Fidelity Bank Promotes Savings Culture

The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has restated the bank’s commitment to continue to support and encourage savings culture and financial inclusion in the country.

Okonkwo said this during the presentation of cash and gifts to winners in the first quarter edition of Fidelity Bank Plc’s ‘Get Alert in Million’ promo draws held in various regions of the country recently.

The bank CEO was represented by the Executive Director, Shared Services and Products, Fidelity Bank Plc, Chijioke Ugochukwu.

He explained that the promo which was the sixth in series the bank has conducted in the last nine years was structured to make savings accounts holders millionaires.

“The promo has become a pillar of financial inclusion in Nigerian economy. In this promo, we took monthly and quarterly draw. We produced the first prize winner in the quarterly draw. In total 19 winners emerged across the nation,” he said.

The bank’s Regional Head and Chairman of Promo Committee, Mr. Obaro Odeghe said the promo has been a success story and encouraging, adding that it was part of efforts in supporting encouraging culture of savings in Nigeria and empowering the customers especially during this period of recession.

He explained that to qualify for the monthly and quarterly draw an existing customers are to pay in N10,000 into his or her account for the monthly draw while N50.000 qualifies one for the quarterly.

Odeghe noted further that new customers are required to open an account for with N20.000 to be qualified for monthly draw.

He added that the promo was introduced to help penetrate and advance financial inclusion in the country.

The lucky winners which emerged from a transparent draw witnessed by officials from Consumer Protection Council (CPC) and others went home with different prizes.

Total of 19 people emerged winners of various cash prizes and other consolation prizes including a star prize of N5 million which was won by Mr. Salman Umar Musa of University of Maiduguri branch. Customers that were rewarded with cash prizes for the third promo across the country were Rahama Yenusa Tahir from Maiduguri Branch Borno State, North that won N1 million.