…rewards loyal customers

By Juliet Umeh

A financial institution, LAPO Microfinance Bank, has reinforced the importance of a savings culture by rewarding 50 loyal customers with N50,000 each, while one lucky winner received N1.5 million at the third edition of its Xpress Savings Promo Raffle Draw.

The winners were announced following a raffle draw conducted on Friday at the micro finance office in Maryland. Representatives from the Lagos State Lotteries and Gaming Authority were present to oversee the proceedings, ensuring fairness and compliance with regulations.

Managing Director of LAPO MfB, Cynthia Ikponmwosa, explained that for one to be eligible for the draw, Xpress Savings account holders were required to save a minimum of ₦20,000 monthly for three consecutive months or make a total deposit of ₦60,000 in their LAPO Xpress Savings accounts between October 1, 2024, and December 31, 2024.

While congratulating the winners, Ikponmwosa emphasized the importance of cultivating a savings culture for financial security. She also encouraged customers to continue saving for a chance to win in future editions.

She said: “The success of this promo, culminating in the rewarding of dedicated savers, highlights the power of small but consistent efforts in building financial resilience.

“Congratulations to all the winners, and we look forward to continually supporting your journey toward financial growth and prosperity,” Ikponmwosa said.

Also, Director of Marketing and Corporate Communications at LAPO, Oluremi Akande, reaffirmed the bank’s commitment to financial inclusion.

“We are delighted to reward our customers for their loyalty and dedication to cultivating a sustainable savings culture. The LAPO Xpress Savings Promo continues to inspire individuals across Nigeria to take charge of their financial future, and we are proud to celebrate their efforts through this initiative,” Akande said.

The financial institution noted that the winners, drawn from various states across Nigeria, serve as an inspiration for others to embrace consistent saving as a pathway to financial security.

It stated that it remains dedicated to transforming lives through innovative financial products and a commitment to sustainable development.