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Heritage Bank Empowers Elderly Caregiver with N15m in “The Next Titan Season-8”

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As part of its continued supports to Micro, Small and Medium Enterprises (MSMEs), Heritage Bank Plc, Nigeria’s most innovative Banking Service provider has again empowered an entrepreneur winner of The Next Titan Season-8 with sum of N15million.

L-R: Ozena Utulu, Ag. Group Head, Corporate Communications, Heritage Bank; Mide Akinlaja, Executive Producer of The Next Titan; Kyari Bukar Founder/CEO Trans-Sahara Investment; Winner of The Next Titan Season-8, Adausu Taiwo; Lilian Olubi, CEO, EFG Hermes Nigeria and Chris Parkes, Chairman/CEO, CPMS Africa, during the presentation of N15million prize at the grand finale of The Next Titan Entrepreneurial Reality TV show Season-8, headline sponsored by Heritage Bank Plc, held in Lagos recently.

Adausu Emuobo Taiwo, an expert in elderly care and the brain behind Teezee Elderly Care emerged the Winner at the grand finale of The Next Titan Season-8, held yesterday in Lagos.

Of the top 18 Contestants of the foremost Entrepreneurial Reality TV show tagged, “The Uncaged,” Taiwo competed with four others- Joy Badaki, Dolapo Quadri, Esin Mariah and Victor Emaye to emerge the Winner.

During the premiere of the over 20, 000 participants who applied, only 18 contestants emerged of the 75 who made it through auditions from six major cities in Nigeria which are Abuja, Kano, Port Harcourt, Enugu, Ibadan, and Lagos. After the Boot Camp the 18 who qualified made it into the Titan House for 10weeks to compete against top notch young entrepreneurs.

Meanwhile, top 1000 contestants with good business ideas, and those whose businesses are already registered, have been shortlisted for N3 million in funding from the Federal Ministry of Youth and Sports Development (FMYSD).

However, the Winner who highly commended the headline sponsor-Heritage Bank Plc for its continued support of entrepreneurs and sponsorship of the Next Titan, said, “Heritage Bank is an amazing bank that has stood strong on this show. My love for Heritage Bank stems from the fact that this support would provide Teezee Homes with the tools and resources to help older adults, as improved health and sanitary conditions have contributed to the rise in life expectancy.

Speaking at the Grand Finale, Ifie Sekibo, MD/CEO of Heritage Bank, stated that the partnership with entrepreneurs and MSMEs show the focus and strong belief of our enterprising brand in the strength of youths to possess the capacity to build a robust economy in Nigeria.

“The programme easily aligns with the primary focus of the management of Heritage Bank to promote every laudable entrepreneurial idea meant to broaden economic horizon of the country for the benefit of citizens and other residents” he said.

Sekibo represented by the Ozena Utulu, Ag. Group Head, Corporate Communications, assured the contestants of Heritage Bank’s readiness to leverage seamless support to the growth of their businesses.

According to her, our doors are open; we remain your Timeless Wealth partner.

He indicated that as a catalytic institution in the empowering of entrepreneurs in the micro, small and medium enterprises (MSME) sector, Heritage Bank has continued to make relentless efforts in this space to empower entrepreneurs in Nigeria through championing several empowerment initiatives.

The MD also encouraged the contestants to explore the eNaira option as it is something to look out for in the business world come 2022.

Speaking earlier, Mide Akinlaja, Executive Producer of The Next Titan, commended the headline sponsor- Heritage Bank and others for their partnership and support which have positively impacted on the generality of young people who have shared their testimonies regarding the programme causing a paradigm shift in their mind-sets to moving from Jobs -Seekers to Jobs-Creators.

The programme paneled by technocrats with a perfect blend of entrepreneurial requisite skills trained each participant on enriching, rigorous and intellectually learning journeys to equip them with the fundamental competencies required of seasoned entrepreneurs.

The weekly boardroom judges are from different spectrum of entrepreneurial fields – Kyari Bukar Founder/CEO Trans-Sahara Investment; Lilian Olubi, CEO, EFG Hermes Nigeria; Chris Parkes, Chairman/CEO, CPMS Africa and Tonye Cole, Founder, Sahara Group and a guest Judge, Mrs Olatorera Oniru, CEO, Olatorera Consultancy Ltd are top business personalists.

 


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E-Financial

NDIC, EFCC Begin Investigation of Directors, Staff of Heritage Bank

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Nigeria Deposit Insurance Corporation (NDIC) has said it will, in conjunction with law enforcement agencies, commence investigation of directors, managers and staff of the defunct Heritage Bank following its liquidation over a month ago.

NDIC, EFCC Begin Investigation of Directors, Staff of Heritage Bank

Mr Bello Hassan, managing director of NDIC, stated this at the 2024 capacity building workshop for law enforcement agencies on ‘Inter-Agency Collaboration in the Fight Against Financial Malpractices in Banks and Other Financial Institutions in Nigeria’ in Lagos yesterday.

Stating that, those behind the collar of the bank will be brought to book, Hassan, who was represented by Mr Bello Hassan, NDIC’s director, Corporate Communications,  noted that, through its collaboration with law enforcement agencies, 14 prosecution cases are ongoing at various courts, 18 ongoing investigation with FMIU, 8 with EFCC and 9:concluded investigations with Federal Ministry of Justice for advice and prosecution.

“The Central Bank of Nigeria recently revoked the banking licence of Heritage Bank PLC which may require you to be called upon to investigate some of the Directors, Managers and officers of this failed insured Institution with a view to bring to book those found culpable in the collapse of this institution.

“The Corporation as a key participant in the financial safety-net, has over the years taken the fight against insider abuses and financial malpractices in banks very seriously. As you all know, a safe and sound banking environment is an essential ingredient of financial system stability which of course is the bedrock for economic development of every nation.

“We are not unaware of the challenges of investigating and prosecuting financial malpractices and bank fraud cases but wish to urge you not to relent in your efforts and be rest assured of our unflinching support at all times,” he pointed out.

Hassan noted that, the theme of the workshop ‘Effective Collaboration as a strategy in the fight against insider abuses and financial malpractices in Banks and Other Financial Institutions in Nigeria’ was to re-echo its resolve to unite with law enforcement agencies in the “fight occasioned by the menace of insider abuses and financial malpractices which is a major cause of bank failure, and if not tackled is  capable of eroding public confidence in our banking system.

“Consequently, and in line with Article 12 of the Core Principles of Effective Deposit Insurance which provides for every Deposit Insurer to put in place the necessary mechanism of bringing to book parties found culpable in the failure of their bank or financial Institution.

“It is for this reason that the NDIC has been consistent since 2012 in organising this workshop to sharpen the skills of law Enforcement operatives and Officers from Regulatory Agencies that are involved in the investigation and prosecution of bank Directors, Managers and staff of banks involved in malpractices and insider abuses that might have led to the collapse of their banks or financial Institutions.

 

“Change is the only constant thing in life. Most changes in human endeavours come through developments in sciences, technology or innovation. As the banking system is rapidly evolving with new innovations, it is clear that a new phase of financial technology driven economy is currently reshaping the global financial services space.

“With this development, the criminally minded users of the banking system including the notorious ‘’cyber criminals’’ are busy perfecting their misplaced skills and that is why workshops like this are necessary to enable law enforcement officers to understand, accept and adapt to the dynamic operating environment.”

 

 

 

 


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E-Financial

PalmPay Makes Payment Easier with Zero Bank Transfer Fees on All Transactions on the Fintech App

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In its continued drive to financial inclusion across Nigeria, leading fintech company PalmPay, continues to give its users unlimited free transfers to all banks. This feature which was introduced earlier in the year has been allowing users to make transfers to all banks within the country without incurring any bank fees.

Chika Nwosu, PalmPay’s Managing Director, stated: “We are committed to ensuring smooth and easy transactions with our free transfer feature. This shows our dedication to providing accessible and affordable financial services to our over 30 million users and every Nigerian. We believe everyone should have access to affordable financial services.”

PalmPay is dedicated to driving economic empowerment in Nigeria by offering top-tier products such as money transfers, bill payments, credit services, and savings through its app and mobile money agents. Users can send and receive money seamlessly, pay bills effortlessly, shop with ease, and earn discounts and cashback while performing these transactions.

By eliminating transfer fees to all banks on its app, PalmPay has empowered its millions of customers to enjoy endless fund transfers to family and friends, pay their bills seamlessly, and manage their finances more effectively.

PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment in Africa. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians. With this, we are able to drive financial inclusion.

PalmPay offers money transfers, bill payments, credit services, and savings on its app and via its mobile money agents. Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 30 million app users as part of its cashless payment ecosystem.


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eTranzact Powers Military Pensions Board’s New Digital Verification System

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eTranzact, innovative financial technology solutions company, has announced its role as the technology solution provider for the Military Pensions Board’s new digital verification system for military pensioners, officially launched on July 1, 2024.

eTranzact Powers Military Pensions Board’s New Digital Verification System

In a press statement, the company said that the initiative marks a significant milestone in leveraging technology to streamline pension verification processes and enhance the welfare of military retirees across Nigeria.

It also stated that, with Federal Government approval, the Military Pensions Board is transitioning from traditional physical verification methods to an advanced electronic system developed and deployed by eTranzact.

“This transition aims to minimise travel risks, reduce transportation costs, and accommodate the advanced age of many pensioners.”

According to the statement, Air Vice Marshal Paul Irumheson, chairman of the Pension Board, said the necessity of this transition to electronic verification is crucial for the safety and convenience of military pensioners.

“This innovative solution will ensure that retirees can verify their status from anywhere in the world, significantly reducing the burden of travel and associated risks.

“The successful pilot exercise conducted between February 15 and March 1, 2024, demonstrated the efficiency and reliability of the new system. In addition to developing the verification system, eTranzact has managed salary payments for other government agencies.

“The implementation of this electronic verification system is a critical step towards ensuring foolproof and seamless payment processes within the Military Pensions Board.

“The Minister of State for Defence, Dr Bello Matawalle, and the Chief of Defence Staff, General Christopher Musa, have endorsed the electronic verification exercise, recognising its potential to revolutionise the military pensions system.”

The statement further explained that the “key benefits of the digital verification system include enhanced security by reducing the risk of identity fraud and impersonation, convenience by allowing pensioners to complete verification from their homes, cost efficiency by eliminating the need for travel, and accessibility by accommodating pensioners residing both within and outside Nigeria.

On his part, Niyi Toluwalope, chief executive officer of eTranzact, expressed enthusiasm concerning the partnership for digitalized pension processes.

“We are honoured to collaborate with the Military Pensions Board on this transformative project. At eTranzact, we are committed to harnessing the power of technology to solve critical challenges and improve the quality of life for Nigerians. This digital verification system affirms our dedication to innovation and excellence,” the statement reaffirmed.


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