Heritage Bank Stimulates CBN’s Financial Inclusion on 2020 Target

AS part of efforts to consummate the Central Bank of Nigeria (CBN) initiated policy aimed at reducing the number of the unbanked populace by 20 percent in 2020 and to ensure greater participation in the nation’s financial sector, Heritage Bank Plc has keyed into this initiative to drive financial inclusion and promote economic growth. CBN has mandated all banks in line with the 2020 financial inclusion target, to have a nationwide Account Opening Week.

 

The Account Opening Week is an initiative of the CBN, Bankers’ Committee and other stakeholders to provide opportunities for financially excluded Nigerians and Micro Small and Medium Enterprises to open accounts with formal financial institutions, with the overall aim to access financial Heritage Bank Internal services to reduce the current 36.8per cent financially excluded to 20per cent and stimulate economic growth. Towards this, Heritage Bank deployed its technology and large number of staffs to reach the large populace who do not have bank accounts in selected states were sensitised and mobilised to designated centres in rural areas, where they opened their personal accounts. Speaking on this exercise, the MD/CEO of the bank, Ifie Sekibo, stated that the Bank has been at the forefront and continued to give its unreserved backing towards reducing the exclusion rate to 20per cent by 2020, create jobs, reduce poverty and improve the welfare of the people.

 

According to him, the bank succeeded in opening more than 2, 000 bank accounts in designated centres of the following six states: Kano, Ebonyi, Nasarawa, Gombe, Bayelsa and Ondo. Meanwhile, Sekibo made recourse to Heritage Bank’s supports so far, thereby noting that the bank has been taking an aggressive approach with the introduction of agent banking partners. He pinpointed that the bank has brought on board over 10,000 agent partners since the commencement and launching of ‘corner shop’, which lends credibility to the consistency of the service and how it is changing lives and empowering Nigerians across the country.

 

At this steady growth rate of approximately 17.5 percent new agent per month, one can say that hitting the long-term vision of 100,000 active agents in five years is well within reach. However, Sekibo explained that financially excluded persons constitute a gap in the financial sy tem and there is no way to create a perfect economy except all these people are brought on board.

 

Read More:

https://www.vanguardngr.com/2020/03/heritage-bank-stimulates-cbns-financial-inclusion-on-2020-target/

https://dailytimes.ng/2020/03/23/heritage-bank-stimulates-2020-cbns-financial-inclusion-target/

https://www.thisdaylive.com/index.php/2020/03/23/heritage-bank-supports-financial-inclusion/

L-R: GoodLuck Linda, WOSSA Chief Welfare officer; Helen Unabor, WOSSA Chief Protocol officer; Olawale Osundele, Regional Head, Lagos Island 1, Lagos Island 1 Zone, Heritage Bank; Amb. Tayo Thomas, President of WOSSA; Dame Jennifer Omotayo-Thomas, Vice president, WOSSA and John Adah, Team Member, Corporate Communications, Heritage Bank, during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”

PRESS RELEASE

Heritage Bank supports over 500 widows, receives UN Award for Humanitarian Service 

Heritage Bank received the 2022 United Nations Award for Humanitarian Service from the Widows & Orphans Support Society of Nigeria (WOSSA), as no fewer than 500 widows and orphans in Lagos State benefitted from the Bank’s support. 

This was made known during the award ceremony held in Lagos to mark this year’s International Widows Day themed: Gender Equality Today for a Sustainable Tomorrow”.

The event was an opportunity to recognize Heritage Bank’s Corporate Social Responsibility (CSR) roles to widows, their children and other less privileged within the society.

Speaking during the awards presentation, Founder, Widows & Orphans Support Society of Nigeria (WOSSA), Ambassador Tayo Thomas, said Heritage Bank is one of the group’s key partners and has for years shown massive support to the widows. 

He said: ” Basically, we are giving this award to people and organizations that have been supporting the less privileged widows. These are our partners, they have been doing great service to humanity, especially service the less privileged widows in meeting their financial needs and those of their children”. 

Continuing, he said: “The United Nations Humanitarian Award is to appreciate and acknowledge them for their support to the less privileged widows. The United Nations Humanitarian Award is an award we give every 24th of June to those who have really supported the widows. Those who have joined us to fight against injustice against the widows. That is the reason for today”. 

Speaking at the event, Heritage Bank Regional Head, Lagos Island 1, Olawale Osundele, said the bank has for years, remained committed to improving people’s lives. 

He said: “It has always been one of our front liners to always improve the quality of people’s lives right from childhood. And today that they are marking the International Widow’s Day, we are also part of the support team to WOSSA in various aspects.”

“We have been supporting them in terms of providing quality education for children of widows to ensure that life after the death of their husband is still good to them and their children. We also support the children and orphans and the less privileged in the society,” he added.

According to Osundele, the bank’s support to the widows has always been a source of joy to them.  “It means that life still means a lot to them. You can see the joy in their faces. Despite what they are going through, they are still very happy and relevant in society,” he said. 

One of the widows at the event, Mrs. Felicia Ugwunwanne thanked Heritage Bank and WOSSA for their continuous support to the widows and less privileged. 

She said that WOSSA is through the support of partners such as Heritage Bank, making life better for the widows and their children. 

“The WOSSA has for years, been assisting so many of us, including our children and orphanages. WOSSA gives us cash, help some widows to pay their house rent, school fees for widows’ children, among other things,” she said.

Ugwunwanne said the widows under WOSSA are being trained for skills acquisition to improve the quality of their lives.

“I am aware that the WOSSA is working on securing loans from Microfinance Bank, and we have completed forms to achieve the purpose. Our members are prepared to access the loans. Some of the widows have gone to learn some skills that will enable them to invest and succeed in whatever craft or business they are doing so that they will not continue to depend on people,” she said. //END.//

Ozena Utulu, Ag. Group Head, Corporate Communications