A newly licensed regionally-based commercial bank, SunTrust Bank Nigeria Limited, has said its targeted customers are youths who are below the age of 18 years.
This is as the bank urged students and teenagers to imbibe the culture of saving their allowances and incomes, so as to be able to help their selves as well as their parents and guardians in future.
Managing Director of SunTrust, Mohammed Jubrin, spoke yesterday, during a sensitization programme organized by the bank for students of the Niger Delta Science School (NDSS) in Port Harcourt, as part of activities marking the 2016 World Savings Day.
Jubrin stated that there is no law in the country prohibiting youths who are not up to 18 years of age to open bank accounts, pointing out that an individual can open an account at any age.
“At SunTrust Bank, our target are those who are not yet up to 18 years of age. You can open a bank account at any age. You must not get up to 18 years before you can own a bank account,” he said.
Jubrin, who was represented by the Corporate Services Executive, Rowland Onomerike, warned Nigerians against keeping money at home rather than banks.
“Keeping or saving monies at home is not safe way to save money. The money you kept in your home may attract criminals. Secondly, any money you save in the house does not increase, but the money you save in the bank increases through interests,” the SunTrust boss said.
He stated that the essence of the sensitization programme was to educate young ones on savings, adding that it is a discipline for one to save his or her income.
