris Bank remains a stable, strong, and credible financial institution

Olushola Okunlade Writes

Polaris Bank has denounced the online report that it is for sale, the report claimed that the Central Bank of Nigeria was about to sell the bank to Auwal Lawan Abdullahi for N40 billion.

The bank made the disclosure in response to media reports about an alleged secret acquisition of Polaris Bank with a false online report that states “Online Publication on Purported Sale of Polaris Bank.” 

The bank statement said: “Our attention has been drawn to an online report on the purported sale of Polaris Bank Limited.

“This publication is speculative, deliberately intended to create panic, and should be disregarded by the banking public.

“Stakeholders may recall the regulatory intervention in the erstwhile Skye Bank by the CBN and the subsequent injection of capital via the Asset Management Corporation of Nigeria (AMCON) through a bridge bank process, which birthed Polaris Bank in 2018. The bank has since stabilized its operations following the intervention; improving its balance sheet, customer base, and profitability.

“Whilst the intention has always been to return the bank to private ownership, such a sale would occur following regulatory approvals with formal notification to all relevant stakeholders. The Bank is committed to ensuring timely communication to the public during such an event.

“The Board and Management hereby reassure its customers, staff, and the general public that Polaris Bank remains a stable, strong, and credible financial institution positioned to deliver sustainable value to all its stakeholders.

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FirstBank Branch, Head Office, Not Sealed, Disregard False News

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FIRSTBANK UNVEILS A FULLY AUTOMATED SELF SERVICE BRANCH, STRENGTHENS DIGITAL TRANSFORMATION IN NIGERIA

Olushola Okunlade Writes

FirstBank of Nigeria Limited has clarified the false news on the sealing of its head office and branch in Abuja contrary to some media reports.

The fake news peddlers had reported that the head office of FirstBank in Central Business District, Abuja, was been sealed off based on the order of an FCT High Court Enforcing a garnishee order.

FirstBank described the story as a misrepresentation of facts and contorted news.

The bank disclosed this in a statement saying, “Our attention has been drawn to the news reports online with the conflicting claims that FirstBank branch or/head office has been sealed.

“Please be informed that the referenced story is a misrepresentation of the facts and misleading. Neither our branch nor head office was sealed. On the 4th of August, 2022, there was unlawful enforcement at the Bank’s Coomassie House Branch of a garnishee order issued by a Federal High Court sitting in Abuja which orders the Bank is still challenging in court.

“While the Bank has taken appropriate legal steps to deal with the situation, we wish to reassure our customers of unhindered banking services and the unique customer experience in all our branches and through our numerous alternative channels.”

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FirstMonie Agents Transact Over 1 Billion Transactions, Reinforces FirstBank’s Leading Role In Promoting Financial Inclusion In Nigeria

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FIRSTBANK UNVEILS A FULLY AUTOMATED SELF SERVICE BRANCH, STRENGTHENS DIGITAL TRANSFORMATION IN NIGERIA

The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country  

The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria

Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility

Olushola Okunlade Writes

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has announced that its agent banking network – Firstmonie Agents – spread across the nook and cranny of the country has collectively processed transaction volume in excess of 1 billion, amounting to over 22 trillion naira.

The Bank currently has over 180,000 Firstmonie Agents, spread across 772 of the country’s 774 Local Government Areas.

Firstmonie Agents have been integral to bringing financial services closer to the underbanked and unbanked segment of society, providing convenient banking services that are easily accessible, thereby saving time and travel costs for individuals in the suburbs and remote environments with no access to financial services. 

Popularly referred to as the ‘Human ATM’, Firstmonie Agents are empowered to reduce the reliance on over-the-counter transactions while providing convenient personalized services. Amongst the services carried out by the Agents include; Account Opening, Cash Deposit, Airtime Purchase, Bills Payment, Withdrawals, and Money Transfer

Through various empowerment and reward schemes implemented to put its Firstmonie Agents at an advantage to economically impact their immediate communities whilst importantly having their business sustained, the Bank’s Agent Banking scheme has remained a toast to Nigerians, irrespective of where they are in the country. Amongst these schemes is the Agent Credit – launched in 2020 – which has had the Bank provide credit facilities to the tune of 238 billion naira to its teeming Firstmonie Agents.

Expressing his appreciation to the Firstmonie Agents, Dr. Adesola Adeduntan, CEO, FirstBank said “since the relaunch of our Agent Banking scheme in 2018, our Firstmonie Agents have played a vital role in bridging the financial inclusion gap in the country, as many more people have been able to undertake various financial and business transactions in cost-effective ways, thereby saving a lot of time and money in traveling over long distances for essential banking services.“

“We are delighted by the giant strides of our Firstmonie Agents in promoting financial inclusion and commend them for their efforts in taking banking to the doorsteps of Nigerians – irrespective of where they are – in a very effective way”, he concluded.

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