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FCMB Launches Youth Account, Flexx, Unveils Promo

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First City Monument Bank (FCMB) Limited has introduced a new proposition called Flexx for youths aged 16 – 24 years old. The proposition includes a savings account “Flexx account”, a mobile app, and a debit card. The account is designed to promote a healthy savings culture and promote the use of technology in the conduct of banking services.

The launch took place in Lagos on November 30, 2015 amid much enthusiasm and excitement. The launch event also unveiled the FCMB Flexx account promo, which forms part of the rewards of the account. At the end of the promo season, one of the account holders will smile home with a Hyundai Veloster car, while several others will be rewarded with various fantastic gifts such as smart phones and bursaries. To participate in the promo, all that a Flexx account holder needs to do is to maintain an average balance of N10,000 for the six months period of the promo.

In attendance at the launch event was Tolulope Balogun, the face of Flexx, who won last year’s FCMB Challenge in a youth empowerment contest in fashion and modeling under the auspices of the Dare2Dream project organised by the Bank in partnership with Kinabuti Fashion House.

The Flexx account is an interest bearing savings account that enables youths carry-out all their banking activities in a hassle-free manner without having to step into the banking hall. The account seeks to bring maximum convenience by permitting customers to open the account via the mobile app, online from the FCMB website and at any of the bank’s branches nationwide.

The Flexx mobile app, in addition to providing convenient account opening and banking transactions, will be a channel for peer to peer payments and communication, information dissemination and provision of exciting content (such as employment tips, access to skills acquisition resources, entertainment and recreational information) and special offers exclusive to users of the app. The Chief Executive of FCMB, Mr. Ladi Balogun, explained that the launch of Flexx is as much a statement of substance as it is one of intent. ‘’The platform we are creating through Flexx will be both a community and a channel to bring the best of opportunities to our youth. While our primary objective is to encourage savings and the use of digital channels in banking, we are doing this in an exciting and highly rewarding manner to our customers within the target segment’’, he stated.

Speaking at the launch event, the Divisional Head, Retail Banking of FCMB, Mr. Olu Akanmu, said that the Flexx account, which is a level 2 KYC account is simple, easy to open and can be operated with minimal documentation. He stated that all what is required to open the account is a passport photograph, School or National Youth Service Corps (NYSC) identity card or any document showing that he/she is enrolled for the current academic year.

Mr. Akanmu listed the features of the account to include being zero COT, no monthly maintenance fee, allows for third party deposit up to the tune of N50,000. Holders of the Flexx account would also enjoy an array of benefits. These include issuance of a Flexx branded debit card and customer reward programmes (promo, bursary award, discounts, invitation to entrepreneurial and skills development workshops, career advisory, social media engagements, entertainment etc). Account holders will also have access to internet banking and a unique mobile app giving an enhanced experience and unparalleled convenience.
On her part, the Group Head, Corporate Communications/Youth & Diaspora Segment of the Bank, Uchenna Mojekwu, explained that the selection of Tolulope Balogun as the face of the FCMB Flexx is a demonstration of the commitment of FCMB to empower youths. “Tolulope is a talented youth who won last year’s edition of the Dare2Dream project organised in partnership with Kinabuti. The project is about empowerment which forms part of our Corporate Social Responsibility pillars with the mantra, “teach a man how to fish”. Tolulope won the contest and emerged as our brand ambassador due to the several skills she showcased. She further demonstrated this recently by emerging the winner of the 2015 Fashion Crowd Challenge (FCC) in the modeling segment and will be going to Shangai, China to attend the International FCC. Tolulope continues to strive to live her dream of becoming an international fashion icon and we are excited to have played an integral role in her life.”

First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional customer experience, while empowering its customers to achieve their aspirations.

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Illegal buildings: Lagos is victim of its own development – Tokunbo Wahab

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The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab said the recent crackdown and demolition of illegal structures across Lagos State was an indication that the state is a victim of its own development.

Wahab stated this in an interview with Arise Television on Sunday.

He said the government of Lagos State is not battering its citizens but is rather just a victim of its own development, and as such, everybody coming into the state has got to come in and be responsible and be able to be accounted for.

“The truth is that no matter what the government does, there is a state of mistrust between them and the citizens globally. It is a global thing. My response to this is we are not battering them. You can’t say you are under the bridge and you want us to account for you. It is not habitable at all. It is not about battering people that are under privileged, we can’t do that. But it is about taking ownership. Lagos is just a victim of its own development.”

Speaking on the incident that led to the recent demolition of the illegal under bridge structure at Dolphin Estate Ikoyi, the commissioner said a whistleblower alerted authorities about suspicious activities under the bridge and following the tip-off, investigations uncovered a network facilitating illegal tenancy arrangements, with individuals, including women and young people, being exploited.

“The past few weeks and months, the state made a policy that we shall reclaim all our ungoverned spaces and we started out with Ijora under bridge, under national theatre, from there we went to Apongbon, Obalende, then a whistleblower called our attention last week Wednesday, he said he was jogging and heard voices under the bridge. He didn’t even stop, he slowed down and peeped in, took a video and sent it to my social media handle.

“Right there and then, I had to inform the governor that something was happening there and that we had to go, and he approved and the rest they say is history. What is not history is the fact that we have declared the ringleader wanted because somebody somewhere has been collecting rent and giving out spaces to individuals, women, young people and we have said to him that the long hand of the law shall surely catch up with him, no matter how long it takes us.”

He said efforts are underway to repurpose these spaces for beneficial use.

“We are also trying to put these spaces to functional usage. We have an agency called Glass pack. The role of that agency is to put these ungoverned spaces to proper usage to citizens.

“The one at Ijora, a design has been approved and it’s a CSR by a Lagosian who believes we can turn it to a football pitch and have some other games in there. Obalende has been taken up by one of the biggest telecoms companies in the country, MTN and the design is already in the works. Same thing we are going to do for Apongbon and the Dolphin area.

“So, what we are saying to the citizens is, don’t be vulnerable, no matter how desperate you are. If you have the means to pay two hundred and fifty thousand naira for a small space under the bridge, you don’t have to be in Ikoyi, you can go and live outside the Island or where you can pay for rent for a decent accommodation.

“We were even there yesterday and it was very emotional. We saw three young kids and I spoke to my colleague in the ministry of youth and social development and I said to him to take them to our homes and I will be personally responsible for them from now till they are able to go to the University and graduate and that for me is the path and way to go as a State.

“We are profiling each one of the tenants. I am not the one that will perform that duty. The agency under which they were arrested is profiling them. With the profiling they are going to remove those that were just there and then take the criminal elements or suspects to court on Monday.”

Wahab said several notices were served prior to the demolition as well as engagements with major stakeholders.

“I don’t demolish properties; I remove contraventions on the right of way of the drainage system or the canal and with respect to Mende…in 2021, my predecessor in office served them a notice and they had engagements that ran into months and years.

“In November 2023, we called a stakeholders meeting, we served notices before then and even marked buildings on the right of way and they came to my office and we had a meeting, played the video and they did admit that they were on the right of way but however pleaded that we reduce the right of way.

“On the issue of notices, they have been served enough notices. We served in 2021, renewed again in 2023, that is about six months ago. In my first life, I was a lawyer and notices are the first of every activity and we have served them and I am sure of that.

“If they have a genuine claim, they have a means to ventilate that claim and that is the court of law. The executives have done what they believe is overriding public interest.”

On government plans to curb reemergence of illegal structures in the future, he called on citizens to collaborate by reporting illegal activities, emphasising that the collaboration will aid the government in being accountable for the people.

“We have ramped up the capacities of our enforcement units, so they have to start pinning down officers in every area where we have ungoverned spaces and then we are relying on the citizens to take ownership and trust the government to do the right thing in the sense that when you whistle blow, the government will take steps of actions.

“With respect to those people who have no business to be where they are staying, what we are trying to push back in Lagos here is for us to be able to account for everyone that is in this space. For the sake of the generality of our citizens, if you come in and you are staying under the bridge, how do we plan for your education, for your health and for our own infrastructure to take care of you. If you are under the bridge, nobody can make plans for you.”

 

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Illegal buildings: Lagos is victim of its own development – Tokunbo Wahab

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The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab said the recent crackdown and demolition of illegal structures across Lagos State was an indication that the state is a victim of its own development.

Wahab stated this in an interview with Arise Television on Sunday.

He said the government of Lagos State is not battering its citizens but is rather just a victim of its own development, and as such, everybody coming into the state has got to come in and be responsible and be able to be accounted for.

“The truth is that no matter what the government does, there is a state of mistrust between them and the citizens globally. It is a global thing. My response to this is we are not battering them. You can’t say you are under the bridge and you want us to account for you. It is not habitable at all. It is not about battering people that are under privileged, we can’t do that. But it is about taking ownership. Lagos is just a victim of its own development.”

Speaking on the incident that led to the recent demolition of the illegal under bridge structure at Dolphin Estate Ikoyi, the commissioner said a whistleblower alerted authorities about suspicious activities under the bridge and following the tip-off, investigations uncovered a network facilitating illegal tenancy arrangements, with individuals, including women and young people, being exploited.

“The past few weeks and months, the state made a policy that we shall reclaim all our ungoverned spaces and we started out with Ijora under bridge, under national theatre, from there we went to Apongbon, Obalende, then a whistleblower called our attention last week Wednesday, he said he was jogging and heard voices under the bridge. He didn’t even stop, he slowed down and peeped in, took a video and sent it to my social media handle.

“Right there and then, I had to inform the governor that something was happening there and that we had to go, and he approved and the rest they say is history. What is not history is the fact that we have declared the ringleader wanted because somebody somewhere has been collecting rent and giving out spaces to individuals, women, young people and we have said to him that the long hand of the law shall surely catch up with him, no matter how long it takes us.”

He said efforts are underway to repurpose these spaces for beneficial use.

“We are also trying to put these spaces to functional usage. We have an agency called Glass pack. The role of that agency is to put these ungoverned spaces to proper usage to citizens.

“The one at Ijora, a design has been approved and it’s a CSR by a Lagosian who believes we can turn it to a football pitch and have some other games in there. Obalende has been taken up by one of the biggest telecoms companies in the country, MTN and the design is already in the works. Same thing we are going to do for Apongbon and the Dolphin area.

“So, what we are saying to the citizens is, don’t be vulnerable, no matter how desperate you are. If you have the means to pay two hundred and fifty thousand naira for a small space under the bridge, you don’t have to be in Ikoyi, you can go and live outside the Island or where you can pay for rent for a decent accommodation.

“We were even there yesterday and it was very emotional. We saw three young kids and I spoke to my colleague in the ministry of youth and social development and I said to him to take them to our homes and I will be personally responsible for them from now till they are able to go to the University and graduate and that for me is the path and way to go as a State.

“We are profiling each one of the tenants. I am not the one that will perform that duty. The agency under which they were arrested is profiling them. With the profiling they are going to remove those that were just there and then take the criminal elements or suspects to court on Monday.”

Wahab said several notices were served prior to the demolition as well as engagements with major stakeholders.

“I don’t demolish properties; I remove contraventions on the right of way of the drainage system or the canal and with respect to Mende…in 2021, my predecessor in office served them a notice and they had engagements that ran into months and years.

“In November 2023, we called a stakeholders meeting, we served notices before then and even marked buildings on the right of way and they came to my office and we had a meeting, played the video and they did admit that they were on the right of way but however pleaded that we reduce the right of way.

“On the issue of notices, they have been served enough notices. We served in 2021, renewed again in 2023, that is about six months ago. In my first life, I was a lawyer and notices are the first of every activity and we have served them and I am sure of that.

“If they have a genuine claim, they have a means to ventilate that claim and that is the court of law. The executives have done what they believe is overriding public interest.”

On government plans to curb reemergence of illegal structures in the future, he called on citizens to collaborate by reporting illegal activities, emphasising that the collaboration will aid the government in being accountable for the people.

“We have ramped up the capacities of our enforcement units, so they have to start pinning down officers in every area where we have ungoverned spaces and then we are relying on the citizens to take ownership and trust the government to do the right thing in the sense that when you whistle blow, the government will take steps of actions.

“With respect to those people who have no business to be where they are staying, what we are trying to push back in Lagos here is for us to be able to account for everyone that is in this space. For the sake of the generality of our citizens, if you come in and you are staying under the bridge, how do we plan for your education, for your health and for our own infrastructure to take care of you. If you are under the bridge, nobody can make plans for you.”

 

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80% of Lekki buildings have no approval, says LASG….

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Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, stated that 80 per cent of buildings in Ibeju Lekki have no approval.

He disclosed this in a recent interview with newsmen.

He said, “Just last week Thursday and Friday, myself and the team were in the Ibeju Lekki and Epe axis and you would agree with me that anybody passing through that corridor would see a lot of estates marked. We went there, and I can tell you that from what we saw, over 80 per cent of them do not have approval.

“The procedure to get approval is first to get the planning information, as to what those areas have been zoned for. In this case, what we have is agricultural land, and people now go to their families to buy agricultural land. Of course, those lands would be sold because those families do not know the use such land would be put to.

“The next thing to do is the fence permit. If you missed the earlier information on not knowing the area zoning, at the point of getting the fence permit, you would be able to detect what the area is zoned for. After that, the layout permits a large expense of land follows.”

Olumide noted that a layout permit cannot be obtained if it is not zoned for the purpose it was designed for or for the purpose it was being requested.

“So, you can see all these layers, but people still go ahead to start advertising. Some have even gone to the extent of displaying the sizes they want to sell. Imagine someone in the diaspora who wants to send money without any knowledge. Then, no approval is eventually gotten. Even if they pass the assignment and the survey to them, we would not grant the individual permit, because that area is not zoned for that purpose,” the commissioner explained.

In the same vein, the Chief Executive Officer of Octo5 Holdings, Jide Odusolu, said Lekki Peninsula’s masterplan got distorted post-2010 due to rapid development, with newer estates sidestepping old regulations.

He said, “The Lekki peninsula had a master plan which was originally launched when Bola Tinubu was the governor and updated under Babatunde Fashola. Almost all large estates along the Lekki corridor, especially those developed between 2000-2008, have approved layout plans. It was obligatory and rigidly enforced by the state government.

“However, starting in 2010, the plans became distorted with accelerated development, and many of the smaller schemes that sprung up deliberately sought to avoid the large infrastructure burdens carried by the legacy era developments.

“I am sure investigations with developers such as UPDC (Pinnock Beach), Trojan Estate, Aircom (Northern Foreshore), Cityscape (Buenavista), Howard Roarks (Lake View) and Octo5 (Ocean Bay) will reveal how they all spent huge sums providing infrastructure with zero support from the government while still paying punitive taxes.”

According to Odusolu, the government weaponised planning and titling for internally generated revenue, and that disincentivises compliance, leading to chaotic development.

Meanwhile, the Managing Director of Fame at Oyster & Co. Nigeria, Femi Oyedele, said most of the estates had layout plans that were not coordinated to form a planned city.

He noted that the communities that were not planned were the historic settlements that the government excised in the scheme.

“To do Lekki better, those estates which have been approved on the west and east arterial roads, which go down to Awoyaya on the east side and to Akodo on the west side of Lekki-Epe Expressway, must be demolished to make way for the planned roads.

“The kind of restoration done to Abuja by Nasir El’Rufai must be done in Lekki. Lekki Peninsular and Victoria Island have a population of over 3 million people. Glasgow has a population of less than 2 million people with twice the roads of Lekki Peninsula,” he enunciated.

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