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CIBN Okays Heritage Bank Academy

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Heritage Bank Plc has received a nod from the Chartered Institute of Bankers of Nigeria (CIBN) for establishment of a full-fledged learning and development institute, with the training of 300 new employees.

 

The Institute according the bank “The Refinery” being supervised by the Bank’s Human Capital Management Group is currently training 300 new intakes who are fresh from universities across and outside the country with diverse academic backgrounds and impressive academic records, in an ongoing intensive 12-week rigorous and thorough academic programme at the school, in Port Harcourt.

 

The Refinery is a tailored learning experience Institute with the perfect blend of technologies, techniques and methodologies to optimise training experiences, which will help employees succeed in ensuring that the bank’s business stays ahead of the curve with the banking sector along with Heritage Bank’s target goals.

 

Having visited The Refinery in Port Harcourt during the ushering in of the new intakes, Babatunde Apena, group head, Learning and Development of CIBN, in his commendation stressed that Heritage Bank’s training facility is the best in Nigerian banking industry and at par with international best standard.

 

According to him, despite the training facility still undergoing various upgrades for accreditation, it stands out as one of the best in the industry.

 

Ifie Sekibo, managing director/chief executive officer of the bank, has described Heritage Bank as a forward looking business whose strength lies in the ability to spot and mould talents into great professionals.

 

He noted that the Refinery was established to train, nurture and arm young employees with the right skills needed to fast-track development and enable teams to flourish.

 

Sekibo further explained that at the Academy, “we hire young graduates who want to advance their skill levels, which will lead to a direct and indirect improvement of life for their families and communities that will culminate toward more productive, resourceful persons.”

 

According to him, any business that hopes to survive the current economic challenges must devise a creative way of harnessing the full potentials of the talents that abound among the nation’s teeming youth population.

 

He urged the lucky intakes that after their graduation, they should see the opportunity as a privilege to contribute their quota towards the development of Nigeria by imbibing the bank’s mantra of commitment to spreading the culture of Wealth Creation, Preserve and Transfer.

 

“Just as the word Refinery connotes, the Heritage Bank Plc Refinery is a Facility where crude talents or abilities are converted or ‘refined’ into ‘finished’ jewels for optimal performance.

 

“The training program is designed to take each participant on an enriching, rigorous and intellectually engaging learning journey to equip them with the fundamental competencies required of a professional banker. The Curriculums are structured to accommodate both Core and Non-Core Banking competencies such as finance, credit and accounting, organizational and behavioral competencies to mention a few”, Sekibo stated.

 


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Unity Bank Unveils 2020 OMG Competition For Children

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In line with the efforts to drive the financial literacy initiatives of the Central Bank of Nigeria (CBN), Unity Bank Plc has unveiled its 2020 One Minute Genius (OMG) competition for children.

OMG is an educational gameshow to engage students as part of activities to commemorate Children’s Day.

According to a statement from the bank, over 120 winners are expected to emerge at the end of the 5-day contest that kicked off yesterday June 1, 2020, and run till Friday, June 5th, 2020.

The statement also said that  the competition can be monitored on Beat FM 99.9 Lagos, Beat FM Abuja, 94.1, and online on the Bank’s Website.

“The One Minute Genius is an initiative that underscores Unity Bank’s belief in children, it connects with the Nigerian children’s aspirations and reinforces the importance of education as a vehicle to empower the child to succeed beyond their wildest dreams.” The statement read.

Every Child and student between the ages of 6 –12 years are legible to participate in the game.

The idea is to enable the participant to improve their intelligent quotient and unleash the genius in them. The game will be played as a blend of quizzes containing spelling Bee and Arithmetic questions.

The children that answer the questions correctly within the one-minute stipulated timeframe will be rewarded with cash prizes.

Commenting on the initiative, Funwa Akinmade, Head, Retail and SME Banking, Unity Bank, said the One Minute Genius gameshow is a participatory learning and reward contest aimed at motivating students towards subject mastery using a branch of reinforcement model.

Akinmade urged parents and guardians to avail their wards the opportunity to participate in the competition.

In previous editions of Children’s Day engagement, the Bank hosted students of Kings College Lagos and held Spelling BEE competition to promote financial literacy, leadership, and advocacy against anti-social behaviour among youths.


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CBN Says Claims of N2,000, N5,000 Banknotes in Circulation Fake

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Central Bank of Nigeria (CBN) on Sunday, denied videos and pictures of the purported circulation of N2, 000 and N5,000 banknotes in the country.

CBN Says Claims of N2,000, N5,000 Banknotes in Circulation Fake

The apex bank in a tweet via the official Twitter handle are warned false and fake.

CBN called on Nigerians to disregard claims of such banknotes and urged members of the public to report anyone found in possession of such to law enforcement agencies.

Recall that in 2013, the CBN under the leadership of Sanusi Lamido Sanusi had said it was going to introduce a N5,000 banknote into the country.

Recently, the social media was abuzz after aman reportedly visited a bank and deposited the sum of N17m with yet to be designed or released N5000 and N2000 naira notes.

In accompany video, a lady could be heard in the clip, revealing how the man stormed the bank with the bundle of new 5000 and 2000 naira notes to deposit it.

 

 

 


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CBN Revises Timelines for ATM Dispense Errors, Refund Complaints

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Central Bank of Nigeria (CBN) has revised timelines for reversals and/or the resolution of refund complaints on electronic channels, with effect from June 8, 2020.

CBN Revises Timelines for ATM Dispense Errors, Refund Complaints

Mr. Godwin Emefiele, CBN governor

This is to further enhance service quality, particularly quick refunds when customers experience failed transactions, ATM dispense errors or disputes.

Isaac Okorafor, director, Corporate Communications of the apex bank said on Sunday that failed ‘On-Us’ ATM transactions (when customers use their cards on their bank’s ATMs) shall be instantly reversed from the current timeline of three days.

“Where instant reversal fails due to any technical issue or system glitch, the timeline for manual reversal shall not exceed 24 hours.

“Refunds for failed ‘Not-on-Us’ ATM transactions (where customers use their cards on other banks’ ATMs) shall not exceed 48 hours from the current three to five days.

“Resolution of disputed/failed PoS or Web transactions shall be concluded within 72 hours from the current five days.”

He added that all banks had been directed to resolve the backlog of all ATM, POS and Web customer refunds within two weeks starting June 8, 2020.

Meanwhile, key service providers in the Nigerian payments system have also committed to establish an integrated dispute resolution platform for the industry and enhance their payment system infrastructure and processes to reduce incidences of transaction failure.

Okorafor requested bank customers to refer to the updated Guidelines for the Operation of Electronic Payment Channels on the Bank’s website (www.cbn.gov.ng) for further details.

 

 

 


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