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Tag: Fidelity Bank

  • [Photo] Fidelity Bank’s Get Alert in Millions Promo Reloaded final prize presentation in Abuja

    Fidelity Bank Plc has presented cash and consolation prizes to winners that emerged at the 6th draw of the Fidelity Get Alert in Millions Promo Reloaded.

    In attendance at the event which took place at the Fidelity Bank Regional Office, Abuja on Wednesday, May 9, 2018 were the Deputy Managing Director, Fidelity Bank Plc, Mohammed Balarabe, Regional Bank Heads, Abuja 1 and 2, Hassan Imam and Halilu Malibu respectively, National Lottery Regulatory Commission officials, customers and members of the Press.

    See photo below:

    [Photo] Fidelity Bank’s Get Alert in Millions Promo Reloaded final prize presentation in Abuja
    Deputy Managing Director, Fidelity Bank PLC, Mohammed Balarabe (2nd R) presenting the star prize of N10 Million in the Fidelity Bank’s “Get Alert in Millions Promo Reloaded” to the prize winner, Bartholomew Nnalue, at the final prize presentation in Abuja on Wednesday (9/5/18). With them are Regional Bank Head, Abuja One, Hassan Imam (R) and Regional Bank Head, Abuja Two, Halilu Malabu.

  • Delta Assembly approves N600 million loan for Gov. Okowa

    Delta State House of Assembly on Tuesday approved the request of the State Governor Ifeanyi Okowa for a N600 million term loan facility from Fidelity Bank Plc.

    This, according to the governor’s aide who made this known, is to enable the State government meet its 50% counterpart contribution required to access the 2017 Sustainable Development Goals (SDGs) counterpart fund from the federal government.

    The request letter from the governor was read by Speaker Sheriff Oborevwori Tuesday’s plenary, and was approved after a debate of it by lawmakers.

    Earlier, Okowa has interfaced with the people of Warri North and South council areas in continuation of his town hall meeting programme designed to help his government’s planning process especially in area of budgeting.

    Addressing issues raised by various communities, Governor Okowa at the town hall meetings in Warri and Koko said his government is collaborating with relevant authorities to facilitate the dredging of Warri and Koko ports.

    While in Warri south, the attention of Governor Okowa was drawn to the abandoned Ugborodo new town housing unit, abandoned water project started by the Ibori administration, inadequate funding for DESOPADEC and the construction of network of bridges linking communities to Warri.

    The governor promised to give attention to the projects.

    In Warri North, the people asked for the completion of abandoned Koko stadium, rehabilitation and upgrade of Koko hospital, the understaffing problem of Iwere college, and the absence of government project in Egbema community.

    Governor Okowa in his response promised to take care of virtually all the issues raised and investigate the dormancy of Koko Water project, as well as the complaint of mismanagement of sand dredging machine procured by the council area during former Governor Emmanuel Uduaghan’s tenure.

     

  • Fidelity Bank partners SystemSpecs for Federal Collections via *770#

    Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data (USSD) channel (*770#).

    The bank said it is championing a groundbreaking innovation in the collection of internally generated revenue (IGR). It is working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita,

    According to the bank the solution, which is first of its kind in the industry is in response to some of the challenges faced by millions of customers when making their tax payments and remittance and the need for all tiers of government to provide convenient sources of revenue collection. This innovative solution, according to the Divisional Head, Retail Banking, Richard Madiebo, was developed with the average tax payer in mind. “This payment option is borne largely from our desire to always provide easy and convenient payment channels to the semi-formal and informal tax markets in Nigeria”, adding that tax payers can now make payment efficiently, thus leading to reduction of leakages in the system for both the State and Federal Government.

    He further said that customers should simply dial 770# on the phone linked to theirs accounts and then use their unique Remita Retrieval Reference (RRR) generated from the Remita platform, to make payments using the USSD code *770*RRR# and conclude their transactions.
    “Our operating model has always been to collaborate with forward-looking partners in the financial ecosystem, so that customers are able to consistently make smooth and convenient payments across diverse channels.” said Deremi Atanda, Executive Director at SystemSpecs.

    “Partnering with an institution like Fidelity Bank to ensure customers are able to make TSA and other payments on their innovative USSD platform is in furtherance of our corporate ideals and the bank’s quest for the delivery of easy and convenient banking services”, Atanda said further.

  • Fidelity Bank donates hospital equipment, renovate Maternity and Child Welfare Clinic in Bauchi State

    Top Nigerian lender Fidelity Bank, is touching lives and impacting positively on communities, pan-Nigeria, with its Fidelity Helping Hands Project (FHHP); an initiative that enables the bank and its staff to carry out Corporate Social Responsibility (CSR) interventions.

    Last week it was the turn of a community in North Eastern part of the country to benefit from the bank’s corporate philanthropy initiative, when staff of the bank donated hospital equipment and renovated a maternity and child welfare clinic in Kofaran, Bauchi State.

    The renovated health centre was unveiled by the bank’s Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo in a ceremony that attracted people from the host communities and environs. Okonkwo who was represented by the Regional Bank Head, North-East Region, Fidelity Bank Plc, Dr. Musa Tarimbuka noted that the Bank takes great pride in entrenching the culture of true and responsible citizenship among its staff.

    The Bank Chief said government alone cannot solve all of societal problems and called on private sector organisations and corporate bodies to lend their support to government, particularly as it relates to the provision of basic infrastructure and social amenities.

    “Giving is a culture at Fidelity Bank and we will continue to encourage this. Under the FHHP initiative, the bank matches 100 percent whatever amount that is contributed by staff to fund CSR projects of their choices. This project was funded by the combined contributions of individual staff members of Bauchi Main Branch of Fidelity Bank” he stated.

    Also speaking at the event, Chairman, State Primary Health Community Development Agency, Bauchi State, Adamu Ibrahim Gamawa commended the laudable effort of Fidelity Bank. He noted that the bank is an exceptional organisation which has subsequently made it a duty to positively impact on the societies where they have presence.

    “Corporate and non-governmental organisations must emulate the pace setting initiative of Fidelity Bank towards promoting societal development” Adamu said.

    The ceremony also witnessed the presence of Alhaji Nuru Adamu Jumba; Chiroma of Bauchi who also extoled the bank and promised to ensure that the centre is properly maintained. Under the Fidelity Bank Helping Hands Project, the bank has commissioned quite a number of very impactful projects across all the geo-political zones of the country this year.

    The long list of projects funded by the individual contributions of staff members, matched 100 percent by the bank include the ‘Back to School’ Project in Adamawa State, Yola, the ‘Back to School’ project in Maidugari, Borno State, renovation of the school for the blind, deaf & dumb in Yelwa, Bauchi State, provision of In Information Communications Technology (ICT) Centre in Girls Secondary School, Mabushi, Abuja and the construction of a motorized borehole in Hope for Survival Orphanage Home Gishiri, Abuja amongst others.

  • Fidelity Bank To Empower MSMEs In Anambra State

    Fidelity Bank To Empower MSMEs In Anambra State

    …Partners Obiano administration

    Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo has disclosed plans to partner with the Anambra State government in renewed efforts to assist and grow the Micro Small and Medium Enterprises (MSMEs) in the state. This move perhaps, is driven by the increasing role of MSMEs in the transformation of economies.

    Okonkwo who made this known at a breakfast meeting of the Nigerian American Chamber of Commerce (NACC) held recently at the Intercontinental Hotel, Lagos described Anambra as a unique state that boasts of thriving commercial cities such as Nnewi and Onitsha among others. He noted that the Bank was well positioned to provide support to businesses that empower the citizens and boost the economy of the State.

    Providing valuable insights into Fidelity Bank’s unique approach to supporting MSMEs in the country, the Fidelity boss said that the lender established the Managed SME Division to provide one-on-one advisory access to market for its teeming customers. “We want to guide aspiring entrepreneurs on how to run successful businesses. Our goal is to build requisite capacity in order to create the Aliko Dangotes’ of tomorrow”, he added.

    Speaking in the same vein, the Executive Governor of Anambra State, Willie Obiano, said his state provides substantial opportunities for attracting investment in Nigeria. Obiano who was represented by his Deputy, Nkem Okeke said “Indeed, I have absolutely no doubt that any objective assessment of all the 36 states of the federation would put Anambra as the state that has the greatest chances of producing the most surprising development results in the next five years,” the Governor said.

    He explained that he inherited a state with an average ambition which later transformed to a giant investment magnet through his government’s strategic re-focusing and commitment to excellence. “What is widely accepted today as the Anambra Investment Success Story is essentially driven by the resolve of my administration to open a new vista of excellence for Ndi Anambra,” Obiano said.

    “It is a product of a bold determination to change the story of our people and to replace our single story with multiple stories. To the grace of Almighty God, our story has become multi-textured and multi-layered today. He further stated that the government’s “exploits in this regard can be broken down into the Four Pillars in our Blueprint. Thus, we have investments covering the broad areas of Agriculture, Industrialisation, Trade and Commerce and Oil and Gas.”

    Earlier, the President, Nigerian-American Chamber of Commerce, Olabintan Famutimi, commended the Governor for setting up the Anambra State Investment Promotion and Protection Agency (ANSIPPA), which he credited for “creating the desired enabling environment in the State to attract the huge investments so far recorded and potentially to be recorded across diverse economic sectors and value chains, particularly in agriculture. This is worthy of emulation by other States.”

    He disclosed that the NACC has been declared an African Growth Opportunities Act (AGOA) Resource Centre by the US Government, qualifying them to undertake trainings and pledged the preparedness of the Chamber in collaboration with the US Commercial Service and USAID to train the State’s entrepreneurs.

    However, he urged the Governor to embrace AGOA, the free-duty export to America programme of the US Government which will exponentially grow the businesses of MSMEs in the State, increase export of Made-in-Anambra goods, and increase IGR for the government.

  • Alleged hidden N249.6b: Fidelity, Skye, Sterling banks clear air, say we are not involved

    Sequel to A Federal High Court ruling on Thursday ordering seven Nigerian banks to remit to the Federal Government $793,200,000 (about N249,659,700,000.00) allegedly hidden with them in breach of the Treasury Single Account (TSA) policy, Fidelity, Skye and Sterling banks has cleared the air in an official statement, saying they were not involved in such deal.

    TheNewsGuru.com reports that a vacation judge, Justice Chuka Obiozor, made the interim order following an ex parte application by the office of the Attorney-General of the Federation (AGF).

    The judge warned that the remittance order would be made permanent on August 8, unless cause was shown why it should not.

    The AGF, through his counsel, Prof. Yemi Akinseye-George (SAN), accused the commercial banks of illegally keeping the sums in their custody for “unknown government officials”.

    Justice Obiozor ordered the banks to remit the money to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria (CBN).

    The banks are United Bank for Africa (UBA), Diamond Bank Plc, Skye Bank Plc, First Bank Limited, Fidelity Bank Plc, Keystone Bank Limited and Sterling Bank Plc.

    However, in a statement, Charles Aigbe, Divisional Head of Brand and Communications, said Fidelity Bank had no role.

    The statement said: “Our attention has been drawn to media reports stating that Fidelity Bank illegally concealed $24.5m in contravention of the Federal Government’s Treasury Single Account (TSA) policy, citing court papers filed by the Office of the Attorney-General of the Federation at the Federal High Court in Lagos today (yesterday).

    “Please note that at the commencement of the TSA policy all TSA related accounts held by the bank were fully disclosed to the authorities.

    “We do not have any TSA related account with a balance of $24.5m in Fidelity Bank which has not been remitted to the authorities.

    “This matter is coming to us as a surprise. We are therefore reaching out to the Office of the Attorney-General of the Federation to ascertain which account or parastatal they are referring to with a view to carrying out a detailed reconciliation.”

    Accordingly Skye bank in a mail sent to TheNewsGuru.com by its Head, Strategic Brand Management and CommunicationSkye Bank’s, Nduneche Ezurike clarified that the said funds are held with the full knowledge of the relevant Agencies of the government including the Central Bank of Nigeria (CBN), the DSS, the National Assembly and the Inspector General of Polices’s Special Investigation Panel, with whom we have engaged extensively over same.

    “The management of Skye Bank hereby states that it neither colluded nor unilaterally hid the reported sum or any other funds in its custody. ”

    “We wish to inform our numerous stakeholders that Skye Bank is a law abiding institution and will, therefore, not conduct itself in breach of the laws or policies of the government, including the TSA policy.” The stament reads.

    In a similar vein, Sterling Bank’s Chief Marketing Officer Brands and Communication Group Henry Bassey, said there is “no hidden NAPIMS and NPDC funds in Sterling Bank”

    The statement added: Our attention has been drawn to reports of an order by the Federal High Court sitting in Lagos on Thursday 20th July 2017mandating Sterling Bank Plc to remit the sum of US$46.5m (Forty Six, Million, Five Hundred Thousand United States Dollars Only) to a designated Federal Government Asset Recovery Account with the Central Bank of Nigeria.

    “The sum in question supposedly represents undisclosed qualifying funds under the Federal Government’s Treasury Single Account (TSA) policy illegally kept by the National Petroleum Investment Management Services (NAPIMS) and Nigerian Petroleum Development Company (NPDC).

    “We wish to state unequivocally that Sterling Bank does not hold any sum in any currency as a deposit from either of these entities.

    “We have therefore written formally to the Office of the Accountant General of the Federation (AGF) demanding a clarification of this claim and a correction in the interest of the general public.“

     


  • Fidelity debit cards now open for international transactions

    Fidelity Bank Plc, one of Nigeria’s foremost financial institutions has announced resumption of international transactions on debit cards and raised the monthly international spend limit on its Naira Visa Credit and Debit Cards to $1,000. The move is in response to customer needs and the improved foreign exchange liquidity in the banking system, a fall-out of various economic recovery measures put in place by the Central Bank of Nigeria (CBN).

    “We are pleased to remove the restrictions on International transactions on Fidelity Visa Naira Credit and Debit Cards. It was important for us to take advantage of the slight ease in sourcing foreign exchange to do this in order meet with the yearnings of our teeming customers” said Nnamdi Okonkwo, Fidelity Bank CEO.

    Specifically, the Bank in a message to customers at the weekend, said that international transactions on Fidelity Visa Naira Credit and Debit Cards will be subject to the following limits: “ Visa Naira Debit Cards (POS/Web only) equivalent of $1000 only; Visa Naira Credit Cards (ATM/POS/Web) equivalent of $1,000 only”.

    Fidelity Bank explained that the window of opportunity with international transactions is only available to Visa Naira Credit and Debit Cards and reminded customers that charges on credit cards are dependent on the acquirer and ATM used whilst POS/Web purchases attract no charges. “We encourage customers to always insist on being billed in the currency of the county in which the purchases are made especially, POS payments in order to avoid attracting additional charges” Okonkwo further stated.

  • Youth Empowerment: Fidelity Bank, Empretec collaborate to train youths on entrepreneurship

    Consistent with its commitment to build the next generation of sustainable Nigerian businesses, Fidelity Bank Plc, top Nigerian lender in strategic partnership with Empretec Nigerian Foundation has just concluded a graduate entrepreneurship training programme for 200 youths in Cross River State.

    This initiative is part of the next phase of the Bank’s entrepreneurship support interventions for State governments and Micro Small Medium Enterprises (MSMEs).

    The Bank Managed SME Division through its Youth Entrepreneurship team has put in place a programme for identifying and building young and budding entrepreneurs who will become tomorrows’ big SME customers.

    Organised under the auspices of the United Nations Conference on Trade and Development (UNCTAD), the week-long training programme was designed strategically to provide vivid insights into the theoretical and foundational knowledge required to manage sustainable businesses.

    Speaking at the opening ceremony of the graduate entrepreneurship programme held in Calabar, Cross River State, the Bank’s CEO, Mr. Nnamdi Okonkwo said that the programme is aimed strategically at helping young entrepreneurs build capacity needed to own and manage successful businesses.

    Okonkwo who was represented by the Bank’s Group Head, Specialised SMEs, Mr. Ndubuisi Onuoha said, “The idea is to inculcate in youths the entrepreneurship spirit that will enable them establish on their own and eventually become employers of labour instead of roaming about the streets looking for white collar jobs that do not exist.”

    Onuoha advised participants to remain focused and take advantage of the knowledge and skills provided by the workshop to live out their dream of becoming successful entrepreneurs.

    Speaking in the same vein, the Founder of Empretec and wife of former Governor of Cross River State, Mrs. Onari Duke, enjoined the beneficiaries to put to good use the knowledge and skills acquired to internalize and maximize the opportunities being offered by the federal and state governments.

    Duke applauded the relentless effort of Fidelity Bank particularly with regards to empowering entrepreneurs in the country. She also urged other Private sector organisations and corporate bodies to borrow a leaf from us, adding that they should support government’s effort to grow the Micro Small Medium Enterprise (MSME) landscape particularly in the area of funding.

    A flagship capacity-building programme of the United Nations Conference on Trade and Development (UNCTAD), Empretec is aimed at promoting entrepreneurship and Micro, Small and Medium Enterprises (MSMEs) with a view to facilitating sustainable development and inclusive growth.

    Present at the opening ceremony of the Empretec training workshop were Peter-Egba-Commissioner for Trade and commerce, Ignatius Atsu; Director General Microfinance and Enterprise Development Agency (MEDA); and Catherine Ogim, Senior Special Adviser to the Governor on Microfinance and Enterprise Projects.

  • Fidelity Bank SME Forum: Mo Abudu gives success tips for young entrepreneurs

    Fidelity Bank SME Forum: Mo Abudu gives success tips for young entrepreneurs

    The Chief Executive Officer of Ebony Live TV, Ms. Mo Abudu has advised young entrepreneurs to always remain focused on their goals.

    Abudu, gave the advise on Tuesday when she featured on the Fidelity SME Forum on Inspiration FM, Lagos, that was moderated by the Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo.

    According to the multi-talented Executive Producer, young entreprenuers must also have a plan of what they want to achieve, stressing that such plan must be realistic.

    “It is important to look at Nigeria as it is today as a market and find those opportunities for what they can create within the reality of the market as it is today. I find often that the business ideas that the millenials have may not be grounded in reality of the times that we find ourselves in, and it is important that your ideas are grounded.

    “That is the most important piece of advise I can give to any entreprenuer. You must make sure your ideas are grounded, make sure they are realistic and you must be able to execute them. Why are they going to switch to your channel? Why are they going to buy your product or your service? What makes you different? What makes you unique?

    “Those are the things that any business person needs to identify, looking at the existing business opportunities in their area. What is it that you are coming up with? Is it art, music or fashion? All these exist. But what is going to make the difference is the added advantage you are bringing to the market and the extra value,” she explained.

    Abudu described the Fidelity SME forum as fantastic platform for young entreprenuers because it gives them the opportunity understand issues such as how to start their business.

    “By speaking to those that have experienced life in business, learning from them and learning from their mistakes. Every business person, including myself, must have made mistakes which the young ones can learn and avoid.

    “This forum helps us to understand the key principles that supports businesses. We all need to engage to be able to have an understanding of what is happening in business to succeed. That is why the Fidelity SME Forum is important,” she added.

    Okonkwo recently reiterated the bank’s resolve to support operators in the entertainment industry. According to the Fidelity Bank boss, when Fidelity Bank decided to play in the SME, its management developed a strategy about how to add value to the sector.

    “For about seven years now, our strategy has been to focus on segments. A lot of people get entertained by musicians, they see people in the movie industry and get entertained. But we as bankers, we look at the business components of what people do and how to transform those talents into business,” he said.

  • Fidelity Bank wins 8 awards with its ‘Tough Job’ Campaign at LAIF

    …awards received by CEO, Nnamdi Okonkwo

    The Chief Executive Officer, CEO of top Nigerian lender, Fidelity Bank, Mr. Nnamdi Okonkwo was last week presented with the 8 awards won by the Bank’s ‘Tough Job’ campaign at the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF).

    Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design & Art Illustration whilst the Bank’s logo unveil took home a Bronze in the Radio category.

    Fidelity Bank’s (Our Word) campaign won Bronze in Radio under the Investment & Other Financials products category whilst ‘Tough Job’ picked bronze each for “Best Use of Film Editing” and Film prize, under the Bank & Investment category.

    Speaking in Lagos, when the awards were presented to him at the Bank’s corporate Head Office, Mr. Nnamdi Okonkwo who dedicated the feat to the Bank’s esteemed customers said “to be recognized at LAIF validates the hard work that we have put into the development and execution of our new corporate identity”.

    According to Okonkwo, the new identity reinforces its overall transformation and also strengthens its focus on the youth segment and overall service excellence. He pointed out that the lender has not only raised the bar in the area of customer service delivery but also remains focused on attaining its renewed vision of becoming a vibrant and millennial brand. “We are highly delighted to share this success with our agency, 7even Interactive, who led the creative effort and worked with us throughout the rebranding process,” he said.

    Produced in Nigeria, the campaign’s multi-dimensional application has been trending on the social media and other platforms. The ‘Tough Job’ campaign brings to the forefront the arduous responsibilities the Bank owes its teeming customers. It underscore’s Fidelity Bank’s preparedness to run through ‘brick walls’ in the pursuit of positive and long lasting solutions to the banking and financial needs of the people.

    Also speaking, the Chief Operations Officer, 7even Interactive, Mr. Taiwo Agboola said, “We appreciate the opportunity you’ve given us to show our creativity. We are delighted to continue to push boundaries, working with the Fidelity brand”.

    TheNewsGuru.com reports that the award winning ‘Tough Job’ Campaign was shortlisted at the last African Cristal Festivals Awards held in Marrakech, Morocco. However, it is significant because Fidelity is the first Nigerian Bank to have its work shortlisted for this award.