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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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BUSINESS

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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BUSINESS

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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Aviation

Passengers Commend Integrity, Professionalism of Dana Air Security Team

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Passengers have commended the integrity and professionalism demonstrated by the Dana Air security team on discovery of valuable items forgotten onboard its aircraft

The airline in a statement issued by its Media and Communications Manager, Kingsley Ezenwa said, ‘we are not surprised by the recent commendations that our security team has been getting on their constant display of integrity and professionalism on and off the job.

‘’There have been many cases of lost and recovered items like phones, ipads, huge sums of money, Nigerian passports with valid visas and lots of valuable items. We have also returned a lot of missing foreign and Nigerian passports to the immigration, embassies and even sometimes call the owners in the cases where we are able to track the passenger’s booking with authentic details. This is also one of the reasons we advise passengers to enter their correct details when booking.’’

Recently, a passenger on one of our flight from Abuja to Lagos left a bag containing $5,000 and some other valuables. On getting to Victoria Island, he noticed he wasn’t with the bag and dashed back to the airport, met the security team who confirmed the item was found. He proved ownership of the item; completed necessarily documents and got his missing item back immediately.

He thanked the security team for displaying a high level of integrity and professionalism in handling an issue that involved hard currency. He also appreciated the staff for proving all the negative things they hear about Nigerians wrong.

Another passenger, Musa Anasemi, who forgot a Nigerian passport with a valid US visa, said he didn’t have an idea where he left the passport, but after about nine days, he decided to check with us. He got his passport with gratitude and praises for the airline and the security staff that found the item and declared it.

We carry out our due diligence in recruitment across board and have invested heavily in training and retraining of staff. We also try our best to keep staff happy in our little way and these are the results.

We are also glad that our staffs have been able to prove to the world that some of the things they hear about us around the world are actually not true. The safety, comfort and well-being of our guests will remain a top priority and we will continue to keep the flag flying.’’

In 2018, Dana Air had 34 of its air passengers’ luggage missing with 32 of them recovered between January and December of same year according to a report obtained from the Nigerian Civil Aviation Authority (NCAA).

The airline’s security team have been commended for not only displaying integrity but for foiling series of security threats to its aircraft.

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