First City Monument Bank, FCMB, Limited, has again demonstrated its commitment to sustainable education and empowerment of youths by organising full interactive training sessions on financial literacy for students of thirty secondary schools in Nigeria.

This development is part of the bank’s contributions towards securing the future of young Nigerians by encouraging the adoption of savings and other financial management techniques at an early age to enhance their general well-being, in line with the Corporate Social Responsibility, CSR, philosophy of the bank.

The sessions took place simultaneously in five secondary schools each in six states, including Anambra, Kebbi, Cross River, Ondo, Nasarawa and Taraba.

This formed part of the bank’s activities to commemorate the 2017 Global Money Week and Financial Literacy Day celebration, with the theme, Learn, Earn and Save.

•Jonathan D. Long, Chairman FCMB & •Ladi Balogun, MD/CEO

In his presentation to students of St. John of God Secondary School, Awka , Anambra State, Mr. Okey Ezeala, Regional Director, South-East/South-South, FCMB, said imbibing financial principles at an early age would go a long way to help students and the young ones work hard, manage their resources effectively, appreciate how money works and how it could be channeled to productive ventures.

While advising them to avoid spending money on frivolities, Ezeala also counseled the students on the need to open bank accounts and develop the habit of saving part of their income, no matter how small.

Ezeala, who represented the Managing Director of the bank, Mr. Adam Nuru, said: “Our young people are the hope and future drivers of this country.

‘’We want them to understand and appreciate the importance of prudent management of resources in ensuring their personal well-being, financial security and independence in future. Saving your money in a box, wallet or at home is a good starting point.

‘’However, this method of saving does not grow your money. Money saved at home should be transferred to a bank or invested after a while.

‘’This reduces the risk of impulsive buying or theft, as this gives your money the chance to grow in a sustainable way.”