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£1 MILLION-A-WEEK SALARY, RAIOLA TO OFFER HAALAND TO PSG, MANCITY
The Mirror says Raiola holds grand plans of brokering an eye-watering amount for his client through a sensational overall package.
With a huge basic salary in store, image rights, digital opportunities and commercial deals have all been earmarked in the report as ways of reaching the target.
Raiola’s demands are said to likely rule out the majority of clubs embroiled in the dogfight to sign Haaland except for a handful with enviable finances.
Manchester City, Real Madrid and PSG have all been identified as the only suitors who would be able to stump up the cash.
Real Madrid and Barcelona, which held talks with Raiola and Haaland’s father a fortnight ago, have been left ‘shocked’ after being told about his proposal for one of the world’s finest young talents.
City, as well as Premier League rivals Chelsea, Liverpool and Manchester United, are also believed to be in the chase to secure Haaland’s signature.
Primate Ayodele Congratulates New IGP, Urge Him To Put God First
The man of God, who just returned to Nigeria from his prayer mountain explained that the appointment of the new IGP is divine because he was chosen out of so many better options.
Primate Ayodele advised Usman Baba Alkali to always put God first in all his endeavors because without Him, whatever he plans to do will be futile.
He made it known that the state of insecurity in Nigeria is getting worsened as the day goes by, and there is no way He will be successful without calling on God for help.
He also warned him against tribalism, and partiality in his operations.
‘ I want to congratulate the new IGP, Usman Baba Alkali on his appointment, His mission is divine. Despite the fact that He has the policing strategy, He should put God first because none of this happened without His Endorsement.
There are better hands before He was selected, God has a good plan for him and that is why he is where he is today.
I urge him not to employ tribalism in his operations, he should also balance his actions towards religion so that He will be able to get results, God truly loves him.
God is ready to help him conquer banditry in the country during his tenure as IGP because there is a big task ahead of him. I wish him well.’’
Oba Elegushi to celebrate birthday with football, golf tournaments
…As Ex-Eagles tackle Comedy stars in Peace Cup
In a statement signed from the palace by the monarch’s special assistant on public affairs, Temitope Oyefeso, stated that a novelty football match, tagged ‘Elegushi Peace Cup’ will hold at the Campos mini stadium in Lagos and also the inaugural Oba Elegushi Golf Tournament will tee off at the Ikoyi Golf course. The two-in-one event is scheduled take place on Friday 9th of April 2021.
Speaking on the Peace Cup, the monarch spokesman stated that the initiative is to provide a platform to preach the message of peace to Nigerians, at a time when there is so much tension and socio-economic challenges confronting the nation.
“We embraced the peace cup as put forward by the organizers. His royal majesty is an advocate of peace, he preaches peace at every opportunity, so he endorsed the peace cup and has donated a trophy to be presented to the winner”, Oyefeso stated.
The Palace spokesman also disclosed that the Elegushi Peace Cup has attracted individual personalities in the entertainment industry to form a team and matches have been drawn between the Nigerian movie industry to tackle their counterparts from music, while ex-footballers will slug it out with comedy stars.
Some of the names already on the team list include Kanu Nwankwo, Tijani Babangida, Victor Ikpeba, Garba Lawal, for the ex-internationals. While the likes of Zlatan, Sexy Steel, Flavour, Patoranking will represent Team Music; Nollywood Team will have the likes of Fred Amata. IK Ogboona, Bolanle Ninalowo, Ijebu, Osita Iheme. The Comedy team will parade stars like Ayo Makun, Seyi Law, Bovi, Akpororo and others.
In similar fashion, over 100golfers from different golf clubs across the county have registered to participate at the maiden Golf tournament. The golf tournament is personal to the celebrant, Oba Elegushi, who is also a golfer and an active member of the Ikoyi Golf Club. He also plays at different courses within and outside Nigeria.
Oba Saheed Elegushi, who is the 21st monarch of Ikate-Elegushi kingdom was born on the 10th of April 1976 and ascended the throne of his ancestors on the 27th of April 2010.
Opinion: IBADAN, Honour to the undeserving By Wole Arisekola
All over the world, conferment of chieftaincy titles on deserving personalities is a way of expressing gratitude for impactful gestures of individuals that have through their magnanimity and benevolence benefited the awarding community whereby gratefulness of the people is bestowed on the beneficiaries of such titles in recognition of their irrefutable impacts with anticipation of continued purposeful living to further enhance the lots of the title awarding community.
Invariably, for conferment of chieftaincy to be worth the while, there must be convincing evidence of the presence and stupendous proofs of positive influence of title beneficiary widely felt and appreciated by the members of the title awarding community, otherwise, such titles become a scam.
The above depicts is the current trend in the award of Chieftaincy titles by the exalted throne in Ibadanland, Oyo State of Nigeria.
Chieftaincy titles come in different worths and diverse values. Some may be taken for granted while others must worth the status. The title “Agba Oye”, which refers to “High Chief”, is supposed to be preserved for an individual of perpetual influence who has grown through the ranks relentlessly providing shoulders for others to learn on and bringing widespread soccur to all and sundry remaining unwavering and unflinching in his positive impacts on the community over time without being found wanting over a reasonable length of time.
The Late Chief Harry Ayoade Akande, the immediate past Agba-Oye of Ibadanland, was known for enormous wealth. He lived in extreme affluence with a record of being rated one of the richest black men ever lived but never had any conspicuous impact on the community that awarded him with one of the most revered titles of the land.
As they say, once bitten, twice shy. If the most prestigious title of Ibadanland was given in error in the past, caution ought to be taken to avert the repeat of such a gaffe. A deserving personality for the esteemed title of Agba Oye of any community ought to be a man with a household name in the community with convincing impact and evidence of kind gesture is felt and acknowledged by all and sundry in the community.
Late Mufutau Ajadi Lanihun of blessed memory was never a big title holder but his name resonated with philanthropy, care for the downtrodden and peerless love for Ibadanland. Such is the worth of an individual deserving of a respected title in Ibadanland.
Curiously, the recent installation of Engr. Kola Karim as the new Agba Oye of Ibadanland leaves some questions unanswered – Who is Kola Karim in the social, religious, communal and philanthropic spheres of Ibadanland? What has been his credence in the Ibadan traditional council, his contributions to societal development of Ibadan city, his evidence of impactful living among the downtrodden not to talk of ingenious associations, the Olubadan palace itself and the central council of Ibadan Indigenes?
The Ibadanland ought to have outgrown ‘titles for sale syndrome’ whereby only the highest bidder takes the weighty honour of the land. This makes titles become cash and carry.
Conversly, the award of the revered title of Agba-Oye of Ibadanland puts the beneficiary of the title under spotlight to prove his worth as deserving of the title, otherwise the title is considered awarded in error.
Consequently, in order to redress the hideous trend, all concerned stakeholders and prominent sons and daughters of Ibadanland must be involved in the selection process of whoever is deserving of titles from the exalted throne of Olubadan since title holders are not only subjects to the Kabiyesi but also have the sanctity of Ibadanland to preserve and the interests of all and sundry in Ibadan to protect.
Aare Wole Arisekola writes from Ibadan.
China Rich List: 49 Years Old Ma Huateng owner of WeChat Push Jack Ma to 3rd
Omu Resort get First Live Zebra in Lagos
The resort located at Bogije, Ibeju Lekki, Lagos State recorded the landmark achievement with the recent delivery of two Zebras to the resort.
With the arrival of the Zebras, Omu Resort officially becomes one of only a small number of zoos in Africa to have the zebras grace it’s facility.
The black and white stripped Zebras thus increase the numbers of animals in the zoo section of the resort.
Speaking on the achievement, Moji Ibhaze, General Manager of Omu Resort said: “Omu Resort has always been first.
“I will say that its a big achievement for us and we are happy to have the Zebras as an addition to the other animals we have in our zoo.
“We are trying to promote conservation and captive breeding. We are thus extremely proud of the landmark recorded.”
Further, Ibhaze said that Omu Resort is proud to be the pioneer of a sea world, adding that a visit to Omu Resort’s sea world would avail visitors a collection of fishes that are peculiar to Nigerian waters.
“If you visit our sea world, you will see how we keep our fishes in wall aquariums and they are all indegenous to Nigerian waters, none is imported.”
Ibhaze reinstated Omu Resort’s commitment to wildlife, adding that the resort intends to bring in more animals especially endangered ones.
According to her, the resort is working with Professor (Mrs) Morenikeji of the University of Ibadan towards achieving the dream.
“Our Eland has also arrived even as we expect two Girrafes in the next 8 weeks. Space is also currently under development to receive our elephants.
Meanwhile, Happiness Michael, a staff of the resort has stated that the arrival of the Zebras will be a business ace.
According to her, “Ordinarily, when people come into the zoo section of the resort, they settle for the feeding of the lions as their premium experience. After seeing the lions, they ask us what else do you have? I tell them that we have several other animals and they are indeed happy to see them. Now, i can tell them that we have taken delivery of two Zebras. That will definitely put some smile on their faces this Easter period.”
UBA: A Bank of Many Firsts, in pursuit of Customer Satisfaction
In a bid to reinforce its commitment to first-rate experience, the lender introduced Leo the Chat Banker in 2018 and did not rest on its oars as it innovated with more firsts launching on facebook, in 2019 and on WhatsApp, following which it created Leo Apple Business Chat’ for Ios on iPhone and iPad. A feat its peers are yet to replicate, even though some banks like Diamond Bank now merged with Access Bank tried with Ada and StanbicIBTC Bank’ Sami. First Bank and GT Bank also launched on WhatsApp. They were all unable to replicate the success story of UBA’s Leo.
Recently, UBA has again raised the bar, with another first of its kind, that is currently setting the pace in the digital banking space. The New UBA mobile App, launched in March is a one stop shop for all banking transactions like never seen before on the African continent and is already a massive success with customers who have embraced the app wholeheartedly with more than 200,000 downloads since its launch in March. A testament to the excellent unique offerings imbued in the new mobile app.
The new app, which is a total upgrade from the former app, has new features including four amazing themes and a more amazing graphical interface, just as it has another never-been-seen before feature where it blurs your account balance when you cover your phone’s censor.
Armed with benefits and features designed to give its customers increased control and accessibility to carry out transactions with ease, UBA Digital Banking Group Head, Kayode Ishola, said the app has been tailor-made to give customers what they want, how and in the way they want it. He made this disclosure during a recent virtual press parlay with both local and international media, adding that a lot of investment in cutting edge technology and attention to details was put into the new mobile app.
According to him, the new UBA Mobile App is “your personal finance manager built with a distinctive user interface that will change the face of banking. “With this app, we are reimagining banking as our engagement has moved from being channel-based to being platform-based.
“The speed of the platform has been made to match the speed of light as we have cut down significantly on the number of processes expected to carry out your transactions. Interestingly, we have worked towards creating behavioural insight for our customers and working around this to address the real needs of our customers using the Omni channel platform and running on our open digital platform, which is very interactive and armed with lifestyle services. It is sleek and trendy with seamless user interface”, he added.
On the security features of the app, UBA’s Group Chief Information Officer, Onyebuchi Akosa, said the new platform will revolutionise the way banking services are offered as it will deliver increased personalised banking via a watertight and highly-effective security system.
He said: “The new app has also been built with the best-in-purchase security features and has been modelled appropriately to ensure that all the features are working properly to secure transactions maximally. It is also important to mention that the bank took into consideration the virtually impaired, and thus has used voice recognition as a channel for transaction which suits both convenience and the visually impaired customers.”
Head, UBA SME Banking, Sampson Aneke, on his part noted that the app has been created with a high-level of intelligence because it can work based on frequent transactions.
He added that “it can also speak to the specific country where it is being used as the new mobile app runs concurrently in the 20 countries of UBA’s operation interacting in the different languages and cultures in line with the specific needs and regulation of the country in focus. This all-encompassing platform which boasts of a new user interface because of its sleek, modern nature of delivering seamless experience across several devices; can be used as a budgeting tool, loan application and also allows customers view their expenses according to their various categories such as the amount spent on data within a particular period.”
Beyond lip service, the bank, which is known for its culture of excellent service, has continuously innovated all of its business segments, whilst delivering top-notch operational efficiencies and best-in-class customer service. Over the years, the reward for creating such superior value has come in form of customer satisfaction and numerous local and international awards, thus consolidating their leadership position in Africa. For the bank, those awards are evidence of the diligent execution of its strategic initiatives geared towards customer service fulfillment.
Social Impact
Beyond the multiple zeros that are the underlying goal of every financial institution, UBA is also big on social impacts and customer satisfaction, the latter being a requisite for a rewarding year for the bank. Through its UBA Foundation, its CSR arm that is committed to being a socially responsible company and role model for all businesses in Africa, the foundation is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of education, environment, economic empowerment and special projects. The UBA Foundation was incorporated in January 2004.
The bank performs all these social functions while maintaining a sound pedigree as an institution that helps millions across the continent meet their financial goals. In fact, as one of the oldest surviving financial institutions in Nigeria, UBA holds a distinctive position as a general wealth distributor, which makes its financial performance more profound and impactful.
With about 274,000 shareholders, about 72 per cent holding between one and 10,000 ordinary shares, UBA has the most diversified shareholders’ base. It is also one of the most actively traded stocks at the Nigerian stock market, and a major influence in the traditionally most active banking sector. A total of 6.95 billion ordinary shares of UBA were traded at the stock market in 2020 while the bank’s share price rose by 21 per cent, more than a double of average return of 10.1 per cent recorded by the NSE Banking Index.
With more than 21 million customers and 1,000 business offices and customer touch points in 20 African countries, UBA is a systemically important, tier one financial institution. Despite the disruptions caused by the COVID-19 pandemic, the group remained a major developmental partner for its host communities, environment and economy as it donated N5.10 billion to various corporate social responsibility (CSR) initiatives during the year, through its foundation.
Impressive Performance
Despite the challenges the year brought including the COVID-19 pandemic, the bank’s performance stood out- while the deposit base increased by 48.1 percent, the bank’s profit before tax rose to N131.9 billion compared with N111.3 billion in 2019; profit after tax rose by 27.7 per cent to N113.8 billion compared with N89.1 billion in 2019 and earnings per share thus rose by 26.8 per cent from N2.52 in 2019 to N3.20 in 2020.
A further breakdown showed that the total assets last year leapt two spaces to N7.70 trillions from N5.62 trillion in 2019, about 37 per cent increase. The balance sheet performance is reflective of the overall performance outlook for the pan-African banking group. Market pundits are placing a “buy” note on UBA on the heels of the 2020 performance. UBA has the highest upside potential among the five stocks recommended by Cowry Asset Management Limited as the stock market reopened.
The 12-month report showed that gross earnings rose by 10.8 per cent to N620.4 billion in 2020 compared with N559.8 billion recorded in the corresponding period of 2019. The overall top-line performance was driven by growths across the income lines. Interest incomes had grown from N404.83 billion in 2019 to N427.86 billion in 2020.
Net interest income stood at N259.47 billion in 2020 as against N221.88 billion in 2019, fees and commission incomes also rose from N110.56 billion in in 2019 to N126.94 billion in 2020 while net trading and foreign exchange income increased from N37.63 billion to N59.45 billion. Further segmented analysis showed the continuing growth and profitability of the group’s non-Nigerian subsidiaries, providing diversification that helped to cushion and insulate the group from market fluctuation.
Meanwhile, the “Rest of Africa”-other African subsidiaries excluding the main Nigerian market, saw turnover growth from N166.27 billion in 2019 to N232.06 billion in 2020, repeating the same trend in pre-tax profit, which rose from N52.15 billion to N75.12 billion. The group also recorded increased incomes and profit across its business lines with corporate banking, retail and commercial banking and treasury and financial markets recording N201.02 billion, N214.39 billion and N204.96 billion respectively in 2020 as against N181.4 billion, N193.46 billion and N184.95 billion respectively in 2019.
The businesses also sustained improved profit. Corporate banking netted N62.32 billion in 2020 as against N47.9 billion in 2019. Retail and commercial banking recorded net profit of N30.23 billion as against N24.36 billion while net profit on treasury and financial marker dealings improved from N16.23 billion in 2019 to N21.22 billion in 2020.
On the cost side, operating expenses grew by 10.1 per cent to N249.8 billion, as against N217.2 billion in 2019, well below average inflation rate of 13.2 per cent for the year, thus reflecting the bank’s cost effectiveness. Despite the challenging business environment during the COVID-19 pandemic and the resultant effect on economies globally, the bank’s profit before tax rose to N131.9 billion compared with N111.3 billion in 2019. Profit after tax rose by 27.7 per cent to N113.8 billion compared with N89.1 billion in 2019. Earnings per share thus rose by 26.8 per cent from N2.52 in 2019 to N3.20 in 2020.
The balance sheet also showed that UBA recorded a remarkable 24 per cent growth in loans to customers at to N2.6 trillion while customer deposits increased by 48.1 per cent to N5.7 trillion, compared with N3.8 trillion recorded in the corresponding period of 2019, reflecting increased customer confidence, enhanced customer experience, successes from the ongoing business transformation programme and the further deepening of its retail banking franchise. While the paid up capital remained unchanged at N17.1 billion, total equity funds rose from N597.98 billion in 2019 to N724.15 billion in 2020, driven mainly by increase in retained earnings and other reserves.
Management Outlook
Re-echoing the stance of analysts on the strong performance of the bank despite the global pandemic, UBA Group Managing Director, Mr. Kennedy Uzoka said last year was important for the UBA Group, as it gained further market share in most of its countries of operation.
According to him, the bank ended a very challenging year on a reassuring note as shown by double-digit growth in both top and bottom lines. Despite the tumultuous impact of the pandemic globally and across UBA’s 23 countries of operation, the group created N519 billion additional loans as it continued to support customers and their businesses.
He outlined that customer deposits grew 48.1 per cent to N5.7 trillion, driven primarily by additional N1.8 trillion in retail deposits, assuring that as a global bank, UBA remains well capitalised and determined to successfully drive financial inclusion on the continent through innovative products and vast network.
He pointed out that the bank’s capital adequacy and liquidity ratios came in at 22.4 per cent and 44.3 per cent were well above the respective regulatory minimum of 15.0 per cent and 30 per cent.
“Our primary strategy will continue to focus on providing excellent services from our customers’ standpoint, putting the customer first always. Looking ahead, I am inspired by the achievements we have made since the launch of our transformation programme. We have expanded market share considerably across the geographies where we operate and are consolidating our digital banking leadership in Africa. We will continue to leverage our diversified business model and dedicated workforce to further strengthen our position as ‘Africa’s Global Bank,” Uzoka said.
Group Chief Financial Official, United Bank for Africa (UBA) Plc, Ugo Nwaghodoh said the persistent low interest rate environment in 2020 exerted significant downward pressure on margins, notwithstanding, the bank’s interest income for the year grew by 5.7 per cent to N427.9 billion, driven by 8.2 per cent and 7.5 per cent year-on-year growth on interest income on loans and investment securities respectively.
Essentially, the 2020 performance no doubt shows the resilience of the uniquely diversified operating model of the UBA, and brings to bear the gains from continuing investments in its pan-African outlook. Analysts are optimistic the group will sustain its growth trajectory, given expected improvements in national and global environments in 2021.
UBA is Well-Positioned to Benefit from Recovery Trends in 2021 says Elumelu
…Shareholders optimistic about future earnings prospects
Pan African financial institution, United Bank for Africa (UBA) Plc has assured its teeming shareholders and investors of even greater returns in the coming months, with the bank having established a diversified business model that ensures impressive performance even in periods of uncertainty, across its geographical network.
UBA Group Chairman, Tony O. Elumelu, who gave this assurance to shareholders at the 59th Annual General Meeting at the UBA Head Office, on Thursday April 1, 2021, explained that the bank has made strategic decisions that will strengthen its resolve to earn the industry leadership that it has envisioned in Nigeria, Africa and globally.
“We spearheaded strategic investments in our digital banking and technology platforms to further promote self-service banking; we have also focused on enhancing the capabilities of our people through various online capacity development programmes,” Elumelu added, “Our African operations (ex-Nigeria) have contributed approximately 55% of our profits for the year, illustrating that we are truly a pan-African bank.”
He further explained that the bank remains committed to ensuring its viability amid an ever-changing business environment and to continue be a role model for African businesses by showcasing the best of Africa to the world. “The work we have done in strengthening our governance structures Group-wide and in improving our business and operating models in 2020 positions our bank to benefit from these recovery trends and to achieve significant market share gains across our operations,” he noted.
At the end of the 2020 financial year, UBA’s profits grew remarkably by 27.7 percent to N113.8 billion, compared to N89.1 billion recorded at the end of the 2019 financial year, whilst profit before tax was impressive at N131.9 billion, compared to N111.3 billion at the end of the 2019 financial year.
Gross earnings grew by 10.8 percent to N620.4 billion, compared to N559.8 billion recorded in the same period of 2019 whilst total assets also grew by 5.6 percent to an unprecedented N7.7 trillion for the year under review.
In its usual tradition of rewarding shareholders, the bank proposed a final dividend of N0.35 kobo for every ordinary share of 50 kobo, bringing the total dividend for the year to N0.52 kobo as the bank had paid an interim dividend of N0.17 kobo earlier in the year.
Shareholders at the meeting commended the bank’s decision to plough-back some of its profits into business consolidation, adding that these times call for prudent and effective management of financial resources for all businesses especially those with high shareholding rate such as UBA.
One of the shareholders, Sir Sunny Nwosu, who spoke at the meeting, commended the board and management of the bank company for keeping up with its activities despite the Covid-19 pandemic and its resultant effect on major businesses.
Whilst advising the company to gear up efforts to increase dividends in the next financial year, Nwosu praised UBA’s for ensuring that the African subsidiaries performed well by contributing 55% to the Group’s business.
Another shareholder, Nonah Awoh, who agreed with the improvement recorded from the bank’s Ex-Nigeria’s subsidiaries, encouraged the management to boost other subsidiaries with the needed resources to help them perform even better in the current financial year.
UBA’s Managing Director/Chief Executive Officer, Kennedy Uzoka, who responded to shareholders’ comments at the meeting spoke on the reduced dividend pay-out this year, explaining that the bank had decided to be conservative to further strengthen the business.
He said, “As an institution that has been in operations for 72 uninterrupted years, UBA wants to continue to perform optimally. In line with this, we have used most of our funds to prepare for unforeseen challenges. Given the trajectory and the resilience of our business, we can assure you that we will meet and surpass the expectation of you our shareholders.”
Continuing, he said, “We have recalibrated our business structure, starting from Lagos and extending to the South-South. We have bolstered them with the necessary leadership to achieve our aim. We believe that with these measures we have put in place, our Nigerian business will give the rest of Africa a good fight,” Uzoka said.
United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-one million customers, across over 1,000 business offices and customer touch points. Operating in 20 African countries with presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.
POLARIS BANK N26M Promo Offer: Customers Warm Up for ‘Grand Finale
At the end of the ‘Save & Win’ Millionaire promo, a total of N26,000,000 would have been won by 188 Polaris Bank customers nationwide. The promo has so far recorded two draws in February and March with the Grande-finale scheduled for April 2021.
The grand finale draw will see Six millionaires emerge from the six geo-political zones of Nigeria and 60 other customers will go home with a consolation sum of N100,000 each. All winners will emerge through a transparent, electronically-generated process that regulatory institutions will supervise.
The ‘Save & Win’ promo aims to make millionaires of Nigerians by encouraging current and new customers to save a minimum of N10,000 monthly. The ‘Save & Win’ promo was launched in November 2020, and so far, two millionaires: Lucky Okunzuwa, a customer of Akpakpava branch in Benin City, Edo State and Ikechukwu Bartholomew Obiefuna, a customer of Okeke Street Branch, Awka, Anambra State, have emerged. In addition, 120 customers have also walked away with N100,000 each across the previous two draws which took place on the 9th of February and 9th of March, bringing the total amount won to N14,000,000 so far.
Commenting on their win, both the first and second millionaire, Lucky and Ikechukwu expressed immense appreciation to the Bank and had positive things to say on the Save & Win promo cash prize.
‘‘I am very delighted about winning one million naira in the Polaris Bank Save & Win Promo. It was like a dream when I was told but this is a reality. The money will go a long way in supporting my small business to grow. I also commit to continue to save more. I sincerely thank Polaris Bank for this novel initiative,’’ lucky remarked.
Representatives from relevant regulatory bodies have also attested to the free, fair and transparent process of the draw used in selecting the winners. They also commended the Bank for keeping its promise to the winners.
Giving a background to what informed the Promo, Polaris Bank’s Acting Managing Director/CEO, Mr. Innocent C. Ike, said, “it is a reward for our customers, who despite the challenging times, can put aside some money as savings. He reiterated that in not-so-pleasant economic times, there is a compelling need to save – not only to win a prize – but also to plan for the rainy day. He disclosed that “both existing and new savings account customers of the Bank are eligible to participate in the promo.”
Savings Account accessibility is swift and straightforward in Polaris Bank. Prospective customers can dial *833*0# on their phones to follow the prompt to create or reactivate their savings account from their devices by visiting https://accounts.polarisbanklimited.com/opening/ or any of the Bank’s branches across the country.
Polaris Bank is a future-determining bank committed to delivering industry-defining products and services across all sectors of the Nigerian economy.