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125 YEARS ANNIVERSARY: FIRSTBANK HOLDS RELAY WALK, PLEDGES COMMITMENT TO TEAMWORK, SERVICE DELIVERY, VALUE CREATION

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By Eric Elezuo

Nigeria’s premier Bank, First Bank of Nigeria Limited, has reiterated its commitment to continue to provide quality services to its over 15 million customers, create value and exhibit wholesome teamwork and coordination among its staff.

The remark was the collective stand point of the Bank’s principal officers as it held a 125 kilometres Relay Walk to celebrate the bank’s 125 years of uninterrupted existence as a heavyweight in the financial industry and general corporate world.

The walk which took place simultaneously at major FirstBank stations across Nigeria, was described as a significant activity to prove that achievements involve everyone committing his own quota for the common good of the whole organization.

Speaking at the Mobolaji Bank Anthony, Ikeja branch of the bank, which hosted one of the walks, FirstBank’s Executive Director, Corporate Banking, Dr. Remi Oni, stated ‘that it takes collaboration, working together, teamwork, empowering ourselves to be able to achieve what we have’.

He pointed out that everyone else’s tiny bit of cooperation contributes to what the Bank has achieved.

He also said that the exchange of baton is “significant in the sense that it suggests that the present group has done their part and has passed on to the next generation that will continue the milestone achievements the bank is known for.”

The walk moved to the headquarters at Marina where the leadership and customers of the bank assembled.

In his speech, the Bank’s Chief Executive Officer, Dr. Adesola Adeduntan, said the bank remains committed to value creation and effective service delivery to all stakeholders in the years ahead.

He said the bank would continue to provide standard services and products to its customers and stakeholders for value creation to maintain its market share.

“What we intend to deliver to them will go up in terms of quality and in terms of value,” he said.

Adeduntan reiterated Dr. Oni’s stand that the Relay Walk was very significant because it shows greatness and synergy.

He explained that the 125km was a representation of the collaborative effort of not just FirstBank but all its entities in the last 125 years.

“The 125km is a mark of our incredible journey of delivering impeccable financial services to our customers as we leave no stone unturned to remain an icon of admiration in today’s financial services industry in Africa.

“The Relay Walk is very significant and symbolic.

“It’s symbolic because it’s a collaborative efforts, not just FirstBank’s but other operating entities within the FBNHoldings family.

“We came together to organise a relay and the significance is when you think of a relay, when you think of 125, if you want to run a relay of 125 on your own as an individual you can get tired but when you collaborate, together you can achieve it.”

Adeduntan said the walk signified power synergy, noting that the leadership of the institution had moved from individual to individual, generation to generation in the last 125 years.

“What we are doing is to pass on the baton of this relay to the next generation of our staff,” he said.

In his remarks, the Group Managing Director, FBN Holdings Plc, UK Eke, said the Bank has been able to create a network of partners in the last 125 years.

“What we have been able to achieve today by the Relay Walk is to create a network of partners.

“No other institution in Nigeria has achieved this and we belong to a unique club globally of those that have clocked 125 years and more and we are proud of this day.”

Eke said the passing of baton shows that the bank has come to stay with successive leadership team, team spirit, innovation and self-development.

The Bank’s Chairman, Mrs Ibukun Awosika, on her part, said the bank would continue to be the number one in the industry with long enduring legacy of value creation.

“If you had the kind of legacy we have had, we are 125 years, you can only look forward to the future.

“When you remember that the only way you can have the opportunity to celebrate 125 years today is because at different times, different generations from the least to the highest worker have added value and created value.”

Also speaking, the Group Head, Marketing and Corporate Communication, Mrs. Folake Ani-Mumuney, said the bank would remain committed to helping customers build and grow their businesses as it has been committed to creating value for 125 years and counting.

She said: “We will continue to partner with our regulators to make sure there is a strong robust financial services system in Nigeria.“

The anniversary celebration continues with more activities including a Jumat service on Friday, March 22, Church Thanksgiving service on Sunday, March 24 while a lecture will take place on Tuesday, March 26 with a prolific guest speaker, followed by a gala night.

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FBN Holdings Carrts Away World Finance Best Corporate Governance in Nigeria Award

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By Segun Lawal
FBN Holdings Plc has won the 2019 Best Corporate Governance in Nigeria Award organized by World Finance; the leading financial services group announced today.
The award ceremony was held recently in London Stock Exchange studio by World Finance, renowned for its comprehensive coverage and analysis of the financial industry, international business and global economy.
The annual event is usually organised against a backdrop of a comprehensive analysis of the very best across various areas of business endeavours in each market around the world.

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UK Eke, Group Managing Director, FBN Holdings Plc receiving the Best Corporate Governance in Nigeria award on behalf of FBNHoldings from Paul Richardson, Producer, World Finance at the World Finance Awards 2019 held in London Stock Exchange Studio, London recently.

Elated to receive the award on behalf of FBNHoldings, UK Eke, Group Managing Director of the finance house said; “receiving this award from World Finance basically tells us two things. One: it’s an affirmation of what we are doing in corporate governance, beyond the giant strides we’re making in financial performance. So we see this as an endorsement of the brand, and it’s a bragging right for us. Because again, there are very few institutions in Nigeria that have benefited from this award. We are truly proud to receive this award.”

Since 2007, World Finance has been celebrating corporate achievement, innovation and brilliance in their annual awards.

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Tony Elumelu Foundation Hosts European Commission, Leading Development Finance Institutions and Think Tanks in Brussels

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At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case study session in the EU capital, Belgium. The convening demonstrated that Africa also had solutions to bring to the table and platformed the Foundation’s unique approach to catalysing entrepreneurship in scale across the continent.

Themed “A Convening on Africa’s Economic Transformation: A Case Study of the Tony Elumelu Foundation”, the event presented the results of the first five years of the Foundation’s Entrepreneurship Programme a unique programme, which has trained, mentored and seeded 4,470 African entrepreneurs with 3,050 newly announced to receive seed funding, and drawn over 200,000 applications to its 2019 cycle. Tony Elumelu’s $100m investment in entrepreneurial philanthropy was held up as an example of how vital capital could be targeted efficiently and effectively, at African businesses best able to create significant economic and developmental impact.

Opening the event, Mr. Koen Doens, Deputy Director General, DEVCO, EU, said: “Africa needs to create jobs by the millions to match the needs of its exponentially growing population. It will achieve this only if it unleashes a generation of empowered entrepreneurs. The Tony Elumelu Foundation contributes to this massively. The European Union wants to play its part and contribute to this endeavour.”

During an indepth question and answer session with EU-Africa relations expert, Annie Mutamba, Founder, Mr. Tony O. Elumelu CON, highlighted the growing interest in the Tony Elumelu Foundation and its unique approach, while welcoming a new type of intervention in Africa. “We very much believe in collaboration, mutual respect and a shared commitment to transform Africa. Africa is ready but we need to do this through the right sustainable manner, that enables our people to become self-reliant, and independent, instead of perpetuating dependency. We need to implement practical solutions on ground through entrepreneurship, which empower people economically and addresses issues of extremism, migration, and insecurity.”

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L-R: Carl Michiels, Director, European Centre for Development Policy Management (ECDPM); Former Prime Minister of Benin, HE Lionel Zinsou; Bruno Wenn, Former CEO/Chairman at DEG-German Investment and Development Company, and Advisory Board Member, Tony Elumelu Foundation; Minister Phillippe De Backer, Minister for Digital Agenda, Telecommunications and Post; and Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation.

Minister Phillippe De Backer, Minister for Digital Agenda, Telecommunications and Post, Belgium, also commented: “There is an increasing desire in Europe to engage Africa, including its grassroots in a structure and targeted approach with the right processes. The Tony Elumelu Foundation offers this platform.”

The Tony Elumelu Foundation, which last month in March announced 3,050 selected entrepreneurs for its 2019 cycle, continues to grow in scale, ambition and impact, and now actively leverages technology to support entrepreneurs through TEF Connect – a digital hub designed to link entrepreneurs across Africa, and which already has 500,000 users.

On the Foundation’s future plans, he stated: “We want to make sure that we impact more, reach more, touch more lives and get more women involved. We want to see more Northern Africa participation. We would like to reach 10,000 a year, with support from partners to empower additional entrepreneurs. We want to eradicate poverty and create wealth in a sustainable way. Ultimately, \we want a larger and broader entrepreneurship ecosystem, that supports young Africans, and we want to deepen our engagement with government to create the enabling environment to support these Africans to succeed – the right investment climate, training, education, access to capital and most importantly creating the right investment culture.”

Other dignitaries at the event included: Carl Michiels, Director, European Centre for Development Policy Management (ECDPM); Bruno Wenn, Former CEO/Chairman at DEG-German Investment and Development Company, and Advisory Board Member, Tony Elumelu Foundation; Mr Viwanou Gnanssougou, Assistant Secretary General, African, Caribbean and Pacific (ACP) at the European Council of the European Union, and Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation.

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Firstbank Commemorates Global Money Week Empowering Over 7000 Students

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By Segun Lawal

Nigeria’s innovative financial powerhouse, First Bank of Nigeria Limited, commemorated the 2019 Global Money Week (GMW) themed “Learn Save Earn”, 25 – 31 March joining over 50,000 global institutions to mark the event.
Representatives of FirstBank imparted nuggets of financial literacy to over 7000 students in schools spread across the 6 geo-political zones of the country which is also in line with the mandate of the Central Bank of Nigeria (CBN) that each bank in the country teach in selected schools across the 6 geo-political zones. Among the schools visited by FirstBank include the CEO school: Fiwasaye Girls Grammer Sch. Alagbaka Akure.
According to the official website of Global Money Week (GMW); “Child & Youth Finance International (CYFI) initiative, is an annual financial awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship” which is akin to FirstBank’s commitment over the years to encourage its key stakeholders, customers, to imbibe savings culture whilst having their children also carried along on the essence of savings through its youth focused products, KidsFirsts (0 – 12 years) and MeFirst (13 – 17 years) carefully designed to meet the financial targets of the given demographics. These accounts ensure the accounts holders acquire the rudiments of banking and financial literacy as they grow into adulthood and they both come with exciting packages to support the financial journey of the children, enabling them learn money management from an early age.
The Global Money Week is in line with FirstBank’s FutureFirst programme, specially designed to equip students with the knowledge of money management, early entrepreneurship skills, and financial independence whilst stimulating in them savings culture at an early age. Commemorating the Global Money Week is consistent with the Bank’s financial literacy initiatives.
Speaking on the Global Money Week, Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited said “interestingly the Global Money Week coincides with the month of the bank’s 125th anniversary celebration which indeed has been filled with activities of telling our story to the world, thereby promoting the need for efficient financial decisions as not just an individual but a business entity. The FirstBank story is one to be exemplified by all, especially the youth at promoting good money decisions towards business sustainability. .
“As the premier financial institution in Nigeria, we are committed to continually promote financial literacy amongst the younger generation as with them, the future of the country is secured, and they would be knowledgeably equipped and guided to make the right financial decisions, critical to improving their lives and venture into the right business activities, consequently influencing the economy.

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