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COVID-19: FIRSTBANK’S FIRSTMONIE LEADS THE PACE IN AGENT BANKING

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By Bolatito Adebola

In this COVID-19 era where movement is restricted in some major parts of the world – including Nigeria – with many Banks and business reengineering efforts to improve the adaptability of their customers to electronic ways of carrying out business, Firstmonie Agents, an agent banking initiative from First Bank of Nigeria Limited is bridging the gaps and helping people to meet their needs of accessing the funds to buy food items and groceries as well as to send money to their loved ones.

This is one of the many measures by the premier financial institution in Nigeria to support the need to promote social distancing and the reduction of physical interactions of people in large numbers, thereby guarding against the spread of the coronavirus.

FirstBank introduced this innovative channel three years ago, with the aim of bringing banking to close those who live

in the rural areas and to every Nigerian -regardless of where they are in the country.

Firstmonie Agents also ensure individuals in the suburbs do not have to travel for long hours to the city for their banking activities. The gap between the tech-savvy and the low literacy clients has been bridged as Firstmonie Agent network represents the convenient and comfortable alternative for customers that are unacquainted with the sophisticated digital channels.

With over 53,000 Firstmonie Agents spread across 99% Local Government Areas in the country, the laudable initiative by FirstBank is another way to bank – without visiting a Bank – which allows you to make cash deposit, transfer money to any bank and enjoy other banking services like bills payment and purchase of recharge card amongst others.

Recently, Halima, a FirstBank customer who is a housewife and petty trader, residing in a remote area in Abuja expressed her delight on the Firstmonie Agent initiative as she was able to easily get cash from an agent nearby to procure groceries for herself and her three children. Her bank being far away in Garki was too far to visit to get money. Thanks to Firstmonie which she discovered through her co-tenant, her joy knew no bounds as Halima was able to access her money at the Firstmonie Agent outlet close to her, as well as send money to her mother in far away, Maiduguri in Borno State.

Another customer in Lagos, Adeoye, a civil servant also lauded this brilliant initiative from FirstBank and narrated his experience when he visited the stand of Firstmonie in Ojota area of Ogudu, Lagos. He explained that he was able to do his transaction with ease.

According to Mrs. Sadia Folorunsho, she said ‘I did not know FirstBank has this wonderful service within my area as it actually saved my family from hunger as I was able to perform banking activities without being in the bank,’ she stated.

These are what the management of First Bank of Nigeria Limited, led by its CEO, Dr. Adesola Adeduntan has been able to make available well ahead of time, since no one knew there might be a pandemic that will warrant a lockdown.

Its Firstmonie Agents at every nook and cranny in Nigeria has been able to remove the burden from the shoulders of Nigerians and allow many to carry out several transactions at Firstmonie Agent locations, within close proximity of their home.

Firstmonie Agent banking is a channel specifically designed by FirstBank to bring financial services closer to the unbanked and underbanked segment of the society whilst promoting existing businesses within the communities to deliver their services and contribute to the growth and development of the economy.

With the spread of its Agent Banking network, FirstBank has been able to indirectly create over 150,000 jobs as the Firstmonie Agents have had to employ the services of other individuals to build their businesses and meet the financial needs of individuals in its community.

So far, the Bank has deepened financial inclusion through Firstmonie Agents with 237.3 million transactions processed through the network at a monetary value of over 4.08 Trillion Naira.

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NAPS COMMENDS OPAY DIGITAL SERVICES FOR ITS STUDENT SCHOLARSHIP INITIATIVE

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NAPS COMMENDS OPAY DIGITAL SERVICES FOR ITS STUDENT SCHOLARSHIP INITIATIVE

 

The National Association of Polytechnic Students (NAPS) acknowledges and commends Opay Digital Services for its significant commitment to the educational advancement of Nigerian students through the Opay Scholarship Program.

NAPS COMMENDS OPAY DIGITAL SERVICES FOR ITS STUDENT SCHOLARSHIP INITIATIVE

The leadership of NAPS, under the stewardship of Comrade Oyewumi Festus Ayomide, has been actively engaged in discussions with Opay Digital Services to facilitate meaningful collaborations that benefit polytechnic students across Nigeria. These deliberations have now yielded a remarkable milestone as Opay Digital Services has entered into a strategic partnership with polytechnics across the nation. The scholarship initiative, which officially kicks off today at Kwara State Polytechnic, Ilorin, marks the beginning of a nationwide rollout aimed at empowering polytechnic students for the next ten years.

This scholarship program is designed to alleviate financial burdens that hinder students from pursuing higher education, aligning with NAPS’ commitment to academic excellence, inclusivity, and student empowerment. The initiative will provide financial support to deserving students, ensuring that economic constraints do not hinder their academic and professional growth.

Key Benefits of the Opay Scholarship Program:

Access to quality education and financial assistance for students with demonstrated need.

Promotion of inclusivity by ensuring equal opportunities for all eligible students.

Enhancement of employability and future career success for scholarship recipients.

Encouragement of academic excellence and holistic student development.

Reduction of financial burdens associated with tuition fees and educational expenses.

Support for students in their career aspirations through funding for internships, research opportunities, and professional development activities.

Eligibility Criteria:

Must be an undergraduate student enrolled in a tertiary institution.

Open to students from all departments and academic levels.

Must have an active Opay account.

Scholarship Structure:

Each beneficiary will receive ₦300,000 per academic session.

20 students from each tertiary institution will be selected.

The scholarship will be extended to institutions across Nigeria’s six geopolitical zones.

During a stakeholder meeting at Kwara State Polytechnic, NAPS President, Comrade Oyewumi Festus Ayomide, commended Opay Digital Services for its leadership in the fintech sector and its dedication to student welfare. He also urged the Federal Government to support Opay’s initiative, as it aligns with the government’s Nigeria Education Loan Fund (NELFUND) policy. Additionally, he called on other fintech companies to emulate Opay’s commitment to education.

The Rector of Kwara State Polytechnic also lauded the initiative and encouraged Opay to consider further investments in student development, including projects such as Opay Farm, Opay ICT Center, Opay Library, and Opay Sports Festival, among others.

Mr. Itoro, the Manager of Corporate Social Responsibility (CSR) at Opay Digital Services, expressed his appreciation for the positive reception and collaboration from NAPS and polytechnic institutions nationwide, affirming Opay’s commitment to supporting Nigerian students.

NAPS remains dedicated to fostering impactful initiatives that elevate the educational and professional prospects of polytechnic students nationwide. We urge all students to remain engaged and supportive while rejecting misinformation or deceptive promises from external influences.

Our commitment remains unwavering—until all polytechnic students in Nigeria stand out in all aspects, Aluta Continua!

Co-Signed:
Comrade Oyewumi Festus Ayomide
National President, NAPS

Comrade Jimoh Ibrahim
Public Relations Officer, NAPS

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Milestone Achievement: LASUSTECH Mass Communication Department Secures ARCON Nod

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Milestone Achievement: LASUSTECH Mass Communication Department Secures ARCON Nod

LASUSTECH Mass COMMUNICATION DEPARTMENT EARNS FULL ARCON ACCREDITATION

 

Lagos, Nigeria – The Advertising Regulatory Council of Nigeria (ARCON) has granted the Department of Mass Communication at Lagos State University of Science and Technology (LASUSTECH) a five-year full accreditation to run advertising-related courses. This milestone achievement is a testament to the department’s commitment to excellence and its positioning for global competitiveness.

The accreditation exercise, conducted in January 2025, underscores the department’s adherence to industry standards and best practices. With this accreditation, students of the department will no longer need to write the ARCON professional examination before applying for membership in the noble council.

According to Dr. Steven Anu’ Adesemoye, Head of Department, Mass Communication, “This accreditation is a significant milestone for us, and we’re thrilled to have met ARCON’s rigorous standards. Our students will greatly benefit from this, as they’ll have a competitive edge in the industry.”

The department’s accreditation status places it at a greater advantage in marketing communication training, providing students with a comprehensive education that prepares them for the ever-dynamic media and communication workspace.

“As we continue to reculture and position ourselves for global competitiveness, this accreditation serves as a validation of our efforts,” said Adesemoye.
“We’re committed to providing our students with a world-class education that equips them for success”

The department is open to mutual collaborations, seeking to leverage partnerships with industry stakeholders to enhance its curriculum and provide students with practical, real-world experience.

“We’re excited to collaborate with industry partners to further enrich our curriculum and provide our students with the skills and knowledge required to excel in the industry,” added Dr. Adesemoye.

With this accreditation, LASUSTECH’s Mass Communication Department solidifies its position as a leading institution for media and communication education in Nigeria, offering students a globally recognised qualification that opens doors to exciting career opportunities.

The Dean, College of Applied Social Sciences (CASS), Professor Olamuyiwa Olamade felicitate the department for the academic feat, “The College extends heartfelt congratulations to the Department of Mass Communication and expresses its gratitude to the Vice-Chancellor for meeting our accreditation requirements, leading to this significant achievement.”

Milestone Achievement: LASUSTECH Mass Communication Department Secures ARCON Nod


Public Relations and Advertising, Unit,
Department, Mass Communication

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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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