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YEA5: Fidelity Bank Empowers Over 200 Youth With Entrepreneurial Skills In Kano State

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Consistent with its unbridled commitment to youth empowerment in Nigeria, Fidelity Bank Plc, in partnership with Gazelle Academy and Bayero University Kano at the weekend concluded an entrepreneurship training programme for over 200 students in Kano State.

Organised under the Fidelity Youth Empowerment Academy stream 5 (YEA 5), the week-long training programme seeks to equip undergraduates with requisite skills, know-how, and capabilities needed to take start businesses even whilst in school.

Participants received training in various skill areas including, Fashion Designing, Makeover, Henna Design, New Media Marketing, Baby Bag Making, Bead Making, etc.

This empowerment programme, which is part of our Corporate Social Responsibility (CSR) initiatives, is primarily targeted at creating a new breed of entrepreneurs amongst Nigeria’s boisterous youth population.

Speaking at the closing ceremony of the fifth edition of the YEA 5 held in Kano State, the bank’s Deputy Managing Director, Mohammed Balarabe said that the skills acquisition programme seeks primarily to offer undergraduates of tertiary institutions with vocational skills and enterprise training needed to become thriving business owners.

Also Read:  TONY ELUMELU FOUNDATION ANNOUNCES 3,050 ENTREPRENEURS SELECTED FOR THE 5th CYCLE OF THE TEF ENTREPRENEURSHIP PROGRAMME

Whilst stating that the programme teaches students vocational skills as an alternative to white-collar jobs, Balarabe explained that the initiative will guarantee financial independence among the youths and ultimately alleviate poverty.

“Since its inception, four editions have held successfully at institutions in Enugu, Birnin Kebbi, Anambra and Rivers states with over 2,000 participants. In essence, we have succeeded in making entrepreneurs out of students who will be financially responsible and independent”, he said.

Balarabe commended the students for their commitment and performance during the course of the training programme. The DMD while quoting John Maxwell said, “Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” He challenged the students to go out there and fulfill their dreams.

The Director, Public Affairs of BUK, Malam Ahmed Shehu who commended Fidelity Bank for the initiative called on other corporate organisations to emulate the bank in giving back to the society through laudable youth empowerment programmes like YEA5. Shehu also lauded the bank for consistently delivering unmatched financial services to the university community and the citizens of Kano State.

Also Read:  Agbaje, GTBank Lead African Banker Nominations.

Speaking in the same vein, Muna Onuzo, Founder, Gazelle Academy thanked the participants for their zeal and active participation as evidenced by the number of things ranging from bags, clothing apparels, beadworks, cocktails that were made by them and on display for visitors who thronged the school to witness the closing ceremony.

“We give our students the ability to stand and build their business. We start by teaching them the skills of the trade and then we empower their mind so that the inner disabilities won’t limit them from actualising their true potential. We also teach students how to run a business that is clean, sustainable and viable,” she explained

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Tony Elumelu Donates Technology Centre to AAU  

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Chairman of UBA Group, Tony O. Elumelu, has  made the donation of a multipurpose information technology centre to his alma mater, Ambrose Ali University.

 

Through the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc (UBA), Elumelu has championed the construction of a state-of-the-art multipurpose information technology building, which will benefit the  students of Ambrose Alli University in Ekpoma, Edo State. The hall, to be named The Tony O. Elumelu multipurpose hall, is furnished with computers, desks and chairs, measures 839 square meters and has adjoining offices and conveniences.

 

Elumelu highlighted his motivation: “Education is crucial to Nigeria’s human capital – whether our young people join our national institutions, the private sector or, as I did, take the entrepreneurial path, no one can afford to be cut off from the digital world. It has been a personal mission to ensure that the hall was delivered to specification, for the benefit of the students at the AAU. Success brings with it the duty to give back, and I am just grateful that I am now in a position to meaningfully help the next generation”.

 

The multipurpose hall was formally handed over to the University, at a ceremony attended by members of the University’s governing council and staff, led by Vice-Chancellor, Prof Ignatius Onimawo.

 

Speaking at the commissioning, UBA’s Directorate Head, South Bank, Mr. Chris Ofikulu, who represented the UBA Group Chairman, highlighted the contribution of UBA, through its Foundation, to education and development across Africa.

 

‘As a pan-African bank, operating in 20 countries across our continent, UBA is committed to being a socially responsible institution, and a role model for businesses in Africa. The UBA Foundation actively promotes the socio-economic improvement of the communities in which UBA operates, with a particular emphasis on development in the areas of “Education, Environment, and Economic Empowerment”. We believe in intervening and building capacity within communities, facilitating projects that will act as catalysts for social and economic development’ he stated.

 

“Tony Elumelu is a product of this great university and is conscious of the need to give back and there is no substitute for world class educational infrastructure, and this is what has informed the construction of these facilities, that will help equip the future leaders of our great nation Nigeria.” he said.

 

The AAU Vice Chancellor, Prof Ignatius Onimawo, who expressed his heartfelt gratitude towards the gesture by the UBA Group Chairman, noted that one of the most pressing needs of the University for 2020 had been met, and thanked UBA and Mr Elumelu.

 

He challenged students to make proper use of the facilities provided by UBA, and to ensure that they emerge great leaders and mentors like Elumelu, whose commitment to catalysing entrepreneurial growth across Africa, through the Tony Elumelu Foundation, and institutionalising African philanthropy, had created a strongly positive role model. ‘We at Ambrose Ali university are so proud of our son Tony Elumelu and every time we see him doing good across Africa, we feel joy and accomplishment’ said Onimawo.

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Also Read:  Fidelity Bank opens 2019 strong, posts solid Q1 results
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Nigerian Access Bank Breaks Into Cameroonian Market

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Nigerian banking group Access Bank just created a subsidiary in Cameroon. With an initial capital of about XAF14.5 billion, the new subsidiary’s headquarters will be in Douala, Cameroon’s economic capital. 

The administrative board of this subsidiary is constituted of seven members with only one Cameroonian, the legal notice published for the creation indicates. These members are Patience Melone, Iyabode Soji-Okusanya, Fatai Oladipo, Abraham Aziegbe, Ibukunoluwa Odegbaike, and Elliz Nzo Azu.

Created for a duration of 99 years, the bank has chosen Price Water House Coopers as its external auditor and will operate in the management of current accounts, savings collection, checks payment and credit granting.

As required by the rules in force, the launch of Access Bank Cameroon’s activities in Cameroon is still subject to the issuance, by the Ministry of Finance and the banking commission COBAC, of various legal notices and authorizations to the bank’s shareholders.

If it succeeds in launching its subsidiary in Cameroon, Access Bank Plc will become the 16th commercial bank to operate in the country and will meet one of its compatriots, United Bank of Africa (UBA), on that market. Let’s note that it is entering the Cameroonian market some years after the departure of another Nigerian group, Oceanic Bank International namely.

Some years ago, Oceanic Bank International took over 54.5% of Union Bank of Cameroon’s (UBC) assets saving it from bankruptcy. However, in 2011, Ecobank had to buy Oceanic Bank International’s assets in UBC, which is a well-rooted bank in the Anglophone regions of Cameroon.

Let’s note that last January 15, 2019, Access Bank Plc’s executive director Victor Etokwu announced that apart from the Cameroonian subsidiary, the banking group would create subsidiaries in two other African countries this year. The banking group will then have 18 subsidiaries in Africa.

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Also Read:  GTBank is ‘Best Corporate Governance, Africa’ for 2015 by Ethical Boardroom
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GAIM 4 DRAWS: 13 New Millionaires Emerge In Fidelity Bank’s Savings Promo, Begin 2020 On A Happy Note

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L-R: Head, Savings, Fidelity Bank Plc, Janet Nnabuko; Divisional Head, Brand & Communications, Fidelity Bank Plc, Charles Aigbe; Executive Director, Shared Services & Products, Fidelity Bank Plc, Chijioke Ugochukwu; Regional Bank Head (RBH), Lagos Island, Fidelity Bank Plc, Obiajulu Okafor; Head, Lagos Office, Consumer Protection Council (CPC), Sussie Onwuka; during the third monthly draw of the Get Alert in Millions (GAIM) promo season 4 in Lagos on Tuesday.

Thirteen lucky customers of Fidelity Bank Plc have started the new year on a strong note having emerged millionaires in the third monthly draw of the Get Alert in Millions (GAIM) promo season 4 in Lagos on Tuesday. The bank also rewarded loyal customers with cash prizes worth N16 million in the categories of N2 million and N1 million respectively.

The electronic raffle draw, which was held at the bank’s Broad Street Branch, Lagos Island was witnessed by the relevant regulatory bodies including the National Lottery Regulatory Commission (NLRC), Lagos State Lotteries Board (LSLB) and Consumer Protection Council (CPC). Lucky customers who emerged winners in the draw cut across all regions of the country.

The winners include: Dare Abiodun Emmanuel; Ugwu Philomena Nneka; Chinenye Catherine Olunna; Egberi Agbarha Kelvin; Ivang Stanley Oham; Chinelo Loveth Egbuchunem; Dare Abiodun Emmanuel; Itabiyi Gbolahan Olakunle Hassan & Adejoke Jokotade; Larei Chindo; Chigozie Darlington Emoka; Khadijah Umar; Muazzam Ad Maizare; Isabella Chekwube Uche; Omolade Bamitale Olatawura.

Others are Joseph James Abah; Oghenetega Emmanuel Erus; Blessing Chidinma Okafor; Loveline Uche Okonkwo; Nafisat Ali Lawal; Comfort Ita Asuquo; Mohammed Halima Sadiya, amongst others. The bank doled out 19 consolation prizes in form of fridges, television sets and power generating sets.

Also Read:  UBA DOMINATES AT GLOBAL BANKING AWARDS IN LONDON, WINS IN 5 CATEGORIES

Speaking during the event, Managing Director/CEO, Nnamdi Okonkwo, noted it is the bank’s 9th promo in 12 years whilst adding that a total of N16 million and 19 consolation prizes will be given out at the third draw. Okonkwo who was represented the Executive Director, Shared Services and Products, Chijioke Ugochukwu, further added that the draw will see a total of N50 million in cash and 54 consolation prizes to over 93 winners.

“We would have given out a total of N50 million in cash and 54 consolation prizes to over 93 winners. We expect more winners to emerge at subsequent draws because the promo is still on and in addition to the N50 million that we will be giving out, we still have N70 million and several consolation prizes yet to be won”, he said.

Also Read:  Fidelity Bank MD, Nnamdi Okonkwo, Restates Commitment to Excellent Customer Experience

Shedding light on how people can qualify for the draw, Head, Savings group, Fidelity Bank Plc, Janet Nnabuko, stated that both existing and new customers can win by simply topping their account with N10,000 for existing customers or someone opening a new account and building it up to N20,000.

She further disclosed that to qualify for the star prize of N3 million one needs to build his account to N50,000 while aspiring for the grand prize of N10 million, one only has to grow his account to N200,000.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 5 million customers that are serviced across its 250 business offices and various digital banking channels. The bank focuses on select niche corporate banking sectors as well as Micro Small and Medium Enterprises (MSMEs) and its currently driving its retail banking businesses through its robust digital banking channels.

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