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Firstbank: The Embodiment Of Corporate Responsibility And Sustainability

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Who should corporate responsibility and sustainability lessons be taken from? Some companies are still unclear about the concept but latch onto the sustainability mantra anyway because it has become a marketing buzzword for business. Or a company through whose creed and deeds, over the many decades it has been around, people can see corporate responsibility and sustainability lived (first) and preached (subsequently)?

 

If the above set of questions constituted a question in an examination hall, it would be one of the easiest of questions to answer. Not one person would fail it. Outside the examination hall, the answer to this question that seems as easy and simple as the question of 2 + 2 may not be as easy and simple. It may be complicated by all the cleverly arranged noise and claims projected at people to make it difficult for them to see and accept the obvious.

 

So, it is incumbent on people who know and care enough (like this writer), to keep stating and restating the obvious. This is in the hope that doing so would help others to take full cognizance of the obvious and not allow themselves to be bamboozled by images without substance and rhetoric without pedigree.

 

The concept of corporate responsibility and sustainability is not about the clever or manipulative use of marketing buzzwords by corporate citizens. It is about impact, net positive impact, in the lives of real, not imagined, people through the deliberate and well-planned activities of socially-responsible corporate citizens.

 

Even if history is no longer taught in most schools in Nigeria, the records are there. The records show that Nigeria has been blessed to have stood by her, at all times, a corporate citizen which understands the concept of corporate responsibility and sustainability.

 

This corporate citizen has been standing by Nigeria before the country’s founding, through its amalgamation, Independence, and all the conflicts and crises Nigeria has gone through and still faces. Today, corporate citizen still stands by Nigeria.

 

First Bank of Nigeria Limited, a lender of unmatched pedigree, a bank with a history of unparalleled support to Nigeria and Nigerians (right from the colonial era to date, even serving as Nigeria’s central bank at some stage of our national development), has been a corporate citizen like no other.

 

A brand that has backed innumerable groundbreaking projects across Nigeria and beyond, FirstBank has demonstrated that real impact that can be seen and felt by all, and not mere marketing buzzwords, is the real measure of an institution’s understanding of corporate responsibility and sustainability.

 

It is incontrovertible that whichever way corporate responsibility and sustainability is understood or defined, FirstBank is sure to tick all the boxes. Just name every parameter for assessing a company’s efforts in corporate responsibility and sustainability and match each against what FirstBank has been doing. Is there any parameter that FirstBank has not surpassed?

 

FirstBank has been living corporate responsibility and sustainability for most, if not all, of its existence as a going concern. Knowing it cannot do it alone, the bank has also devoted resources to efforts that will enable it to preach or pass the message so other corporate citizens, groups, and individuals will emulate it.

 

One platform the bank has used effectively for this purpose is its Corporate Responsibility and Sustainability (CR&S) Week. The CR&S Week is a full working week that the FirstBank Group, in-country and across the world where it operates, dedicates to the promotion, execution, and celebration of social responsibility initiatives.

 

The Sustainability Week also includes a huge kindness campaign to reorient citizens towards the right values and reignite acts of kindness in society. It is only one of the many ways FirstBank is living true to its brand promise to always put customers first.

 

And Sustainability Week seeks to invite others (individuals and corporate citizens) to follow the bank’s example and begin to intentionally create a positive impact in their immediate communities.

 

From the inaugural edition in 2017, where the theme was “Promoting Kindness: Putting You First”, the Sustainability Week has helped to reinforce FirstBank’s role as a nation-builder that is driving sustainable development across the communities where it operates. It was an opportunity for the bank to encourage others (individuals and corporate citizens) to follow in its steps, even if all they can afford to take are small steps.

 

Taking small steps may have informed the choice of theme for the second edition of the Sustainability Week in 2018: “Touching Lives: You First”. The bank sought to debunk the notion that touching lives in meaningful ways and making an impact on society require big-ticket projects, whilst emphasizing the power in the little things people do and the small steps they take.

 

After all, is it not little drops of water that make a mighty ocean, as the saying goes? And does the journey of a thousand miles not begin with a (small) step, as another saying puts it?

 

Just take a look at SPARK (Start Performing Acts of Random Kindness), a values-based initiative that raises consciousness by promoting kindness to one another in society, which the bank started during the inaugural Sustainability Week in 2017.

 

Aimed at reinforcing FirstBank’s corporate culture of encouraging giving and volunteering among its staff and the larger society, its magnitude today and the many kind initiatives it has sparked off across the country could not have been imagined when the seed was planted five years ago. Incalculable manhours and financial resources from FirstBank staff and partners have been contributed willingly.

 

Children in orphanages, internally displaced persons (IDPs) in various IDP camps, widows, and other underprivileged or vulnerable groups have been visited and their challenges alleviated if not totally eliminated. Scores of career counseling sessions with secondary school pupils across Nigeria have also been organized as part of the Sustainability Week, which has been the first of its kind in Nigeria’s financial services industry.

 

In 2019, the third edition of the Sustainability Week with the theme: “Ripples of Kindness: Putting You First” enunciated the values (or pillars) of the SPARK initiative to include Compassion, Civility, and Charity. FirstBank believes that these values and the acts of kindness that flow as a result of embracing the values are critical to promoting and building peaceful co-existence and prosperity in society.

 

Among the key highlights of the 2019 Sustainability Week was “Nice Comments Day” which was a day set aside to foster words of encouragement, support, and kindness to people around one, regardless of one’s familiarity or close ties, in recognition of the instrumental role kind words play in lighting up people’s day and bringing out the best in them.

 

Another highlight was the SPARK School Engagement that promoted the SPARK initiative in schools, with the objective of embedding the values of SPARK amongst school children at a young age so the values become part of, and habitual to, them as they develop into adulthood.

 

Due to the COVID-19 pandemic and government-imposed lockdown, the year 2020 witnessed no edition of the Sustainability Week. Any attempt to stage the kinds of activities and events that usually accompany the Sustainability Week would have been counterproductive, spreading infections and possibly deaths instead of the kindness and joy that the Sustainability Week has become synonymous with.

 

However, FirstBank’s avowed commitment to corporate responsibility and sustainability would not allow it to fold its hands and just watch while COVID-19 and its debilitating effects tried to make living and learning difficult for most Nigerians.

 

Working virtually or remotely and, where it could not do otherwise, physically but in strict adherence to COVID-19 safety protocols, FirstBank executed several initiatives meant to ameliorate the very difficult situation in Nigeria then.

 

The bank contributed to efforts to provide palliatives to vulnerable Nigerians, announced a moratorium on repayment of loans, set up a special loan fund for businesses run by women, established another for school proprietors in collaboration with a state government, and drove an e-learning initiative that sought to move one million school children to a safe online learning platform so their educational progress would not be set back due to COVID-19 restrictions, government-ordered lockdown and the closure of educational institutions for the greater part of 2020

 

“Kindness: A Way of Life” was the theme for the fourth edition of the Sustainability Week held in 2021. Highlights of activities of the 2021 Sustainability Week, designed to entrench a culture of kindness, included a practical-oriented training webinar for staff to embed a culture of kindness in the bank by driving understanding of how kindness (or the lack of it) can impact the workplace, the marketplace and the communities in which staff live and work.

 

Another important feature of the Sustainability Week was the “Kind Comments Days” that ran all week to inspire a consciousness of kind choice of words and consideration for others. There was also a dedicated program in secondary schools designed to institutionalize SPARK by using school SPARK champions (including students and teachers) alongside other partners such as Junior Achievement Nigeria (JAN) and Lagos State government to inculcate the SPARK values in school children.

 

One other feature was the ground-breaking ceremony for the Lagos State government’s OCAAT (One Community At A Time) initiative to provide the Primary Health Care Centre at the Ijedodo community in Alimosho LGA. Set up as an initiative to improve the health and welfare of the members of various communities in Lagos State, FirstBank partnered with the government on the project as part of its contribution to global efforts to meet some specific Sustainable Development Goals (SDGs).

 

There were also webinars: a general webinar with the sub-theme: “Education: Does Kindness have a Role?”; and a millennial webinar with the sub-theme: “Making the Cyber World a Kinder Place” which sought to proffer solutions to the question of how people could become kinder on social media platforms.

 

All the past editions of FirstBank Sustainability Week highlight the longstanding and relentless commitment of FirstBank not only to continue to live but also to preach the message of corporate responsibility and sustainability.

 

Given its unmatched pedigree in corporate responsibility and sustainability, FirstBank has earned the right to address all other corporate organizations as well as individuals and groups on matters of sustainability. The bank has earned its right to the people’s audience.

 

It is against this backdrop that FirstBank’s forthcoming 2022 Corporate Responsibility and Sustainability Week should be welcomed by other banks and corporate citizens, irrespective of industry, as an opportunity to come together and take lessons from Nigeria’s foremost corporate citizen with regard to corporate responsibility and sustainability.

 

FirstBank does not consider itself too big to take lessons from other corporate citizens in areas where they have distinguished themselves. So other corporate citizens should not feel too big to take lessons from FirstBank in this area where the bank stands highly distinguished.

 

Or can anyone claim not to know that if the concept of corporate responsibility and sustainability were to be represented by one corporate citizen per country on a world map where countries are denoted by their foremost corporate entities, it is unarguable that FirstBank would be the company eminently representing Nigeria on that map?

BIG STORY

Coalition: Abuja Hotel Cancels Booking For Unveiling Venue, Opposition Politicians Kick

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Plans to unveil the African Democratic Congress as a united political front for the opposition were disrupted on Wednesday when the venue unexpectedly cancelled a fully paid reservation just hours before the event.

The event, which was set to take place at the Wells Carlton Hotel and Apartments in Asokoro, Abuja, was intended to officially present the ADC as the coalition platform to rival the ruling All Progressives Congress in the 2027 general elections.

However, the organisers were notified on Wednesday morning that the hotel would no longer host the programme due to an unspecified “internal compliance matter.”

A screenshot of the hotel’s message shared on Instagram by media personality and politician Dele Momodu stated, “Dear Esteemed Patron, Thank you once again for choosing the Wells Carlton Hotel and Apartments
We sincerely regret to inform you that due to an internal compliance matter that has just come to our attention, we are unable to proceed with hosting your scheduled event.
We are fully aware that the event is less than 24 hours away, and we deeply apologise for the timing and inconvenience this may cause.”

The cancellation sparked strong reactions from opposition leaders, with Momodu accusing the move of being politically motivated.

“The intimidation of opposition by a jittery government continues as the booking of a venue for the unveiling of the adopted party, ADC, by the coalition has been unilaterally and suddenly cancelled by the Management of the hotel due to what insiders described as fear of reprisals from APC operatives.
But this will not dampen the daredevil determination of opposition forces who are poised to hotly challenge the ruling party,” Momodu said.

In a statement included in Momodu’s post, Salihu Lukman, representing People and Passion Consult Ltd, criticised the hotel for breaching a valid agreement.

“This is unacceptable. Your management has no right to unilaterally sabotage a contract validly and legally agreed to and fully paid for. You must meet the terms of the contract fully by allowing the event to hold with full compliments of all the services agreed to. This is not negotiable,” Lukman said.

The unveiling was expected to bring together key political figures from different parties, including former Vice President Atiku Abubakar, former Senate President David Mark, and ex-governors Aminu Tambuwal, Sule Lamido, Liyel Imoke, and Sam Egwu.

Other expected attendees included Labour Party’s Peter Obi, former Kaduna State Governor Nasir El-Rufai, and former Minister Rotimi Amaechi.

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BIG STORY

JUST IN: ADC Faction Kicks, Rejects Adoption Of Party By Opposition Politicians

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A faction within the African Democratic Congress has opposed the decision by the opposition coalition to adopt the party.

In a statement released by Musa Isa Matara, the faction’s national publicity secretary, the group emphasized that the party is not a “private coalition platform” meant to be taken over by elite figures.

Matara said key party stakeholders—including state executives, youth and women leaders, and ward coordinators—were not consulted prior to the announcement.

“We warn those coming into the ADC as part of this imposed arrangement to tread carefully. Be mindful that some few individuals are attempting to sell out the soul of our party for personal gain,” the statement said.

“The ADC is not for sale. It belongs to its members, not political merchants or elite dealmakers.”

BACKGROUND

On Tuesday, a group of opposition politicians and some ADC members gathered in Abuja for a meeting.

Present at the meeting were former Vice-President Atiku Abubakar, David Mark, former senate president; Sule Lamido, ex-governor of Jigawa; Uche Secondus, former PDP national chairman; Babangida Aliyu, former governor of Niger; Sam Egwu, former governor of Ebonyi; Aminu Tambuwal, former governor of Sokoto; and Liyel Imoke, former governor of Cross River.

Following the meeting, the opposition figures adopted the ADC as their coalition platform and appointed Mark and Rauf Aregbesola, former Osun governor, as interim national chairman and secretary respectively.

Bolaji Abdullahi, a former sports minister, was named as the spokesperson for the coalition.

Responding to the development, Matara reiterated that party stakeholders—including the state executives, youth and women leaders, and ward coordinators—had been excluded from the process.

He stressed that while the party is not against a coalition, it stands firmly against “hijack and imposition”.

He added that the appointments had not been approved by either the party’s national executive committee or a national convention, rendering them invalid.

“The claim that the ADC has become the ‘platform of the National Opposition Coalition Group’ is misleading,” the statement continued.

“Our millions of members have not been informed or carried along in this so-called coalition.

“If anyone is attempting to force an opposition merger without grassroots consent, they are trampling on democratic ethics and party sovereignty.

“Let it be known to those who are trooping into our party under this chaotic coalition arrangement that the ADC has been battling unresolved legal crises since the 2023 general elections.

“These matters remain in court and unresolved. Any coalition attempt built on such shaky legal ground is irresponsible and potentially self-destructive.”

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BIG STORY

ADC Stakeholders Kick Against Aregbesola’s Emergence As Leader, Say “Our Party Not For Sale”

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Efforts by a coalition of opposition politicians operating under the African Democratic Congress (ADC) are facing resistance as a segment of stakeholders strongly rejects Ogbeni Rauf Aregbesola’s appointment as the party’s Interim National Secretary.

The group, led by the party’s National Publicity Secretary, Dr. Musa Isa Matara, issued a statement on Wednesday condemning what they described as the “attempted takeover” of the party by Aregbesola.

“We are not opposed to coalitions. We are not opposed to reform. But we are opposed to hijack, to imposition, and to speeches that sound revolutionary but hide elitist intentions beneath poetic language,” stated the stakeholders, which include women and youth groups within the party.

Matara emphasized that without a valid, constitutionally recognized ADC National Convention or National Executive Committee (NEC) endorsement, no one possesses the legal or moral authority to speak for the party at the national level.

According to the stakeholders, key figures such as the NEC, state chairmen, youth leaders, and elected national officers were not involved in the decision to name Aregbesola as the Interim National Secretary.

They argue that portraying the ADC as the “platform of the National Opposition Coalition Group” is misleading, asserting that millions of members were neither informed nor included in the decision-making process.

They stated, “If anyone is attempting to force an opposition merger without grassroots consent, they are trampling on democratic ethics and party sovereignty.”

The group further warned that those joining the party under the current coalition arrangement should proceed cautiously, citing ongoing unresolved legal disputes stemming from the 2023 general elections.

“These matters remain in court and unresolved. Any coalition attempt built on such shaky legal ground is irresponsible and potentially self-destructive,” they noted.

The statement added, “We warn those coming into the ADC as part of this imposed arrangement to tread carefully. Be mindful that some few individuals are attempting to sell out the soul of our party for personal gain. The ADC is not for sale. It belongs to its members, not political merchants or elite dealmakers.”

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