First Bank of Nigeria Limited has expressed its commitment to driving financial inclusion across Nigeria. Chief Executive Officer, FirstBank, Dr. Adesola Adeduntan made this known during the Firstmonie Agent Banking national award ceremony, recently held in Lagos.
This is even the bank rewarded 37 leading Agents that have promoted financial inclusion in the country. The sum of N250,000 was won at the State level by 31 Agents; N1,000,000.00 at the Regional level by 5 Agents with the grand prize being the sum of N2,500,000.00 at the National Level.
Adeduntan explained that with the Firstmonie agent network initiative, the gap between the tech-savvy and the low literacy clients has been breached as Firstmonie agent represents the convenient and comfortable alternative for customers that are unacquainted with sophisticated digital channels.
In his remarks, the Deputy Managing Director, First Bank of Nigeria Limited, Mr. Francis Shobo, noted that the agents are the most critical part of the banking ecosystem because they take deposits, make payments and open accounts, provide transfers and sell airtime at locations with little or no access to financial services.
Shobo lauded the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele for the role the apex bank has played, stating that the CBN has made a lot of changes in regulation around agency banking, “they have allowed the programme to scale as much as it has scaled.”