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Sterling Bank’s inhumanity overdose: customers sit on the bare floor, begging to withdraw 

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Sterling Bank's inhumanity overdose: customers sit on the bare floor, begging to withdraw 

Sterling Bank’s inhumanity overdose: customers sit on the bare floor, begging to withdraw 

 

 

 

 

”In our meetings with the banks, we have told them to set up tents and chairs, and give people numbers.” These were the words of The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who appealed to Nigerians days ago to show understanding about circulation and the accessibility of the new Naira Notes.

 

 

 

 

 

 

Emefiele had noted that he was seeing the protests and arguments surrounding the difficulty citizens were facing in accessing the new notes and therefore begged people to show understanding and be calm.

 

 

 

 

 

However, how else can man’s inhumanity to another be described than subjecting your fellow to untold hardship and not be concerned?

 

 

 

 

 

This was the case with one of the leading financial banks in Nigeria, Sterling Bank. Migrating from an identity and slogan of ‘The one-customer bank’ to ‘Your one-customer bank’, Sterling Bank has found it difficult to fulfill its mandate to its teeming customers.

 

 

 

 

Sterling Bank's inhumanity overdose: customers sit on the bare floor, begging to withdraw 

An on-the-spot assessment of some of their branches mostly between Lagos and Ogun suburbs by Omonaijablog.com.ng, showed that CBN Governor’s appeal to the banks to at least show some level of respect and humanity to their respective customers is not of concern to Sterling Bank. 

 

 

 

 

Omonaijablog reports that as early as 6 a.m. this morning, customers in their numbers had converged at one of the Sterling Bank’s branches close to Alagbole Road, Ojodu, with most of them sitting on bare floor!

 

 

Sterling Bank's inhumanity overdose: customers sit on the bare floor, begging to withdraw 

 

Young, old, married, single, businessmen and women, students in their numbers sitting on the floor, some hanging beside the walls of the bank waiting for when the bank’s ATMs will be loaded and till past 9 a.m. when a reporter of Omonaijablog left the premises, there was no cash at sight. 

 

 

 

 

 

Some who could not access the bank over the weekend were seen begging, pleading, and cursing! The scene was pathetic. Seeing people wearing sad emotions on a Monday morning isn’t a a good omen for the week. Something must be done!

 

 

 

 

 

Let us even ask ourselves, what would it cost the bank to hire a few dozen plastic chairs? Why would people go through such difficulties to withdraw their hard-earned money deposited in a bank legally?

How long do people need to be in the queue before the ATMs will be loaded? How many ‘rich guys’ were in the queue, yet they were the first to get the new notes?

What exactly do we refer to as customer service? And that is why notes were available at parties: birthdays, burials, etc. Being thrown about and trampled upon in ecstasy at events. Propelled by choice of wine and spirit, the rich flaunted the new currency and exposed the conspiracy with the banks.

This was the same bank whose one of the managers was arrested and paraded by CBN’s monitoring team over the week in Ado Ekiti for hoarding about #6 million new notes in the bank’s vault.

In a trending video on social media as reported by Omonaijablog.com.ng, 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.

And to serve as a deterrent, the CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

These commercial banks should know that the situation in Nigeria now is terrible and is eating deep into the downtrodden masses.

So, their efforts at sabotaging the whole process should be jointly condemned by all well-meaning Nigerians. Or how best can you describe a bank manager who hoards and sell the new Naira Notes to the highest bidder?

This is definitely different from how to lead a nation to prosperity. People are passing through pains!

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Wema Bank Plans to Celebrate International Women’s Day 2023

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Wema Bank Plans to Celebrate International Women's Day 2023

Wema Bank Plans to Celebrate International Women’s Day 2023

Wema Bank, Nigeria’s most innovative bank, is preparing to celebrate International Women’s Day 2023. The bank aims to honor women and provide them with opportunities to achieve success in their personal and professional lives. The celebration will be held on March 8, 2023, in Lagos.
Wema Bank Plans to Celebrate International Women's Day 2023
This year’s global theme, “Embrace Equity,” will be the focus of the event. The discussion will center on the topic of equity and achieving economic growth for women in their careers and businesses. The event will feature, keynote speaker Audrey Joe-Ezigbo, as well as panelists Tosin Olaseinde, Fela Durotoye, and Adenike Oyetunde-Lawal.
The event aims to celebrate and appreciate Wema Bank customers and the Nigerian Women in General while equipping them with knowledge they need to succeed in their careers and businesses. According to Mabel Adeteye, Head of Brand & Marketing Communications at Wema Bank, the event will enable women to achieve economic, financial, and mental growth.
Sara by Wema, the bank’s women’s proposition, has been designed to grow with women and has proven to be the best solution, with tailored offerings ranging from health plans to business financing and advisory services. Individuals who wish to attend the event, either virtually or in person, must register on the Wema Bank website https://wemabank.com/sarabywema/
Wema Bank is Nigeria’s oldest indigenous financial institution, offering a range of value-adding banking and financial advisory services for 77 years. The bank was incorporated in 1945 as a Private Limited Liability Company and transformed into a Public Limited Liability Company in 1987, listing on the Nigerian Exchange.

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Stanbic IBTC Bank Continues To Reward Savvy Savers”

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Stanbic IBTC Ready for Seamless Transactions as Cashless Policy Takes Effect"

Stanbic IBTC Bank Continues To Reward Savvy Savers

 

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc has continued to reward its customers for their commitment to saving.

 

 

 

In its January edition of the Reward4Saving Promo Season Two, the Bank rewarded 70 more customers with cash prizes for meeting the required savings milestones. With ten people emerging from seven (7) regions, 70 winners across seven regions were rewarded with N100,000 each for adopting the discipline to save for their goals.

 

 

Eronmonsele Omiyi, Head, Consumer Client Coverage, Stanbic IBTC Bank described the Reward4Saving promo as teaching Nigerians to build healthy financial habits and helping them get more money as rewards for meeting their goals.

 

 

 

 

 

He said, “This journey started in 2021, and it is commendable that people go all out to save money, despite the current prevailing financial circumstances in the country. Our commitment to helping customers reach their financial aspirations was evident in the overwhelming response to the Promo. Our customers’ success is our success, and we are dedicated to providing them with the support needed to reach their financial goals.”

 

 

 

Stanbic IBTC Bank Continues To Reward Savvy Savers"

 

 

 

Olufunke Isichei, Head, Established Markets, Stanbic IBTC Bank, congratulated the winners who emerged after the draw, reiterating the Bank’s commitment to reward customers till the end of the promo in March 2023.

She said, “So far, 21 people have won N1 million each, and about 630 people have won N100,000 each. We are not tired of rewarding Nigerians if they are not tired of saving. There are two more monthly draws, one quarterly draw and the grand finale coming up before the promo ends.”

The Stanbic IBTC Reward4Saving Promo is a nationwide campaign to encourage Nigerians to save at least N10,000 in their Stanbic IBTC savings account for 30 days. Customers who emerge winners get rewarded with cash prizes ranging from N100,000 to N2million.

To be a part of the promo, customers can download the Stanbic IBTC mobile app, dial *909*37#, visit the web portal or any Stanbic IBTC Bank branch or an @ease agent to open an account or @ease wallet to open an account and save at least N10,000 for 30 days to qualify for the draw.

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Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

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Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

Lagos, Nigeria, February 18, 2023: A Chief Magistrate Court sitting in Ikeja , Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt.
Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison
The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor),  Prince Enabulele Osazee, (judgement debtor) and Fidelity Bank Plc, (1st Garnishee/Applicant).
The court in an earlier ruling delivered on February 6, 2023,  held that the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe and the Company Secretary, Mrs. Unuigboje Ezinwa should be committed to six weeks’ imprisonment over alleged disobedience of a garnishee order of the court restraining the bank from allowing a judgement debtor access to his account.
However, at the resumed proceedings on the matter on Feb 15, 2023, the court vacated the committal order on the premise of facts presented before the court that the alleged acts of contempt were not deliberate but arose out of communication gap between the said parties and the erstwhile counsel. The court in its ruling also stated that the error or sin of the counsel should not be visited on a party or litigants. The court also noted that the monies which was the subject matter and fulcrum of the contempt proceedings has since been paid to the judgment creditor.
“From the materials presented before this court by the applicant, this application falls within the classic rule where the error or sin of the counsel should not be visited on a party or litigants. Moreover, the applicant has averred that the monies subject matter, the fulcrum of the contempt proceedings had since been paid to the judgment creditor. Having fully discharged this payment to the satisfaction of the judgment creditor, this court should not be seen to cry more than the bereaved”, Mr Lateef Owolabi held.
 The solicitor to the bank explained that Fidelity Bank, being a law abiding institution that will never or under any circumstance, directly or indirectly denigrate the integrity of the nation’s judiciary, had upon receipt of the garnishee order nisi on December 22, 2022, conducted a search immediately, and the result showed several accounts bearing similar names to the Judgment Debtor’s (Prince Enabulele Osazee). To prevent the bank from erroneously restricting the wrong account, the bank filed an affidavit requesting additional account details to enable it ascertain the correct account(s) to restrict.
He further stated that, on January 16, 2023, the bank received the Judgment Creditor’s affidavit showing the account number of the Judgment Debtor. Armed with the correct account number, the bank immediately identified and placed a lien on the Judgment Debtor’s account. Unfortunately, during the intervening period, the judgement debtor had carried on depositing and withdrawing from his account.

In vacating the order on February 15,2023, the Chief Magistrate held that based on the materials before the court, the applicant has been able to tether the law to the facts to warrant the grant of the relief sought on their own strength and not based on lack of opposition.

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