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Diamond Bank’s customers win ‘cash for life’ promo

By Yinka Kolawole
Two customers of Diamond Bank Plc have emerged as the pioneer winners of “salary for life”in the the bank’s Savings Xtra promo, amongst other winners of various prizes.

At the first draws of the Savings Xtra Season 2 held in the bank’s head office in Lagos last week, Mr. Olatunde Adekunle Oketade of Lebanon Street, Ibadan branch; and Mrs. Grace Ihekerenma Iloabuchi of 222 Ikwerre Road, Port Harcourt branch, both won the two top prizes worth a value of N24 million each – to be paid N100,000 every month for the next 20 years.

In all, 37 customers of the bank won various prizes at the draw – Five people won Air Conditioning units each, five won Laptops; five won Generators; while another five won LCD TV Sets each. Others are: Motor cycles, five winners, while ten customers each made away with N500,000 in cash.

When contacted on phone after the draw,one of the “Salary for Life” winners,, Iloabuchi, a forty-year old business woman, could not hide her joy, demanding to know how much the prize was worth and how to go about claiming it.

It would be recalled that Diamond Bank introduced the Savings Xtra reward program just over one year ago with the intention of widening our customer base and rewarding existing customers. N200 million in prizes was given away in the first season of the promo, but the amount has been doubled in this second year to N400 million

Speaking ahead of the draw, Head of Retail Banking, Diamond Bank, Mr. Garry Marsh, noted that apart from promoting savings culture among Nigerians, Savings Xtra promo Season 2 is a move by the bank to restore customers’ trust in the banking system, especially after recent developments in the industry.

“Clearly these are turbulent times in the banking industry in Nigeria and we at Diamond Bank understand that we have a role to play in ensuring that the wider general public restore or retain their trust in banks and their management.

“As you know, Diamond Bank was one of five banks that initially came through the Central Bank audit of banks satisfactorily. We have a duty therefore to show leadership in the industry in getting the message across to the public that banks are a safe place to deposit your money and also to ensure that customers get a fair deal when they deposit their money.

Everyone knows that for every one million Nigerians with a bank account, there are several million Nigerians without bank accounts. The industry at large needs to find ways to change this and facilitate banking for everyone.


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