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Heritage Bank, Lagos State sponsor one-day seminar for JAMB students

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Heritage Bank Plc, Nigeria’s most innovative banking services provider, has taken another giant step towards being the timeless wealth partners with its stakeholders, as it sponsored a one-day JAMB Seminar for the Ifako-Ijaiye students.

This is part of the bank’s initiative to develop the advancement of education in Nigeria; as the bank in partnership with a House of Representative member in Lagos State organised a one day seminar to educate the audience about the techniques required to scale the JAMB 2017 calendar huddle in aspiration for admission into tertiary institutions in the country.

The seminar, which had no fewer than 20 schools represented with an average of at least 1,500 students from the two local governments comprising of both government schools and private schools in attendance.

The forum, held weekend at Obawole in Ifako Ijaiye Local Government area of Lagos State, commemorated the first 100 days in office of Honourable Nurudeen Olaitan Akinwunmi as a Member of the House of Representatives. Akinwunmi is representing the Ifako-Ijaiye Federal Constituency at the National Assembly.

Addressing the participants at the occasion, Hon. Akinwunmi said just like illiteracy, ignorance is a dangerous circumstance because anybody who is ignorant on any issue is not different from an uneducated person.

He stated that excelling in a higher institution admission qualifying examination like JAMB requires more than being brilliant. “Being sound in the combination of subjects on which questions are to be set may not necessarily translate to being admitted. There are so many issues involved. That is why millions of brilliant candidates who have sat for JAMB up to two, three times have failed to gain admission” he specified.

He therefore charged the students that the ultimate goal of the seminar is to ensure that the majority of the participants pass this year’s JAMB qualifying examination. His words: “My belief is that while most parents can afford the cost of the JAMB Form, most parents cannot afford to teach what you’ll be taught today.”

Corroborating him, Mr. Jide Johnson, one of the facilitators at the forum, advised the audience to ensure they concentrate in their examination. He said concentration is key to success for any student who would pass in JAMB examinations. Again, he said they should always bear it in mind that they are going to the examination for a specific purpose and not for fashion show. Bearing this in mind, Johnson charged them to build on their courage as they prepare for this year’s JAMB examination coming up in May.

He stated that it is difficult for any student to understand all the questions in JAMB examinations; however warned them to attempt only those questions they are sure of. “Answer only those questions you are sure of and leave those you do not understand. You cannot know every question; do the ones you know and leave those you do not understand”, he counselled.

Justifying the Heritage Bank’s support for the seminar, Jake-Biosa Ogechi, team member (Cowry & SME), Heritage Bank, explained that the financial service provider is a bank that loves to work with its partners.

She said the bank decided to stay by the students even before their planned admissions into tertiary institutions with a view to boosting their understanding of the need for saving culture.

Ogechi therefore charged parents, whose children plan to gain admission into higher institutions of learning in Nigeria to embrace the various banking solutions in the stable of Heritage Bank. According to her, parents should ensure they open Heritage Bank Board Account for their wards; as doing that would make financial communication easy between them and their children.

She said there are several other banking solutions like HB Tier 1 Account and YIEDP Intervention Scheme that Heritage Bank has developed for the benefit of its numerous customers and other stakeholders.

Ogechi assured the students and their parents that Heritage Bank is a bank they can always count on as a timeless wealth partner.

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

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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.”

 

WATCH VIDEO HERE:

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FCMB Manager Arrested For Hoarding New Naira Notes

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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

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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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