Finance

November 9, 2014

Fidelity Bank splashes N12.7m on ‘Save 4 Scholarship’ winners

Fidelity Bank plc has rewarded another set of winners in its on-going ‘Save 4 Scholarship’ promo with total cash prize of N12.7 million alongside other consolation prizes.

The nationwide draw, which was the third since the commencement of the promo, saw 32 winners from the six geopolitical zones in the country carting away cash prizes ranging from N2million (star prize), N1million, N500,000 and N210,000, including six Generating Sets and Refrigerators.

Speaking at the event, the Group Managing Director/CEO, Mr. Nnamdi Okonkwo, represented by I.K Mbagwu, Executive Director, Lagos & South West, said that aggregate savings in the bank has grown by over 10 percent in the last seven years following different promos initiated by the bank to increase savings culture in the country.

He added that the bank has raked in about N50 billion in savings accounts in the last two years, with the figure heading to a N100 billion presently.

He said that visitors at the on-going Lagos International Trade Fair stand a chance of benefiting from the promo as the bank will give out various prizes to customers that take will advantage of the Fair to open savings account with the bank.

He said, “You have seen that most of the winners, those we were able to reach immediately, were very happy. We are happy that people are actually participating and winning; we just we want to encourage many more people to continue do the same thing because you can also be a winner. So, it is something that we are very happy about; we are passionate about it. As you have heard, we still have about N38 million to be won, so people can continue to save.”

Also speaking, Mr. Emeka Obiagwu, General Manager, Fidelity Bank, said, “You heard when we spoke to some of the winners, for them, it was surprising and they took the message that they will go out there to tell their friends and relatives. The message for those that are yet to open account with us is that they should do so immediately and begin to save.”

To participate in the monthly draw, all a customer needs to do is to open a savings account with the bank and grow it to N20,000, while the existing customer is required to top up his account with N10,000 or more to qualify. The amount won is payable over five years and can be converted to cash.