Dr. Adesola Adeduntan - FirstBank CEO

FirstBank gives waivers, moratorium as lender promotes e-learning for Nigerians

FirstBank Limited has unveiled an enhanced palliative measures to help its customers and Nigerians through these times of the extended COVID 19 lockdown in some states.

According to statement from the bank, the management introduced special waivers on repayment fees on the Bank’s credit cards as well as up to 90-days moratorium on SME loans.

The bank revealed this in the week that the Lagos State Government & Roducate e-learning initiative sponsored by FBN had kicked off.

Dr. Adesola Adeduntan, the Chief Executive Officer, said with these measures, FBN is delighted to support its customers.

“You all have empowered us to do so by choosing to Bank with us”, the CEO said.

FBN said the aim of these is to cushion the impact of the toll on employment and livelihoods.

The e-learning initiative includes the government accredited curriculum for primary, secondary and tertiary schools designed to ensure children are adequately guided and engaged through their learning experience.

MarketForces recalled that upon the lockdown in March, the Bank had announced to move One Million children to e-learning.

This was implemented with a number of renowned organisations that have come on board from within and outside the continent.

FBN’s partners for the program include IBM, which is providing opportunities for the acquisition of digital skills including Coding, Artificial Intelligence and Data Science & Analytics which would promote opportunities to learn skills of the future.

The bank stated that these measures are taken in identifying with the roles of children at securing the future of any country.

Reflecting on the words by Benjamin Franklin, thus ‘an investment in knowledge pays the best interest’ Dr. Adeduntan, said “in keeping with who we are at FirstBank, our commitment to self-development and continuous improvement is never far from our thinking.

“As such we are encouraging all to consider and register for any of the excellent programmes being offered free by Ivy League schools and have curated a list of them covering topics such as management, personal development, and entrepreneurship which can be found on our website”.

“This is indeed a time to double down efforts and explore opportunities to ease the impact of the extension on you.

“Once again, we appreciate our customers for the giant strides achieved on our alternative channels, as we assure you of our commitment to continue to work tirelessly to provide essential banking services across these channels.

“The transaction volumes is a positive testimony to the resilience of our staff and your Bank to keep things going as COVID 19 will neither defeat nor slow us down.

“We remain fully persuaded that together we will overcome this too.”

“Our experience over 126 years tells us the solutions lie within us, more than ever as we uphold our promise to you to be here for you and put You First always,” he concluded.

FirstBank gives waivers, moratorium as lender promotes e-learning for Nigerians


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