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Keystone Bank empowers youths and business start-ups  

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Fastest growing financial services provider, Keystone Bank Limited, has again demonstrated its commitment towards the empowerment of MSMEs & youths in entrepreneurship by launching a capacity building Masterclass to empower entrepreneurs with the requisite skills for business growth.

 

The maiden edition of the Masterclass tagged ‘Spark Up Your Brand’ held in Lagos recently. This training which also aligns with the bank’s Corporate Social Responsibility (CSR) objectives was targeted at delivering top-of-mind value propositions to enable the entrepreneurs position their brands for profitability.

 

Speaking at the event, the divisional head, marketing & corporate communications of Keystone Bank, Mrs. Omobolanle Osotule said: “Unemployment persists because young people have been denied opportunities to grow their passions into thriving business ventures.

 

“At Keystone Bank, we recognize that to have a healthy nation and a thriving economy, we must create a positive mind-set amongst the youths and provide them with the basic tools to start & grow their own businesses.

 

“Therefore, the idea behind ‘Spark up your brand’ is to trigger a fresh approach to self-development and leverage business insights for growth.

 

“There are so many challenges associated with birthing a business in the country but by plugging into the ideas and experiences shared by experts in the industry at this Masterclass, the minds of the youth have been exposed to cutting edge information on how to recognize opportunities , start & build their  businesses.  “Beyond the training, we also provide great support for youth businesses and hand hold them to nurture and grow the entrepreneurial ventures”, Osotule noted.

 

At the event, participants (startups) were taught on how to position their brands for business growth and investors.

 

Keystone Bank is a technology and service-driven commercial bank offering convenient and reliable solutions to its customers.

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Court Order: Fidson To Pay N4m Over Seizure Of Ex-Staff’s Certificate

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Fidson

Justice Abiola Adewemimo of the Benin Judicial Division of the National Industrial Court of Nigeria has ordered Fidson Healthcare Plc to pay the sum of N4 million to its former employee, Mr. Obateru Olufemi Abidemi, for illegally withholding his first-degree certificate despite asking for it to be returned to him.

Business Post reports that Mr. Abidemi worked with Fidson as a pharmacist for over two years and one of the conditions for getting the job in August 2007 was for him to deposit his Bachelor of Pharmacy degree certificate with the company.

Fidson Healthcare

However, trouble started after he resigned in December 2009 and his three letters to Fidson between 2013 and 2016 demanding the return of his original certificate were ignored.

This forced him to file a complaint before the court in January 2018, claiming his fundamental right had been violated by the defendant.

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He also said the refusal of the drug-making company has made him suffer psychological trauma, mental pains, distress, embarrassment, and inconvenience. He, therefore, asked the court to direct the company to return his certificate and pay him the sum of N5 million as general damages.

But Fidson, in its defence, denied all the allegations, saying it held the certificate because the claimant had outstanding indebtedness of N9.234 million after reconciliation of the accounts.

According to Fidson, on several occasions, the claimant sold goods to customers and refused to remit the proceeds to the company as a result of which, he was asked to proceed on two weeks suspension without pay with effect from July 7, 2009.

The company informed the court that on December 28, 2009, the claimant suddenly resigned his appointment without clearing the alleged debt, which the claimant denied.

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In her ruling, Justice Adewemimo dismissed Fidson’s counter-claim, emphasising that, “The refusal of the defendant to release to the claimant, his original Bachelor of Pharmacy certificate is unlawful.”

The judge further held that “The defendant is hereby ordered to within 72 hours of this judgment, release to the claimant, his Bachelor of Pharmacy certificate.

“The defendant is hereby ordered to pay to the claimant the sum of N4,000,000 (Four Million Naira) as general damages.

“All judgment sums awarded in this suit shall be paid within 30 days failure upon which it will attract a 10% interest per annum.

“A cost of N200,000.00k cost is hereby awarded against the defendant.”

 

Culled: Business Post

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Richard Quest Visit Management Of Fidelity Bank Plc

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CNN Anchor, Richard Quest (left) engaging with Managing Director/CEO, Fidelity Bank, Nnamdi Okonkwo on SME lending and leveraging digital channels to deepen financial inclusion in Nigeria… Monday

CNN Anchor, Richard Quest, paid a courtesy visit on the Management of Fidelity Bank Plc on Monday, February 12.

During the visit, he engaged the team on several issues including SME lending and leveraging digital channels to deepen financial inclusion in Nigeria.

www.theoctopusnews.com, presents pictures from the event.

(more…)

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3,000 Undergraduates Benefit From Fidelity Youth Empowerment Programme

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Fidelity Bank Plc, has trained over 3,000 undergraduates from various tertiary institution on skills acquisition through its youth empowerment programme. Nnamdi Okonkwo, the bank’s CEO made this disclosure Friday during the closing ceremony of the Fidelity Youth Empowerment Academy (FYEA) held at the Sokoto State University (SSU) in Sokoto.

“The students were drawn from the 5 institutions that have benefitted from the banks youth empowerment initiative that aims to teach vocational and entrepreneurship skills”, he stated.

Okonkwo who was represented by the Head, Corporate Social Responsibility (CSR) and Sustainability, Fidelity Bank, Mr. Chris Nnakwe called on Nigerian youths to embrace entrepreneurship and create wealth for themselves instead of searching endlessly for non-existing paid jobs.

Organised as part of the bank’s CSR intervention, Nnakwe pointed out that the programme now in its 7th edition seeks to empower the Nigerian undergraduate with skills and enterprise training, which are relevant for self-reliance.

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He stated that the bank had organised the programme in various institutions of higher learning including the University of Nigeria, Nsukka; Waziri Umar Federal Polytechnic, Birnin-Kebbi; Federal Polytechnic Oko, Anambra State; Rivers State University of Science and Technology, Port Harcourt; Bayero University, Kano and Nnamdi Azikiwe University, Awka.

For the Sokoto edition, Nnakwe stated the bank has expanded the scope of the programme in a bid to accommodate new areas of vocational training. Apart from the typical training on tailoring and make-up, he noted that participants were also provided with requisite skills and first-hand knowledge in Fashion Designing, Cloth Embellishment, Cocktail and Phone Engineering among others. “We in Fidelity Bank have targeted programmes on education, environment and youth empowerment. This one you are witnessing today is part of fulfilling our promises to the society,” Nnakwe said.

According to him, the youths were trained to acquire skills to enable them to become self-reliant and also make them employers of labours even while in school. He disclosed that at the end of the training, starter packs would be given to each participant to enable him or her to commence business.

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Speaking earlier at the opening ceremony, the Governor of Sokoto State Aminu Tambuwal, thanked Fidelity Bank for choosing the school for the programme. Tambuwal, stressed that as a responsible government his administration has prioritised the welfare of the youths in the state. He enjoined the participants to stay focused and concentrate in order to benefit from the training.

In the same vein, the Vice Chancellor, Sokoto State University, Prof. Sani Dangogo, thanked Fidelity Bank for the gesture, saying the training would go a long way in alleviating the financial burden of the students.

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