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Firstbank Wins Best Bank In Nigeria And Best Bank In Digital Transformation Nigeria 2022

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Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world markets, investing opportunities, industry analysis and so much more. All content is dedicated to the global investment community that wants to take a step ahead.

The bank was recognized with the Best Bank in Nigeria 2022 award for its leadership role in promoting financial inclusion in Nigeria which has been integral to improving lives and stimulating businesses of individuals across the country.

Also, the Best Bank in Digital Transformation was awarded to FirstBank in recognition of its continued efforts at reinventing its digital banking channels which have been central to reinforcing the Bank’s leading role in promoting a cashless society in the country whilst putting customers at an advantage in enjoying a secured and seamless digital banking experiences. The Bank’s digital banking channels include; its recently unveiled fully automated branch (FirstBank Digital Experience Centre), *894# USSD banking, FirstMobile, First online, and WhatsApp banking amongst others.

Expressing delight at the Bank’s performance. Ms. Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications First Bank of Nigeria Limited said: “We thank International Investor Awards for the recognition, whilst dedicating these awards to our esteemed customers spread across the world for their unflinching patronage of our services through our 128 years of existence.

As a bank that is woven into the fabric of society, we remain committed to ensuring that our customers enjoy safe, secure, and advanced financial services as they seamlessly carry out their banking transactions on the go, irrespective of where they are,” she concluded.

In the 2021 financial year, the Bank received similar recognitions. A few of these are Most Innovative Retail Banking App Nigeria 2021 by Global Banking and Finance Awards; African Bank of the Year 2021 & Innovative Banking Product of the Year 2021 by African Leadership Magazine Awards; Best Internet Banking Nigeria 2021 by International Business Magazine; Best Financial Brand 2021 by Global Brands Awards.

Others are Best Consumer Digital Bank 2021 by Global Finance; Alternative Delivery Channel of the Year 2021 by BusinessDay Banks and Other Financial Institutions Awards and 2nd Most admired financial services Brand in Africa by Brand Africa.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for 128 years.

With over 750 business locations and over 150,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has an international presence through its subsidiaries, FBNBank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra Leone, and Senegal, as well as a Representative Office in Beijing.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 10million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on the FirstMobile platform.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management, and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatization and commercialization schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, with an internationally competitive world-class brand, and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners, and stakeholders at the heart of our business, even as we standardize customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership, and people, to position You First in every respect.

BIG STORY

Nnamdi Kanu Seeks Transfer From DSS Custody To National Hospital

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The Federal High Court in Abuja will today (Monday) hear an application filed by Nnamdi Kanu, detained leader of the proscribed Indigenous People of Biafra (IPOB), seeking transfer from the custody of the Department of State Services (DSS) to the National Hospital, Abuja, for urgent medical attention.

The motion, filed on September 3 by Chief Kanu Agabi (SAN), followed what Kanu’s lawyers described as a “worrisome decline” in his health while in detention.

Vacation judge, Justice Musa Liman, had earlier granted leave for the case to be heard during the court’s annual recess, stressing its urgency.

In a supporting affidavit, Emmanuel Kanu, the IPOB leader’s brother, said recent medical tests revealed kidney and liver complications, dangerously low potassium levels, and a swelling under Kanu’s armpit requiring immediate investigation.

Agabi told the court that doctors led by Prof. Austin Agaji had advised Kanu’s transfer to the National Hospital as an interim step. He noted that letters to the DSS on the issue had not been answered.

“The applicant’s health is seriously deteriorating considering the nature of his confinement,” Agabi argued, adding that granting the transfer would not prejudice the DSS.

Kanu has been in DSS custody since 2021 following his arrest in Kenya and repatriation to Nigeria. He is currently facing terrorism-related charges before Justice James Omotosho of the same court.

A bail application filed in May is still pending. The court is expected to hear arguments from both sides before ruling on the transfer request today.

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World Bank, IMF Forced Nigeria To End Petrol Subsidy — Femi Falana

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Human rights lawyer Femi Falana (SAN) says the federal government’s removal of petrol subsidies was not a domestic policy choice but a condition imposed by international lenders.

Speaking on Sunday Politics on Channels Television, Falana argued that no country in the world has fully abolished subsidies.

“Even the United States, the United Kingdom, France and others subsidise electricity, agriculture and many aspects of people’s lives,” he said.

Falana accused the World Bank and the International Monetary Fund (IMF) of pressuring Nigeria to scrap the policy.

President Bola Tinubu announced the end of petrol subsidy during his inauguration on May 29, 2023, alongside a foreign exchange market unification policy. Both measures triggered record inflation and worsening living standards.

Falana also warned against the federal government’s plan to introduce a five percent fuel surcharge, urging it not to worsen economic hardship. He said existing laws already mandated a fuel levy, but funds were never remitted to the Federal Roads Maintenance Agency (FERMA).

Between 2007 and 2011, Falana said FERMA confirmed it received nothing despite deductions from petrol sales.

“By 2022, even the Senate confirmed that over one trillion naira was owed to FERMA. Before introducing new levies, the government must explain what happened to those earlier deductions,” he said.

Falana also called for an end to the dollarisation of the economy, stressing that rejecting the naira remains a criminal offence.

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Peter Obi Visits Olubadan-Designate Ladoja, Says Nigeria’s History Is Incomplete Without Ibadan

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Peter Obi, the Labour Party (LP) presidential candidate in the 2023 election, says Nigeria’s history cannot be written without Ibadan, the Oyo state capital.

Obi stated this on Sunday during a visit to Rashidi Ladoja, the Olubadan-designate, at his Bodija residence.

He praised Ibadan’s central role in Nigeria’s political and socio-economic development and commended its people for their hospitality.

“The position of Ibadan in the history of Nigeria cannot be ignored as a home to all because of the hospitable nature of the indigenes,” Obi said.

He described Ladoja, a former governor and senator, as a leader whose experience will shape his reign as the 44th Olubadan of Ibadanland. Obi also pledged personal support to the incoming monarch.

In response, Ladoja said ascending the throne was “another opportunity to serve humanity,” stressing that the Olubadan stool is not about glamour but service.

“It is God who enthroned Olubadan, not because you have money or influential people around you. The time of glamour is gone; it is about service and what you have on the table for the people,” he said.

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