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FirstBank: Nigerias Premier Eco-Friendly Financial Brand

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FirstBank: Nigerias Premier Eco-Friendly Financial Brand

Je

First Bank Plc

First Bank Plc

remiah Agada

Sponsored by: H&H

As the world gears up to celebrate the World Environment Day (WED), Brand Communicators focus on Eco-Friendly Brands in the Nigerian market falls on Nigerias premier and perhaps the strongest financial institution, First Bank of Nigeria Limited. The focus is on the Banks environmental policies and its impact on the global environmental issues.

This brings to fore the importance of environmental sustainability in our world today. Environmental sustainability is one of the biggest challenges and most important targets of the present times. Stakeholders (researchers, academicians, scholars, governments and non-government organizations involving individuals, communities, countries, and the continents, are increasingly focusing their attention on how to tackle the challenges associated with driving environmental sustainability. Key stakeholder concerns include the constant exploitation of the environment due to economic development. While the current generation is enjoying the fruits of economic development, they tend to be oblivious of the uncertainty and dangers that future generations would confront as a result of scarce natural resources and polluted environment. It is therefore, our responsibility to leave the planet as a self-sustainable system providing equal opportunities of survival not only to our future generations but also to all other species co-habiting with us.

In Nigeria, studies have shown that various sectors of the economy are vulnerable to climate change. These include human settlements and health; water resources, wetlands and freshwater ecosystems; energy, industry, commerce and financial services; agriculture, food security, land degradation, forestry and biodiversity; coastal zone and marine ecosystems.
Because of the seriousness of climate change and the impact it poses to the environment, an organization like First Bank of Nigeria Limited is leaving nothing to chance in ensuring an eco-friendly society. Its recognition of the environmental and social impacts of its operations has made it adopt policies and procedures that minimize negative environmental and social impacts.
In doing business, the Bank, which is Nigerias first and arguably its most prestigious, takes cognizance of potential environmental risks with a view to nipping them in the bud. This it has done by constant interactions with stakeholders, driving sustainable insurance and putting necessary frameworks in place towards ensuring that its actions as a corporate entity does not impact negatively on the environment.

As such, the sustainability of the societies and physical environments in which the Bank operates are critical to its own sustainable success. Therefore, the Bank has shown over the years that it is committed to making positive contribution wherever it does business while avoiding or minimising any direct or indirect negative impact on communities and the environment resulting from its activities, beyond its responsible lending and investment efforts.

The acknowledgement of the fact that its environmental impacts can be indirectly linked to climate change and its global effects has led the bank to adopt an approach to environmental sustainability which is two-fold based on its direct and indirect impacts. The approaches to reducing the direct impacts of its operations include approach to minimising carbon footprints and carbon offsetting; work towards carbon neutrality as well as promote wildlife and biodiversity conservation and preservation.

In minimising waste, the Bank works to improve energy efficiency in its data centres and offices as well as reduce air travels and implement safe paper use initiatives. It also increased the use of conference calls for meetings as against attending physical meeting schedules thereby minimizing fuel consumption and carbon emission from vehicles. Its Going Green efforts have also seen the Bank purchase renewable energy; promote tree planting initiatives and the indirect impact of its activities focuses largely on responsible lending.

The Banks key objectives of minimizing carbon footprints through the planting of trees, creating awareness among school children of the need to preserve wildlife and biodiversity, developing and educating environmentally conscious students through partnerships with reputable NGOs and institutions, are huge. The challenge in implementing this project is not just in identifying suitable locations with the right soil and climatic conditions for tree planting, but also ensuring students participation.

These objectives and FirstBanks responsible approach to protecting the environment has seen it partner with Nigerian Conservation Foundation (NCF), Nigerias premier non-governmental environment conservation foundation dedicated to nature conservation and sustainable development in Nigeria. Its on-going partnership with the NCF has seen it actively support annual activities promoting conservation and preservation of wildlife and biodiversity.
The FirstBank Conservation Initiative is part of our long-term approach to promoting sustainability, which involves minimising our direct and indirect impacts on the environment. And the success of this initiative is dependent on our meaningful engagement with our stakeholders.

With its huge expertise in environmental issues, the Bank found a worthy and perfect partner in the NCF to help implement this programme successfully. The NCF used its experience and influence to engage the various stakeholders to support the programme. This included utilising its conservation clubs, which provided educational sessions for the students on the importance and benefits of conservation and supporting biodiversity. The subsequent enthusiastic participation of the students, and the encouragement they received from the Ministry of Education and school authorities, enabled the programmes objectives to be achieved.

So far, 240 trees have been planted at the Lagos State Civil Service Model College Igbogbo in Ikorodu, and Evboesi Mixed Secondary School, Benin City. More than 1,000 environmental sustainability champions have also been appointed in these locations. These champions are young people who look after the trees and ensure that they are adequately cared for to help the bank achieve its afforestation goals. “The planting of trees is just part of our efforts to contribute to Nigerias green economy and to combat deforestation/desertification, while recognising the key role of children and young people in the sustainability agenda, the Bank in a statement disclosed.

Through its partnership with Junior Achievement Nigeria (JAN), FirstBank sponsored the National Company of the Year (NCOY) Competition. The competition is an extension of the COY programme that brings secondary students together to form a company, choose a business name and elect officers to oversee operations of the company for the programme duration. It teaches students to put theory into practice in order to fully understand what financial literacy and entrepreneurship is. At the end of the programme, the students that complete the programme successfully, compete in the regional competition and represent their school in the National Company of the Year competition in Lagos. In 2020, the New Phase from Brookstone Secondary School, Port-Harcourt, Rivers state emerged winner, producing an eco-friendly block. The eco-friendly construction blocks were made from plastic waste. These sustainable blocks are the next wave of sustainable construction.

Beyond the initiatives above, responsible lending remains one of the strategic pillars in delivering the sustainability goals of the FirstBank Group. FirstBank has put in place an Environmental, Social and Governance Management System (ESGMS) to help the Bank integrate environmental social and governance considerations into its decision-making processes. This includes an ESG policy and procedures for screening transactions. The ESG policy is based on existing policy documents and international best practice, while procedures to screen transactions are aimed at conducting ESG due diligence on potential transactions. These are based on Central Bank of Nigerias Sustainable Banking Principles, IFC Performance Standards, and international best practice and are tailored to FirstBanks procedures, risk management framework, risk appetite and tolerance, and adapted to its strategic objectives.

The key objective of this policy is to ensure that all the transactions that FirstBank is considering funding, include adequate provision for actions necessary to prevent, control and mitigate negative impacts on the environment and communities, and improve environmental quality.

With this, FirstBank has shown its commitment to integrating social and environmental principles in all its operations; promoting good corporate governance and ensuring social and environmental considerations are included in the business decision making; reviewing and managing potential social and environmental risks in its lending and investment processes and activities and reviewing all borrowers against the criteria like exclusion list; the International Finance Corporate Performance Standards, and other applicable international standards as well as the Nigeria Sustainable Banking Principles (NSBP) requirements.
Others initiatives are, providing constant education and training for all staff on issues of environmental and social responsibility relevant to the business; regularly communicating to all stakeholders on progress of commitments including achievements, challenges and future direction; continuous improvement on the way in which it identifies, assesses and manages Environmental, Social, and Governance (ESG) risks within its businesses.

The successful and productive implementation of the ESGMS has propelled the bank to integrate the associated checklist (which is usually completed by a relationship manager and verified by an analyst against the EIA report), into the banks credit application platform designed for reviewing credits. The goal is to ensure efficiency through automation as relevant implementation documents such as the environmental, social and governance risks screening checklist will be fully automated.

These initiatives over the years and activities have shown that environmental sustainability remains a key corporate responsibility & sustainability focus for FirstBank.

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Fidelity GAIM Season 4 Final Draw To Hold On July 22

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Madiebo

Fidelity GAIM Season 4 Final Draw To Hold On July 22

  • Bank To Enrich 15 Lucky Customers With Millions of Naira

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Fidelity Bank Plc, top Nigerian lender, has announced plans to enrich the lives of fifteen Nigerians with a total of 39 million Naira at the final draw of the Get Alert in Millions Campaign (GAIM) Season 4 savings promo, slated for July 22, 2021.

The savings promotion, which is specifically aimed at promoting the culture of saving among Nigerians, is one of the bank’s many initiatives aimed at rewarding new and existing customers for their unwavering loyalty and patronage.

Despite the fact that the promotion was halted in 2020 due to the Coronavirus (Covid-19) Pandemic and the resulting global lockdown, hundreds of Nigerians have benefited from this unique reward scheme in which lucky customers are credited with millions of naira and consolation prizes via a draw system.

The Chairman, Promo Committee, Fidelity Bank Plc, Mrs

Madiebo

Madiebo

. Richard Madiebo expressed his delight at the resumption of the savings promotion, stating that the campaign seeks to reward customers for their loyalty and patronage.  According to Mr. Madiebo, for the past twelve years, the bank has empowered new and existing customers, providing an avenue for many to change their fortunes through its savings Promo.

He stated that the bank takes pride in keeping its promises, adding that the lender would continue to look out for innovative ways to satisfy and enrich its customers across the nation.

“And as we wind down on the 4th season of the GAIM promo, we are elated at the prospect of not only driving financial inclusion across Nigeria, but also at the unique opportunity to enrich the lives of our customers especially in times of economic uncertainties”, noted Madiebo

Over the years, the leading tier two Bank has continued to intensify its efforts and innovate ways towards ensuring customer and stakeholder satisfaction. Through this promo, Fidelity Bank has promoted financial inclusion through digital channels and enriched the lives of its customers even in times of economic uncertainties.

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Dangote Women Empowerment Program Reaches N4.3billion in Disbursement

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L-R,: Emir Of Bauchi, Dr. Riliwan Suleiman Adamu Bauchi State,  Deputy Governor, Senator Baba Tela Bauchi State Governor, Senator Bala   Mohammed, Managing  Director/ CEO, Aliko Dangote Foundation, Zouera Youssoufou, Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Ahmed Mansur, Who represents Chairman Aliko  Dangote Foundation, Wife of the State Governor, Aisha Mohammed, and One of the Beneficiary, at the  Official Flag- Off  of Disbursements  the Dangote Micro -Grants  Programme for Venerable  Women in Bauchi Local Government  Area , Bauchi State on Tuesday 15th June. 2021

Dangote Women Empowerment Program Reaches N4.3billion in Disbursement

L-R,: Emir Of Bauchi, Dr. Riliwan Suleiman Adamu Bauchi State,  Deputy Governor, Senator Baba Tela Bauchi State Governor, Senator Bala   Mohammed, Managing  Director/ CEO, Aliko Dangote Foundation, Zouera Youssoufou, Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Ahmed Mansur, Who represents Chairman Aliko  Dangote Foundation, Wife of the State Governor, Aisha Mohammed, and One of the Beneficiary, at the  Official Flag- Off  of Disbursements  the Dangote Micro -Grants  Programme for Venerable  Women in Bauchi Local Government  Area , Bauchi State on Tuesday 15th June. 2021

L-R,: Emir Of Bauchi, Dr. Riliwan Suleiman Adamu Bauchi State, Deputy Governor, Senator Baba Tela Bauchi State Governor, Senator Bala Mohammed, Managing Director/ CEO, Aliko Dangote Foundation, Zouera Youssoufou, Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Ahmed Mansur, Who represents Chairman Aliko Dangote Foundation, Wife of the State Governor, Aisha Mohammed, and One of the Beneficiary, at the Official Flag- Off of Disbursements the Dangote Micro -Grants Programme for Venerable Women in Bauchi Local Government Area , Bauchi State on Tuesday 15th June. 2021

L-R,: Emir Of Bauchi, Dr. Riliwan Suleiman Adamu Bauchi State,  Deputy Governor, Senator Baba Tela Bauchi State Governor, Senator Bala   Mohammed, Managing  Director/ CEO, Aliko Dangote Foundation, Zouera Youssoufou, Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Ahmed Mansur, Who represents Chairman Aliko  Dangote Foundation, Wife of the State Governor, Aisha Mohammed, and One of the Beneficiary, at the  Official Flag- Off  of Disbursements  the Dangote Micro -Grants  Programme for Venerable  Women in Bauchi Local Government  Area , Bauchi State on Tuesday 15th June. 2021

L-R,: Emir Of Bauchi, Dr. Riliwan Suleiman Adamu Bauchi State, Deputy Governor, Senator Baba Tela Bauchi State Governor, Senator Bala Mohammed, Managing Director/ CEO, Aliko Dangote Foundation, Zouera Youssoufou, Group Executive Director, Government and Strategic Relations, Dangote Industries Limited, Engr. Ahmed Mansur, Who represents Chairman Aliko Dangote Foundation, Wife of the State Governor, Aisha Mohammed, and One of the Beneficiary, at the Official Flag- Off of Disbursements the Dangote Micro -Grants Programme for Venerable Women in Bauchi Local Government Area , Bauchi State on Tuesday 15th June. 2021

…he understands Nigeria better than some politicians-Gov

AJAGBE ADEYEMI TESLIM

SPONSIRED BY:H&H

The Aliko Dangote Foundation (ADF) has doled out a whooping N4.2billion as part of its unconditional Micro Grant Programme for empowering women in the rural areas across the country.

Speaking at the flag-off of its one-off unconditional Micro-grants Programme Tuesday in Bauchi, Chairman of the Aliko Dangote Foundation empowered twenty thousand vulnerable women across the 20 Local Government Areas of the State.

Dangote who was represented by the company’s Group Executive Director Government and Strategic Relations, Mansur Ahmed said so far over four hundred thousand poor women have benefited from the programme in the country.

He said in Bauchi State, N200million is currently being disbursed to vulnerable women across the 20 Local Government Areas.

According to the Africa’s top philanthropist, the unconditional micro grant is aimed at supporting the government effort’s in empowering poor families in the State.

He said the Foundation had earmarked N10billion to be disbursed to vulnerable women across the 774 Local Government Areas in the country.

Dangote said states that have also benefitted from the scheme include: Lagos, Kano, Jigawa, Kogi, Adamawa, Borno, Yobe, Niger, Nasarawa, Sokoto, Katsina and Kwara state.

He added that the next states to benefit from the programme are: Osun, Edo, Ogun, Rivers, Anambra and Ebonyi state respectively.

“The Micro-grants programme is one component of the Economic Empowerment pillar of the Aliko Dangote Foundation. It provides disadvantaged and vulnerable women with a one-off, unconditional N10,000,00 cash transfer to boost their household income generation. This we believe will help reduce their vulnerability and meet their livelihood needs,” he added. 

He said it is gratifying to note that majority of women who benefitted from the scheme have been able to grow the seed capital.

While thanking Aliko Dangote Foundation to coming to assist the vulnerable women in  Bauchi State,  Governor Senator Bala Abdulkadir Muhammad said he was very elated with ADF’s intervention across the country and especially in his state.

He expressed optimism that the intervention will support lives and livelihoods of women, children and families in Bauchi State.

According to him: “Aliko Dangote is a beacon of hope for the Bauchi people. He has been creating not only business institutions at the highest levels but also touching lives at the lowest level. He seems to understand Nigeria more than some of us who are politicians. He’s supporting our mothers who will help put food on our tables and train their children in schools.

“We’ve just named the school of nursing and midwifery after him. This is to mark his huge contribution to our societies in Bauchi.”

“We are also using this opportunity to inform him that he should come and invest in Bauchi. We have the highest deposit of limestone in the country. We have the largest arable land and the largest forest. Bauchi is also very peaceful and secured.”

The Governor also presented a book to the Aliko Dangote Foundation.

The book was written over a 100 years ago by Sheik Uthman Danfodio, and titled: The Principle of Leadership.

Speaking also, the Speaker, State House of Assembly Rt Hon Abubakar Y. Suleiman described the intervention as huge saying it would go a long way in supporting the poverty alleviation stride of the state government.

He said the state will continue to collaborate with the state in area of economic empowerment of womenfolk.

Commending the foundation, First Lady and wife to the Governor Mrs Aisha Bala Muhammad  said the intervention will help lift families from economic problems, even as she urged the women to invest it wisely.

Speaking, one of the beneficiaries Amina Musa, 50, said she would start micro business and use the profit to support her family.

Another beneficiary Jumai Rabiu, 47, described the intervention as huge and timely, adding that she will use the money judiciously and employ others too.

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CIBN Unveils New Strategic Initiative “A-TEAM”; Solicits Ecobank’s Collaboration

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(L-R) Dele Alabi, MD, ETI Speciliased Finance Company/ National Treasurer CIBN; Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and Professor Pius Olarewanju, 2nd Vice President, CIBN

CIBN Unveils New Strategic Initiative “A-TEAM”; Solicits Ecobank’s Collaboration

 (L-R) Dele Alabi, MD, ETI Speciliased Finance Company/ National Treasurer CIBN; Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and Professor Pius Olarewanju, 2nd Vice President, CIBN


(L-R) Dele Alabi, MD, ETI Speciliased Finance Company/ National Treasurer CIBN; Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and Professor Pius Olarewanju, 2nd Vice President, CIBN

(Middle) Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and other senior members of Ecobank Nigeria and the CIBN

(Middle) Patrick Akinwuntan, MD/CEO, Ecobank Nigeria; Bayo Olugbemi, the President/Chairman of Council, CIBN and other senior members of Ecobank Nigeria and the CIBN

 AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new Strategic Initiatives  with the acronym “A-TEAM” being  part of efforts by the institute to revamp banking practice in Nigeria. Speaking during a courtesy visit to the Management of Ecobank Nigeria, the President/Chairman of Council, CIBN, Bayo Olugbemi  explained that  A-TEAM as an acronym represents Accelerated Development; Technology and Digital Enhancement; Engagement for Growth; Accountability and Transparent Leadership and  Membership Drive for Value. Olugbemi commended Ecobank’s consistent support for the Institute over the years to ensure  the realization of the Institute’s mandate of determining the standards of knowledge and skills development for those seeking to become members of the banking profession.

The CIBN President stated: “We applaud Ecobank Academy as the first corporate member to become a member of the Global Business School Network and for the consistent support for the realization of the Institute’s mandate of determining the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession. We therefore seek Ecobank’s collaboration and enlistment in our Endowment/Prize Awards in any subject of interest; support towards the renovation of Abuja Bankers’ House; support for the establishment of banking museum by donating artefacts and other relevant materials;  and to participate actively in training programmes of the Institute.”

Further, he congratulated Ecobank Nigeria and the Ecobank Group on winning several International awards, that includes the Best Retail Bank in Nigeria by Asian Banker ; Africa’s Best Bank for Corporate Responsibility by Euromoney (Ecobank Group); African Bank of the Year (African Banker); Innovation in Financial Services Award from African Banker (Ecobank Group); EMEA Finance African Banking Awards 2020. Also the award of ‘Outstanding Crisis Leadership – Finance & Business’ awarded to Ecobank by Global Finance and the Starsight Sustainability Award by Renewable Energy Provider Starsight for deployment of solar systems in your 150 branches across West African country with an installed solar and hybrid capacity of 11 megawatts (MW) amongst several others.

In his response, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan  pledged more support and collaboration with the Institute, restating that Ecobank will continue to contribute to the efforts of the Institute to become top class and remain relevant globally. According to him, “For us at Ecobank, we are extremely proud CIBNs efforts at ensuring public discourse on the future of the Nigeria economy and the banking and finance industry. This is not in isolation of the ethics, professionalism, accountability, transparency, good corporate governance without losing focus of harnessing the opportunities technology has provided in the new world order. Be assured of our maximum support and collaboration at all times.

Mr. Akinwuntan also identified with the efforts of the Institute to raise the bar of competency and capacity building in the industry, stressing that with sound professional conduct, every banker will be held in high esteem. He said Ecobank is working assiduously to ensure majority of its staff become members of the Institute, adding that the bank will also provide more mentees and mentors in its mentorship programme.  “We have a medium to long term programme to ensure all Ecobank Nigeria staff become chartered members of the Institute. At Ecobank, we take human capacity development very seriously. Some of our staff that wrote the last examinations are now chartered members of the Institute. We will also ensure bulk subscription of our staff. We will be nominating 30 mentors and 100 mentees to participate in the second mentorship programme”. He stated.

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