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COVID-19: FirstBank’s FirstMonie Leads the Pack in Agent Banking
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 funds to buy food items and groceries as well as send 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.
Former President, Chief Olusegun Obasanjo, has reiterated Nigeria’s vast potential and resources, emphasizing the country’s ability to become a global leader. Speaking at the ongoing Ecobank Design and Build Expo at the Ecobank Pan African Centre (EPAC) in Lagos, Obasanjo praised Ecobank for organizing the event, which highlights the architecture, building, construction and design sectors, National Association of Online Security News Publishers, NAOSNP can report.
During his visit, Chief Obasanjo toured the various pavilions showcasing cutting-edge trends, innovations, and sustainable practices in architecture, construction, building materials, household appliances, engineering, and interior design. He expressed admiration for the high quality of work displayed by the exhibitors.
The former president called on leaders at all levels to leverage Nigeria’s resources and drive the nation’s economy to new heights.
The five-day event, themed “Building Nigeria Together,” kicked off on November 27 and will run until December 1, 2024. Sessions begin daily at 10:00 am, with over 60 exhibitors set to showcase their latest products and innovations.
Among the prominent global brands exhibiting are SABA Steel, Nigeria’s largest steel manufacturer; Coleman Wire & Cables, West Africa’s leading cable producer; Donna Spectre, a key player in indigenous oil and gas logistics; Dulux Paints, a top paint brand in Nigeria; HTL Africa, a forward-thinking architectural firm; ITB Nigeria Limited, a leading construction company in Nigeria and West Africa; and Mota Engil Nigeria, a civil construction giant, among others.
The Nigerian Police Force has denied allegation of instigating Chieftainy Crisis in Osun community.
The Force made the rebuttal via a statement signed by the Public Relations Officer of the Force Criminal Investigation Department (FCID), ASP Mayegun Aminat, on behalf of the Assistant Inspector-General of Police incharge of the unit, AIG Ogundele Ayodeji, and made available to the National Association of Online Security News Publishers (NAOSNP).
The statement noted that it was imperative to make the clarification, stressing that both the Online report and the petitioners were false in their narratives.
The FCID maintained at no point did Inspector-General of Police Kayode Egbetokun involved himself or the police in the chieftaincy tussle of the community, adding the IGP has no knowledge of what was going.
The statement reads in full:
Clarification on False Report Regarding Chieftaincy and Police Involvement in Kingship Selection.
The Nigeria Police Force has become aware of a false and misleading report published by Sahara, which claims that the “Force Public Relations Officer, ACP Muyiwa Adejobi, passed down an order from the Inspector General of Police (IGP) to arrest the intending Chief and threatened other kingmakers who insisted that due process must be followed.”
We wish to categorically clarify that this report is inaccurate and does not reflect the facts. The Nigeria Police Force is not involved in the selection of traditional leaders, and at no point did the IGP order the arrest of any individual in connection with the kingship selection process.
The arrest mentioned in the report was carried out following a formal petition submitted by members of the community. The petition alleged that certain kingmakers were engaging in acts of extortion, bribery, conduct likely and threat to life and demanding money from individuals seeking to assume the position of the Olojudo. This form of conduct is not only unethical but violates traditional practices and undermines the integrity of the selection process.
Upon receipt of the petition, detectives from the Special Enquiry Bureau at the FCID Annex in Lagos launched a thorough investigation. The investigation led to the questioning of one individual who admitted to receiving money, as detailed in the petition. Furthermore, this individual acknowledged that others were also involved in this illegal practice and confirmed that payments were made to secure positions.
The investigation is ongoing, and additional individuals suspected of being involved in extortion and bribery will be invited for questioning. Once the investigation is complete, legal charges will be filed against those found culpable.
AIG Ogundele Ayodeji, psc+, the Assistant Inspector General of Police in charge of the FCID Annex Lagos, has urged the public to come forward with any relevant information that could assist in the investigation and ensure that justice is served. He also issued a stern warning to anyone attempting to involve the leadership of the IGP or the Nigeria Police Force in corrupt practices. AIG Ogundele Ayodeji emphasized that anyone found guilty of such behavior will face the full force of the law. As Nigeria police force is not part of kingship selection process and wont parake in such act as the Nigeria Police Force remains committed to maintaining professionalism, integrity, and transparency in all its operations. We reiterate the IGP’s zero-tolerance stance on corruption and affirm that the Force will continue to work diligently to ensure that justice is upheld in all matters.
NTT Summit confirms Keyamo, Musawa, three other ministers for 7th edition in Abuja
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo SAN, and his counterpart at the Ministry of Culture, Arts, Tourism and Creative Economy, Dr. Hannatu Musa Musawa, are among a host of five federal ministers billed to participate at the 7th edition of the National Tourism Transportation (NTT) Summit and Expo, in Abuja, the nation’s capital.
According to the chairman, organizing committee, Mr. Odusanwo, this year’s Summit is to reaffirm the need for synergy and collaboration in areas of operations of the tourism transportation sector for national economic growth and development, as he reeled out some of the presentations expected as sub-themes of the Summit during plenary sessions.
He further disclosed that event speakers for this year’s edition are drawn from key players of the public sector, represented by Ministries, Departments and Agencies (MDAs), and the Organized Private Sector (OPS), as drivers of the industry.
“These include; the Nigerian Shippers Council (NSC), leading discussions on the sub-theme; “Encourage Massive Investment in Water Front Properties, Resource and Etiquette Training;” Nigeria Tourism Development Authority (NTDA), to head discussions on: ‘Connect and Explore: Trusted Travel Hub for Seamless Journeys’.
“The Federal Road Safety Corps (FRSC) will lead presentations on ‘The Relevance of Directional Signs in Tourism Transportation’ ; and the National Council for Arts and Culture (NCAC) will lead presentations on ‘Artistic Collaboration and Partnership in Tourism Transportation’
“The National Institute for Hospitality and Tourism (NIHOTOUR) to lead the panel of discussants on ‘Personnel Training for Enhanced Performance and Service delivery in Tourism, Transportation, and Allied Industries ‘; while the Nigeria Meteorological Agency (NiMet) is leading discussions on ‘Impact of Climate/Weather Forecasting on Tourism in the Sectoral Planning of Nigeria.’
“The Nigerian Export Promotion Council (NEPC) will chair discussions on ‘Nigeria’s Non-Oil Export Procedures: Sharing Expertise on Export Documentation, Logistics and Freight Management in the Tourism Transportation Sector.’
Odusanwo stressed that NTT summits has since inception in 2018, offered the platform for public and private sector stakeholders, producers and consumers in Nigeria and Africa to come together, share ideas, experiences, exchange knowledge and showcase their skills in the growth, development and promotion of the nation’s economic endowments, this time, by promoting the ideals of the value chain inherent in the tourism transportation sector.
Participants at the two-day event will be drawn from major key players and stakeholders in the transportation and tourism sectors such as the airlines, tour and travel operators, administrators of the aviation industry; the maritime industry operators, road transport operators, including major transport owners, car hire and hail ride services. In addition, road traffic and safety agencies, including the FRSC, motor insurance companies; state transport ministries and agencies; rail transport services, are also expected to take part.
Others are operators of the Tourism and Hospitality (T&H) industry including, tourism resort operators, national parks; museums and monuments, state tourism ministries and boards, festivals and tourism events managers; fast food operators; M.I.C.E and destination managers; as well as, service providers in the banking, oil and gas industries.
