Connect with us

E-Financial

FirstBank Rewards Customer with Car in Verve Card Campaign Finale Promo

Published

on

Kindly share this post

The First Bank of Nigeria Ltd. has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand new car.

The 14-week promo in partnership with Verve was designed to reward Verve Card customers for their continued usage and adoption of the card for various digitally driven transactions.

The bank had given out the sum of N50 million to 2,631 cusromers in the promo and other prizes including cash, airtime, power generating sets, refrigerator, cooking gas and television sets.

Speaking at the prize presentation on Friday in Lagos, Mr Chuma Ezirim, FirstBank’s Group Executive, E-Business and Retail Products, said that the aim of the promo was to appreciate the bank’s over eight million Verve Debit Card holder.

“We have given out over N50 million worth of prizes to 2,631 customers including the grand prize of a brand new car to be given out today.

“Other prizes given out during the promo were: N50,000, N20, 000 and N10, 000 cash prizes, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas and television sets.

“We are excited at the response of customers to the promo and encourage the continued usage of the Verve Card as it is a card offering that promotes safe, convenient and rewarding digital banking service to customers,” he said.

Ezirim said that the bank would continue to provide the best financial services possible through its versatile products, services and initiatives to customers.

He added that the bank continue to engage in the right collaborations that would put its customers first.

Also speaking, Mrs Folasade Femi-Lawal, Head Card Business, FirstBank, described the promo as `unique and first of its kind’ across the industry in a long while.

Femi-Lawal said, “While other banks share out items, Verve and FirstBank decided to reward her esteem customers with a brand new car aside the other things.

“We started industry wide for eight weeks and then by popular demand and with the support of management of FirstBank and Verve, we decided to extend by six weeks, so the entire promo ran for 14 weeks.

“In the course of this, we had 800 winners who won N10, 000 cash, 800 winners won N10, 000 airtime, we also had 800 winners that won N20,000, 100 customers won N50, 000 cash, 40 customers went home with gas cookers, 30 customers went home with brand new refrigerators, 30 customers won 32 inches television sets, 30 customers went home with brand new generators and finally a grand prize winner.

“What is actually germane about this particular winner is to underscore FirstBank support and Verve to SMEs and businesses,” she said.

Mr Vincent Ogbunude, Divisional Chief Executive Officer of Verve, said that the company would continue to focus on providing secure and innovative payment solutions to its customers.

“But beyond this overarching goal of ours, we are also committed to creating on the look customer experiences to our card owners, those that have chosen us as their preferred option for cards and we look to rewarding them for their loyalty.

“This is the reason behind this collaboration with FirstBank to do this national consumer promo and today, we will be taking the excitement a notch higher with the presentation of the gifts items.

“FirstBank and Verve have had a unique partnership and we believe that this is just one of the many initiatives that we will carry out and this is underpinned by our common desire to give the best experience to customers and to reward them for patronage,” Ogbunude said.

The star prize winner, Animasaun, thanked FirstBank and Verve for finding him worthy to be the winner of the grand prize.

“This car that has been given to me today is a surprise to me because I didn’t expect it, when they contacted me, I thought it was a scam, until my wife asked me to go to the bank and verify after receiving series of calls.

“When I got to the bank I was congratulated for winning a car. I thank FirstBank so much,” he said.

The News Agency of Nigeria (NAN) reports that the representatives of the National Lottery Commission, Federal Competition and Consumer Protection Commission (FCCPC) and the Lagos State Lotteries and Gaming Authority, witnessed the grand finale. (NAN)


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Financial

Lagos State Appoints MoneyMaster as Payment Partner for “Ounje Eko” Programme

Published

on

Kindly share this post

“Ounje Eko”, the food price discount initiative of the Lagos State Government, has appointed leading payment service bank, MoneyMaster Payment Service Bank Limited (MMPSB), as its collaborator in the bid to ensure ease of payments at the market.

MoneyMaster is one of the Central Bank of Nigeria-licensed Payment Service Banks (PSBs) to promote financial inclusion across Nigeria.

Under the partnership, MMPSB will apply its cutting-edge payment solution to engender easy payment and reconciliation in order to make   the experiences of Lagosians who will be getting their food supplies from the markets pleasurable. Its payment solution is also all-encompassing and ensures real time value to payment destinations.

The mobile bank was appointed as the collection and payment partner for “Ounje Eko” Food Markets programme which is a government initiative serving the five divisions of Lagos State. Consequent on this, MoneyMaster Payment Service Bank will collect payments in 57 LCDAs in the state.

The partnership gives credence to the quality of payment solutions that MoneyMaster is reputed for in its services to its growing business clientele in private and public sectors.

 


Kindly share this post
Continue Reading

E-Financial

CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering

Published

on

Kindly share this post

Central Bank of Nigeria (CBN), is investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion.

CBN, EFCC Probe Banks, Firms over Alleged Forex Racketeering

The  inquiry follows an extensive audit by Deloitte, which scrutinized $7 billion in dollar debts accumulated under the bank’s previous leadership.

In the aftermath of the 294th Monetary Policy Committee meeting in Abuja, Yemi Cardoso, governor of CBN,  disclosed to journalists that the investigation, supported by the Economic and Financial Crimes Commission, among other security bodies, aims to clarify the legitimacy of these FX allocations identified as problematic by the audit.

“It was determined that a number of these transactions did not qualify…they were outright illegal. The law enforcement agencies are now looking into those transactions that as far as we are concerned, are not valid to be paid,” Cardoso detailed, emphasizing the unlawful nature of these forex deals.

The crux of the investigation lies in the audit findings that a significant portion of the scrutinized transactions lacked proper documentation and, in many instances, were deemed outright illegal.

However, the unfolding investigation has raised concerns within the organized private sector, with some entities contemplating legal action against commercial banks for unresolved forex bids.

Despite these tensions, Governor Cardoso reassures that the foreign exchange market remains open and transparent, inviting stakeholders to address their forex needs through the official channels.

Furthermore, Cardoso clarified the distribution of fertilizers to farmers as a one-off measure and not indicative of a shift back to direct interventions by the CBN, underscoring a commitment to strategic, regulatory governance rather than direct market involvement.

 

 

 

 

 

 

 

 


Kindly share this post
Continue Reading

E-Financial

CBN Urges Banks to Expedite Action on Recapitalisation

Published

on

Kindly share this post

Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite action to increase their capital base from the current ₦25bn.

CBN Urges Banks to Expedite Action on Recapitalisation

Olayemi Cardoso, governor of CBN

Olayemi Cardoso, governor of CBN, stated this during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) on Tuesday in Abuja, when the MPC hiked the interest rate by 22.75% to 24.75%.

The apex bank chief said the MPC examined developments in the banking sector and expressed satisfaction that the industry remained stable. The committee, however, said to guard against risk, commercial banks in the country should accelerate their recapitalisation efforts.

Cardoso said, “The MPC also reviewed developments in the banking system and noted that the industry remains safe, sound, and stable. The committee thus called on the bank to sustain its surveillance and ensure compliance of banks with existing regulatory and macro-potential guidelines.

“The MPC also enjoined the banks to expedite actions on the recapitalisation of banks to strengthen the system against potential risks in an increasingly globalised world.”

 

 

 

 


Kindly share this post
Continue Reading

Trending