He said that it was one of the ways to encourage flow of money into the banking sector by getting people to bring their money into the bank and also appreciate the bank’s customers.
Okonkwo said that the initiative was in line with the Central Bank of Nigeria’s directives for financial inclusion, noting that about 60 per cent of Nigerians were still unbanked.
“We are also using this medium to appreciate our customers because there is no institution that will thrive without a customer base.
“We love our customers and we are giving back to them to show them that they are special and they mean a lot to us,” he said.
The Managing Director said that the bank would continue to attract more customers through various digital transformation channels.
He, however, called on customers to continue to save with the bank for their future endeavours.
“Savings will transform your life and people must learn to keep something for the rainy day,” Okonkwo said.
Also speaking, Mrs. Janet Nnabuko, the Promo Manager, said that the promo was for both old and new customers and consists of monthly draws and bi-monthly draws.
“To be eligible participate in the monthly draws, you should have an existing savings account and top it up with N10, 000 every month and for the bi-monthly draws, you have to maintain a minimum of N50, 000 every month to participate”.
Reports said 11 customers of the bank won M1m each, while one customer won the star prize of N2m.
Some other customers were rewarded with consolidation prizes, comprising generators, refrigerators and television sets.
Some of the cash prize winners were Ms. Chinyere Chima, Mr Chukwudi Obi, Mr. Roberts Oronne and Mr. Ale Samuel who won N1m each, while Mr Ifeanyi Chiedozie won the star prize of N2m.