FCMB launches education advisory service for overseas studies

First City Monument Bank (FCMB) has unveiled a scheme, ‘’FCMB Education Advisory Service’’ that would ensure convenient and affordable education support for its customers who or their children desire to study abroad and obtain undergraduate and post-graduate degrees.

The support includes overseas admission information services, school fees remittance, school living allowances and travel fares, loans to support school fees payments, visa process, travels and examination preparation.

Access to customers and other aspiring candidates is said to be available on FCMB website with branches where operational desks are currently located, listed.

The bank said it is part of its contributions towards developing a new generation of brilliant minds that would take Nigeria to the next level. The scheme is in partnership with MOD Group, a foremost international education promotion and marketing company with operations deeply rooted in Nigeria and covering the West Africa sub-region.

Under the initiative which was launched at a ceremony in Lagos, FCMB is offering a full range of core financial services, tailored to meet the needs of its customers in the area of acquiring education abroad. Among these are up to N5million school fees support to customers from the bank and Credit Direct Limited, one of the subsidiaries of FCMB Group Plc.

Speaking at the launch of the initiative, the Executive Director, Retail Banking of FCMB, Mr. Olu Akanmu, restated the commitment of the bank to champion and execute initiatives that would promote education and knowledge acquisition among Nigerians.

Also speaking at the ceremony, the Managing Director of MOD Group, Mr. Michael Dosunmu, expressed gratitude to FCMB for the partnership. According to him, one of the major challenges faced by Nigerians who desire to study abroad is funding and the necessary information to achieve this.

“We believe that with our partnership with FCMB, through the platform of the Education Advisory Service, this challenge will be addressed,” he said.

The Permanent Secretary/Tutor General, Ministry of Education in Lagos State, Mrs. Olufunmilayo Onadipe, described the Educational Advisory Service scheme as a step in the right direction.