FCMB Group PLC

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Lagos: June 4, 2014 - First City Monument Bank (FCMB) Limited has taken its contribution to the success of the Financial Literacy programme to new heights by donating 30 new computer systems to Community Secondary School (CSS), Aka-Offot in Uyo, Akwa Ibom State. The donation was done to both fulfil the pledge the Bank made during the financial literacy lecture series organized in March 2014, in commemoration of the 2014 Global Money Week and Financial Literacy Day, and also as part of its activities celebrating Children’s Day held on May 27.

 

Community Secondary School (CSS), Aka-Offot was adopted by FCMB for a full year as part of the financial literacy programme and initiative. The programme, an initiative of the Bankers’ Committee in collaboration with the Central Bank of Nigeria (CBN), is focused on educating Nigeria’s youth about their economic environment, impressing upon them the importance of saving, entrepreneurship and wealth creation. During the year, FCMB will mentor the students, teach them about the Banking, finances and how they can save and grow their money.

 

In March 2014, while visiting the Community Secondary School to deliver its first teaching module, FCMB toured the school, speaking with the students, teachers and principal, while also assessing the needs of the school and its capability to deliver good quality education to the students. It was through this exercise and as part of it Corporate Social Responsibility that the Bank decided to go much further than the directives and objectives of the Financial Literacy programme and donate a computer library, equipped with new computers, to the school.

 

Speaking at the presentation of the computers at the school on May 27, 2014, the Group Managing Director/Chief Executive of FCMB, Mr. Ladi Balogun, said the gesture is aimed at building the capacity of the students to facilitate knowledge and skill, particularly on the use of information technology devices. This he said “can effectively motivate them to understand and key into the financial literacy and inclusion agenda’’. He described the programme as an important step in nation building, adding that if maintained, could serve as the much needed solution towards the eradication of poverty in the country. ‘’Effective education is required to overcome ignorance, poverty and other challenges. By inculcating the right education and attitude among our children, they will be able to realise their potentials and contribute significantly to the development of the country’’, Mr. Balogun stated.

 

According to him, FCMB would continue to contribute to the success of the financial literacy project, ‘’as it aligns with one of the core aspects of our value proposition, which is to be helpful’’.  While restating the passion of FCMB to always support initiatives and programmes that would empower youths to fulfil their aspirations, he noted that, ‘’we are committed to helping not just our customers but everyone around us so that we can together build a sustainable business and society’’.

 

In his response, the School Principal, Mr. Jones Obobikpe, expressed gratitude to FCMB for the gesture. ‘’By committing both human and financial resources to the realisation of the objectives of the financial literacy programme, the Bank has further demonstrated that it cares for the educational development of students, well-being of youths, the society and community in which it conducts business’’, he said. In closing, Mr. Obobikpe stressed that, “FCMB has truly demonstrated what it means by the slogan “My Bank and I” as they are indeed part of us, part of our community”.

 

 

First City Monument Bank Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of personal and business aspirations of its customers.

 

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