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Heritage Bank, GTA host 500 pupils for ‘Children Day’ Celebrations



No fewer than 500 pupils participated in the Heritage Bank Plc-GTA Communications Limited Children Day Celebrations organised for 20 primary and secondary schools in different parts of Lagos State over the weekend.

Apart from the exited pupils and students who trooped out to participate in the celebrations, the event, held at Ronnie Event Centre at the Agege, also had in attendance parents, teachers, proprietors and proprietresses of the schools that took part.

In her remarks at the event, Chinenyenwa Ozoemena, Financial Literacy Analyst, Heritage Bank said as a timeless wealth partner in Nigeria, Heritage Bank considered the platform as a veritable one through which it could educate the participants about financial literacy.

Ozoemena explained that the importance of financial literacy cannot be overemphasised as it is essential to the young and the old. She said even the children present needed basic knowledge about activities of banks in the country.

She therefore, engaged the pupils and students with questions that bother on Financial Literacy in order to arouse their curiosity. Among the questions asked are: If you have N20, what will you do with it; what do people do in a bank; Name two types of bank account you know; and what is the name of Nigeria’s currency?

Besides, Ozoemena explained that Heritage Bank would be happy to partner with the schools represented at the occasion. She said: “We are here to partner with you and with your business. Heritage Bank has various banking solutions that can be deployed to grow your business even beyond your imagination. We do what is called business advising.”

According to her, record keeping is essential to the growth of any business adding that Heritage Bank has an enviable record keeping system that can effectively back up their businesses wherever it may be situated in the country.

For the children, who would like to be successful entrepreneurs, Ozoemena disclosed that Heritage Bank has specific banking solutions that are meant to nurture them to maturity.

In her welcome remarks, Mrs. Gbemisola Abdul-Olatunbosun, CEO, GTA Communications; commended Heritage Bank and the schools represented at the event. She expressed optimism that the financial literacy experience that the children would gain would surely add value to them and also help to shape their understanding about life.

Although, GTA Communications has been organising Children Day celebrations since five years now, Abdul-Olatunbosun said with the Heritage Bank’s involvement this year, the content is more enriched. With that, she stated, the participants would benefit more.

Among the pupils whose presence was visible at the event is Ossai Samuel, a JSS2 pupil from Bishop Kola Onaolapo Memorial College who played saxophone to entertain the audience.

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Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]




Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.


In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.


The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.


The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.


“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.


“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”



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FCMB Manager Arrested For Hoarding New Naira Notes



A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.


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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage



The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.


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