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COVID-19: FIRSTBANK LAUNCHES NEXT-GENERATION ATM, SPEARHEADS INNOVATION IN ELECTRONIC BANKING IN NIGERIA

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FIRSTBANK HOSTS FINTECH SUMMIT 5.0

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM.

 

 

 

With the FastTrack ATM, widely referred to as Touchless Solution, the customer carries out the transaction by using his or her mobile phone to perform the needed steps designed originally for implementation on the ATM. By using one’s phone, the transaction is carried out – in advance – through the Bank’s USSD or mobile banking option. Upon the schedule, the customer visits the FastTrack ATM to complete the transaction by tapping a contactless Near Field Communication (NFC) card on the ATM to withdraw his or her cash.

 

 

 

FirstBank customers can now leverage the real-time mobile banking capabilities of their cellphone to activate cash withdrawals at the FastTrack ATM. The ATM solution is the Bank’s response to control the spread of COVID-19, whilst promoting the safety of customers that carry out transactions at the ATM.

 

 

Speaking on the launch of the FastTrack ATM, Dr. Adesola Adeduntan, CEO, First Bank of Nigeria Limited said ‘at FirstBank, we are driven to provide seamless financial solutions to ensure our customers are able to timely carry out their transactions in safe, secured and efficient ways, thereby putting them ahead in digital banking, not just in Nigeria but Africa. We are delighted to set the pace regarding the use of the Next Generation ATM in Africa which enables customers to use their mobile phones to remotely initiate ATM-based cash withdrawals via our *894# USSD banking or FirstMobile application. At the core of our strategy lies innovation which is critical to adapting to the new normal’.

 

 

 

According to Olufemi Adeoti, Managing Director, Inlaks, “given that consumers are more adaptable to mobile technology Inlaks – the Africa’s leading Information Technology Solutions provider together with Hyosung ATM OEM are partnering with FirstBank to introduce the first fully compliant COVID-19 FinTech ATM. This is in alignment with the ‘new normal’ desired customer experience which includes digitalization and delivering a secure contactless cash access to the bank’s FirstMobile customers for better user experience, simplicity, speed and convenience’’

 

 

 

In recognition of its giant strides at promoting electronic banking in the country, FirstBank’s mobile banking application – FirstMobile –  was recently awarded the Best Mobile Banking App award 2020 in the Global Finance Best Digital Bank Awards 2020 as well as 2019 Best Mobile Banking App by Global Business Outlook.

 

 

 

FirstBank has been at the forefront of promoting electronic banking solution in Nigeria. In 2017, the Bank was recognized as the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million ATM cards to customers across the country. The bank was the second in Africa to achieve the milestone.

 

 

These feats are achieved through the trusts in its industry leading innovative banking solutions by over 10 million customers on its USSD *894# banking platform and over 4.1 million customers on its FirstMobile banking application, endearing the Bank to process about 30% of card transactions in the entire banking industry in the country.

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Property mogul; Dr Shakirat Ayobami floats NGO

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Property mogul; Dr Shakirat Ayobami floats NGO

In the competitive landscape of Nigeria’s real estate industry, Dr. Shakirat Ayobami emerges as a formidable leader and innovative force. As the founder and driving force behind White Rose Properties, she has successfully carved out a distinct niche for herself in a sector that has historically been dominated by men. Her journey is a testament to resilience, marked by her unwavering determination to overcome challenges and break through the barriers that often hinder women’s progress in such fields.

Dr Ayobami’s strategic mindset and sharp business acumen have been pivotal in elevating her company to unprecedented heights, allowing it to thrive despite fierce competition. Her achievements reflect not only her hard work and dedication but also serve as a powerful challenge to societal stereotypes that often discourage women from pursuing ambitious careers. Despite facing scepticism and criticism from some quarters, her success stands as a beacon for aspiring entrepreneurs, particularly women, in Nigeria. Through her leadership and commitment to excellence, Dr. Ayobami is reshaping the future of the real estate sector.

Starting her career as a property realtor, Dr. Ayobami embodies the “girl child can do spirit,” which champions resilience, determination, and hard work. With years of experience that have transformed her ideas into stunning condominiums and homes that enrich the skylines of Lagos, she has remained steadfastly connected to her humble beginnings. Her journey has been one of grit; having faced significant challenges before reaching the pinnacle of the real estate business, she now owns properties in prime locations across Lagos and has built a loyal clientele. This loyalty stems from her meticulous attention to detail and her passion for delivering exceptional quality in every project.

In her commitment to giving back to society, Dr. Ayobami recently established The White Rose Foundation, a non-governmental organization dedicated to supporting abandoned children whose families can no longer afford their educational needs. Over the years, her deep sense of social responsibility has driven her to pay school fees for vulnerable children, an effort that has cost her millions of Naira. As demand for assistance grew, she decided to channel the proceeds from her business to expand her charitable efforts, ensuring that more beneficiaries could benefit from her foundation’s initiatives. In celebration of her 40th birthday, she aims to touch more lives through educational grants, reflecting her desire to empower youth and create a brighter future.

In contrast to many of her peers who might host extravagant parties to mark such milestones, Dr Ayobami has chosen to adopt over 100 vulnerable children in each state across the nation to benefit from her scholarship scheme. This initiative is designed to empower them and offer them a more promising future. She plans to initiate the selection process in her home state of Osun and subsequently extend it to Lagos State, where she resides.

“The desire to establish a charity organization stems from my own experiences as a woman, which have shaped my perspective on life,” Dr. Ayobami explains. “I recognize that to break the cycle of adversity that I endured while growing up, I must ensure that others have access to the educational opportunities I once fought for. My educational scheme is not just about empowerment; it is about opening doors to new possibilities for these children in the future.” With her unwavering vision and commitment to social change, Dr Shakirat Ayobami is making a profound impact, one life at a time.

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Dr. Ifeoma Eze Delivers Inspiring Message on Value and Purpose

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Dr. Ifeoma Eze Delivers Inspiring Message on Value and Purpose

 

Abuja, Nigeria – Dr. Ifeoma Eze, a renowned minister, author of books and wife of Prophet Okwudili Eze, General Overseer of Zion Heritage Ministries, recently delivered a powerful sermon titled “Your Gift Is an Instrument of Value.” Drawing from her book, Becoming A Person of Exceptional Value, Dr. Eze’s message challenged individuals to recognize their worth and embrace their God-given purpose.

 

During her sermon, Dr. Eze defined value as the measure of one’s usefulness through acquired skills and the ability to provide solutions. She emphasized that an individual’s value is determined by who seeks them, who needs them, and who demands what they carry.

“Value means that what you have to offer on the table of life is useful, needed, and relevant,” she stated. “It is your value that transports you to the level of relevance that you desire.”

Dr. Eze further explained that different levels of value attract different audiences. While some talents may appeal to the sick, the hungry, or the vain, others will draw the attention of kings, royalty, and influential personalities. She posed a critical question to her audience: “What kind of value do you bring, and who do you bring it for?”

To illustrate her point, Dr. Eze referenced the biblical story of Hiram of Tyre, a skilled craftsman sought out by King Solomon for his expertise in brasswork (1 Kings 7:13-14). She used this example to highlight how exceptional value creates demand and opens doors to extraordinary opportunities.

Dr. Eze also drew inspiration from Jeremiah 1:5, where God affirms that He knew His people before forming them in the womb. She urged individuals to recognize their God-given potential, declaring that everyone is uniquely gifted to become a trailblazer, a pacesetter, and a generational curse breaker.

“Before He formed you, He knew you were full of potential, loaded with greatness, and anointed for impact. He knew you would be a source of transformation, bringing people to the saving knowledge of Christ,” she proclaimed.

Her message serves as a call to self-discovery and purposeful living, reminding believers that their gifts are not merely talents but divine tools for influence and kingdom advancement.

Dr. Ifeoma Eze’s sermon aligns with the themes of her book, Becoming A Person of Exceptional Value, which continues to inspire countless individuals on their journey to discovering their true worth and fulfilling their God-given purpose.

Through her teachings, Dr. Eze is empowering people to embrace their unique gifts, break barriers, and make a lasting impact in their communities and beyond. Her work stands as a testament to the transformative power of recognizing and living out one’s value.

For more information about Dr. Ifeoma Eze’s ministry and her book, visit Zion Heritage Ministries or follow her on social media platforms.

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TETFUND plans strategic partnership with NILDS

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TETFUND plans strategic partnership with NILDS

TETFUND plans strategic partnership with NILDS

 

The Tertiary Education Trust Fund (TETFund) team led by its Executive Secretary, Arch. Sonny Echono, has visited the headquarters of the National Institute for Legislative and Democratic Studies (NIFLDS), in Abuja.

The working visit aimed at promoting strategic cooperation came on the recent announcement by President Bola Ahmed Tinubu, through TETFUND, to focus more on restoration of infrastructure in tertiary institutions at the state and federal levels.

The NILDS is an organ of the National Assembly that supports the sustenance of dynamic and effective Legislature in Nigeria; at Federal, State and Local levels and the ECOWAS sub-region.

The TETFUND team was received by the Director General of NILDS, Prof. Abubakar Sulaiman, who expressed eagerness on the possibility of collaboration between the two agencies.

Through its training programmes, NILDS enhances the capacities of legislators and staff to become more effective in carrying out their mandate; while TETFUND on its own, provides funding for educational facilities and infrastructural development.

TETFUND plans strategic partnership with NILDS

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