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Nestlé Nigeria Deepens Environmental Stewardship With Nationwide Clean-Up And Community Sensitization Initiative 

For the sixth consecutive year, Nestlé Nigeria has reaffirmed its commitment to environmental sustainability through a nationwide clean-up and community sensitization campaign. This initiative, executed in collaboration with the African Clean-Up Initiative (ACI) and local authorities, mobilized a total of 516 Nestlé Cares volunteers from the Nestlé head office, branch offices, and factories.
The clean-up efforts spanned 11 cities, focusing on high-footfall market hubs such as Oke-Arin Market in Lagos, Utako Market in Abuja, Abubakar Rimi Market in Kano, Satellite Market in Jos, Sabo Market in Sagamu, Bodija Market in Ibadan, Okoko Market in Agbara, Abaji Market in Abaji, Holyghost Market in Enugu, Aguawka Market in Awka and Mile 3 Market in Port Harcourt. These locations were strategically selected based on their waste burden and community impact, resulting in the collective removal of 5,601 kilograms of solid and 379.2 kilograms of recyclable waste, highlighting the tangible results of corporate-community collaboration.
At the Lagos activation, Mrs. Victoria Uwadoka, Lead, Corporate Communications, Public Affairs, and Sustainability at Nestlé Nigeria, emphasized the alignment of this initiative with the World Environment Day theme, “Curbing Plastic Pollution,” She said, “At Nestlé, our commitment to fighting plastic waste is integral to our vision of a waste-free future.
This vision encompasses internal accountability and proactive stakeholder engagement. Through strategic partnerships with the Food and Beverage Recycling Alliance (FBRA) and plastic waste recyclers such as Alef recycling, Wecyclers, Chanja Datti and Maladase Ecopreneurs Management Ltd. (MECOM), we are supporting the advancement of circularity within the plastics value chain.
In addition, our Employee Plastics Collection Scheme (EPCS), launched in 2022, empowers our employees to take responsibility for their environmental impact by recycling their plastic waste.
Through the EPCS, we have achieved diversion of 5,922 kg of plastic waste from landfills. Collectively, our initiatives have successfully retrieved over 61,000 metric tons of plastic from the environment since 2019”.
Dr. Alex Akhigbe, Founder of the African Clean-Up Initiative, articulated the broader vision driving this partnership “This initiative transcends a mere clean-up, it represents a sustainability movement grounded in the principles of collective responsibility, collaboration and the circular economy.
The fight against plastic pollution requires deliberate action. Every bottle collected, every conversation initiated, contributes to shaping a culture of environmental consciousness. Our goal is to inspire a generation that values and protects our planet.”
This annual clean-up campaign demonstrates Nestlé Nigeria’s integrated approach to sustainability, merging operational accountability with grassroots engagement.
As the company progresses in its broader sustainability agenda, initiatives such as this serve as a model for how corporate actions can stimulate community-driven impact, reinforcing the shared responsibility to protect environmental resources today, and for future generations.
Nestlé Cares is Nestle’s employee volunteering platform reflecting Nestlé’s commitment to environmental and social responsibility by engaging employees in community volunteerism. Through various projects, Nestlé Cares empowers employees to make a positive impact in their local communities.
Online Poster by — June 9, 2025 in News 0

 

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in Punisher Coin, also known as Spun. In a notice on Saturday, the commission said its investigations showed that Spun is a meme coin and its promoters or issuers are not registered to operate in any capacity in the Nigerian capital market. The SEC said meme coins have no use case, value, or projects backing them.

“The attention of the Securities and Exchange Commission (“The Commission”) has been drawn to several online publications advertising an unauthorized presale of Crypto coin termed “PUNISHER COIN” aka “SPUN”,” the statement reads.

“The Commission hereby informs the public that the promoters or issuers of “PUNISHER COIN” aka “SPUN” are NOT REGISTERED to operate in any capacity in the Nigerian Capital Market, and also PUNISHER COIN ($PUN) is not approved by the Commission for issuance to the public.

“Preliminary investigations revealed that PUNISHER COIN ($PUN) is a Meme coin. Meme coins generally have no use case, intrinsic value or tangible projects backing them.

 

“Any attributed value to meme coin is usually linked to its promoters or the community effort which most often than not are susceptible to pump and dump schemes (a form of fraudulent activity that involves promoters spreading false or misleading information to create a buying frenzy that “pumps” up the price of a ‘coin’ and then “dumps” the coin by selling their own coins at the inflated price.”

 

The SEC said once the promoters dump their coins and stops hype, the coin’s price “typically falls and investors lose money”.

 

Accordingly, the agency advised the public to refrain from engaging in the purported presale of Punisher coin, warning that “any person who invests in the scheme, does so at his/her own risk”.

 

“The Commission similarly reminds the investing public of the need to always VERIFY the authenticity of crypto/virtual or digital assets, the registration status of their promoters and trading platforms via the Commission’s dedicated portal: https://home.sec.gov.ng/fintech-and-innovation-hub-finport/registered-fintech-operators/ before engaging in any form of virtual or digital assets investment,” the statement reads.

 

The warning comes amid growing concerns over the rise of crypto-related ponzi schemes in Nigeria.

 

On May 1, the commission warned Nigerians against investing in tofro.com, an alleged illegal investment platform posing as a cryptocurrency trading website.

In April, some Nigerians lost their funds after investing in Crypto Bridge Exchange (CBEX), a digital trading platform.”

Online Poster by — June 9, 2025 in Capital Market 0
Union Bank’s Wlpher Initiative Enabled Business Success At The NBCC’s Entrepreneurship Programme

Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and Youth Entrepreneurship Development Centre (WYEDC) Cohort 2 Programme, which has graduated 125 entrepreneurs who have benefited from firsthand entrepreneurship training and business grants.
Small and medium-sized enterprises (SMEs) in Nigeria account for more than 50% of industrial employment and contribute approximately 48% to the country’s GDP.
This makes entrepreneurship one of the economy’s building blocks and is a testament to Union Bank’s unwavering dedication to national development in partnership with NBCC.
In her welcome speech, the Director General of NBCC, Dr. Ebere Njoku, reiterated NBCC’s commitment to supporting entrepreneurship, women’s empowerment, and youth empowerment, citing these as catalysts for economic development and sustainability.
She appreciated the sponsors, partners and facilitators who devoted their resources and time to upskilling the participants.
The entrepreneurship initiative stemmed from the visionary goal of Mr. Ray Atelly, President and Chairman of the Council, NBCC, FRPA, to provide entrepreneurship and grant opportunities to Nigerian women and youths.
Mr. Atelly told the graduates in his speech, “This is your chance, make sure you take it. Don’t let any obstacle stop you because there will be many; if you let it stop you, your dreams are not strong enough. You need to keep pushing, someday you will sit at the top of a conglomerate and people will aspire to be like you.”
Also in attendance was the NBCC’s Patron, Senator Akin Odunsi, FRPA, who congratulated the Cohort 2 graduates.
 He said, “I encourage all of you not to take the training you have received for granted. Use it as a landmark opportunity to be a beacon of hope to others who look up to you.”
He also urged the Chamber to provide internship opportunities after the six-month entrepreneurship training in organisations for the incoming Cohort 3 and beyond.
He added that the internship experience will give trainees the unique chance to practice what they learned and, in return, benefit the organisations from their acquired skills.
The goodwill message at the graduation ceremony was delivered on behalf of Mrs. Yetunde Oni, Managing Director and Chief Executive Officer of Union Bank of Nigeria, by Mrs. Vivian Imoh-Ita, the Bank’s Head of Retail and SME Business, who appreciated NBCC for the life-transforming training they are providing to the youth and women entrepreneurs.
She further stated, “As a Bank, we understand that when we invest in women and youth entrepreneurs, we are investing in the most powerful catalysts of economic transformation. Through the Bank’s alpher initiative, we have enabled success for women-led businesses. In a volatile economy like Nigeria, the challenges facing entrepreneurs are dynamic and significant. As a Bank, we intend to prove that these barriers are not unconquerable and are growth opportunities.”
Three entrepreneurs, namely Evelyn Ekene Ani of Evani.Ng (First place), Martha Padonu of Beyond Photography (Second place), and Therietta Vershima of La Teriz (Third place) were declared winners of the Union Bank Business Pitch competition held during the graduation ceremony and were rewarded with funding for their businesses.
The Bank’s sponsorship of the training demonstrates its commitment to fostering a vibrant, innovative, and inclusive entrepreneurial ecosystem for women and all individuals.
Note to Editors:
alpher is the correct sentence case in the context of this press release. Please do not write as Alpher at any point.
About Union Bank Plc:
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria. The Bank offers various banking services to individual and corporate clients, including current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance. The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
Online Poster by — June 9, 2025 in Capital Market 0
Plastic Waste Tops Agenda As Sterling One Foundation Marks World Environment Day

 With plastic pollution still threatening lives, coastlines, and ecosystems across Nigeria, the Sterling One Foundation is taking concrete steps to confront the crisis through community-led cleanups, strategic partnerships, and ongoing policy engagement.
Earlier this year, the Foundation led a major cleanup at Elegushi Beach under its Beach Adoption Programme, a national initiative that has now formally adopted more than five beaches since 2021, including Alpha, Eleko, Lafiaji, Iwerekun and Okun Ajah.
Across these sites, the Foundation has cleared over 9,000 kilograms of waste, including more than 4,800 kilograms of recyclables, while working with local leaders to embed awareness and long-term stewardship in coastal communities.
“Our work on the beaches is not symbolic,” said Olapeju Ibekwe, CEO, Sterling One Foundation. “It is a deliberate strategy to improve coastal resilience, protect vulnerable populations, and link sustainability with real opportunity. Every cleanup is a chance to restore dignity to the environment and build trust in the systems meant to protect it.”
On June 13, Sterling One Foundation will join other stakeholders at WEDex 2025, a World Environment Day convening hosted by GreenHub Africa in partnership with the United Nations.
The Foundation will speak at the “Financing Youth Initiatives for Green Entrepreneurship” session at the UN House in Abuja, focusing on unlocking capital for community-based solutions to plastic waste.
The United Nations, a key partner on WEDex, also returns this year as co-convener of the Africa Social Impact Summit, scheduled for July 10 and 11 in Lagos.
The summit will focus on practical solutions for climate resilience and policy innovation under the theme Scaling Action: Bold Solutions for Climate Resilience and Policy Innovation.
“Plastic pollution is a development issue but also an untapped opportunity,” said Ibekwe. “If we do not treat it as urgent and systemic, it will keep undermining livelihoods, health, and climate goals.
Yet, if we engage the right partnerships and investment, plastic waste can be turned into a driver of jobs and innovation, especially for young people across the continent. The call now is for both the public and private sectors to act, to see beyond the problem and unlock its potential for good.”
To learn more about Sterling One Foundation’s environmental work, visit onefoundation.ng  or register for the summit at theimpactsummit.org.
About Sterling One Foundation
Sterling One Foundation (SOF) is a registered non-profit focused on tackling the root causes of poverty in Nigeria, and Africa through interventions and social impact programmes across three critical sectors namely: health, education and climate action & food security. Gender Equality and women empowerment are integrated as a cross cutting priority across all our programming areas.
The Foundation’s programmes adopt a central theme of prioritizing partnerships for the achievement of the Sustainable Development Goals (SDGs). For more information visit onefoundation.ng
Online Poster by — June 9, 2025 in News 0
Onitsha Market Chairmen Laud Soludo’s Achievements 

By Chikaodi Chukwuleta
Market Chairmen in Onitsha, Anambra State have commended Governor Charles Chukwuma Soludo for his efforts to make the state  habitable for living.
The commendation was made when a team of journalists visited markets to ascertain their styles of leadership and the governor’s achievements.
Chairman,  Onitsha Main Market,  Hon. Chijioke Okpalugo( Chiboy) said his administration would make sure that lives and properties of traders in the market are secured, and retire those that have been on seat for years.
“My administration has given them one month to conduct election, if not, i will impose caretaker committee on them because it is no longer bussiness as before,” he said.
He mentioned introducing ultra modern  technology  where youths will learn computer, and will bring back the pride of Main Market as the best in West Africa.
” Gradually, we will stop most of the illegal road trading.”
He commended Soludo for construction of seven roads in Omoba Phase 2 community, securing the lives of Ndi Anambra and bringing night life back to the state.
Sectetary of the Main Market, Hon. Chukwudi Omaliko, and Vice Chairman, Hon. Emeka Okoye,  promised that their administration will sanitise the market as the governor has sanitised the state.
Chairman, Ochanja Central Market,  Chief Bonaventure  Muo (Omekaodinma Aniocha), eulogised Soludo for his good works,  especially in recruitment of teachers, security,  building of Government House, Fun City, creation of 1 youth 2 skills to remove the youths from the streets, among others.
Chairman, Sokoto Road, Hon. Emeka Mbachu, (Isimmili na Mbaukwu), priased Soludo for building bridge in Niger Street that has access to the market which past administrations failed to give listenning ear, to, Akpaka Housing Road, security and others.
Chairman, Bright Street Traders Amalgamated  Assocation,  Chief Sir Tony Esimoneze, said that Governor Soludo is an amiable governor, adding that one can now sleep with two eyes closed”.
“He is trying his best in the area of infrastructure,  health, roads, education. Most of the roads are being constructed, more is being affected. In area of security personnel and Operation Udo Ga-AChi, he called for more training  and orientation and pleaded for construction of flyover on Zik’s Roundabout to ease traffic.
Chairman, Main Gate Line, Emmanuel  Okafor (Sir White) thanked the governor for making it easy for traders, adding that those running after vehicles  disturbing passengers have seized, kidnapping, while criminality in the state is a thing of the past.
Online Poster by — June 9, 2025 in News 0
Igwe Chidume Calls for Strong Laws to Curb Environmental Abuse

Igwe Chidume advocates for peace at new yam festival - The Easterner
His Royal Highness, Igwe Oranu Chris Chidume, the Eze Igulube of Omor, has called on Anambra State Government to enact stringent laws to curb the indiscriminate abuse and defacement of the environment.
He made this call while speaking as chairman at a one-day symposium held in Awka to mark World Environment Day 2025. The event, themed “Citizens and Corporate Participation as a Solution to Plastic Pollution in Anambra State”, was organized by the Anambra State Waste Management Agency (ASWAMA).
Igwe Chidume stressed the need for such laws to be strictly enforced to serve as a deterrent to those who habitually degrade the environment. He further argued that the existence of strong legislation would also compel successive governments to implement and uphold environmental standards.
“The environment affects everyone – rich or poor, young or old – and that is why we must all treat environmental issues with the seriousness they deserve,” he said.
He emphasized that sustainable care and protection of the environment should become a way of life, one that is rooted in culture and integrated into school curricula. “Children should be taught why waste must be disposed of properly, not carelessly. When they grow up with this mindset, it becomes a lifelong habit. Adults who deface the environment for selfish reasons should be sanctioned accordingly,” he added.
The symposium also featured powerful presentations by Mr. Adani Abdala of TechnoServe, Ms. Nwamaka Onyemelukwe of Coca-Cola, and Dr. Felix Odimegwu, the Anambra State Commissioner for Environment.
Online Poster by — June 7, 2025 in News 0
Heirs Insurance Group Awarded Insurance Company of the Year

Heirs Insurance Group celebrates Insurance Company of the Year award - Champion Newspapers LTD
 Heirs Insurance Group, Nigeria’s fastest-growing insurance Group, has been awarded Insurance Company of the Year at the 2024 Industry Awards.
Hosted by The Industry Newspaper in Lagos on May 8, 2025, this recognition celebrates the Group’s outstanding performance, innovation, and impact on Nigeria’s insurance sector.
Commenting on the award, Ifesinachi Okpagu, Chief Marketing Officer of Heirs Insurance Group, stated: “We are proud to receive this award – an affirmation of our mission to transform the insurance industry and create value for our customers. This recognition encourages us to keep pushing boundaries.”
Since its launch, the Group has demonstrated a firm commitment to driving insurance accessibility. Through its digital-first channels, including its chatbot, USSD service, mobile app, and Nigeria’s first insurance experience centre, the Group facilitates easy and reliable access to insurance for everyone. In addition, Heirs Insurance Group is committed to driving insurance education and literacy. In 2024, the Group launched Africa’s first web series on insurance and runs the Heirs Insurance Essay Championship—a programme that targets students and their families.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.
Online Poster by — June 6, 2025 in Insurance and Pension 0
Applications Open For Heirs Insurance Essay Championship, Students And Teachers Included In N10.5 Million Prizes

Applications Open for Heirs Insurance Essay Championship, Students and Teachers Included in N10.5 million Prizes
 Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened applications for the fourth edition of its annual Heirs Insurance Essay Championship, targeted at Junior Secondary School students nationwide. This year’s edition features ₦10.5 million prizes for the winning students, teachers, and schools, reinforcing the Group’s commitment to driving insurance awareness at an early stage.
The winning student will receive a ₦5 million scholarship along with a ₦1 million education grant for their school. The first and second runners-up will receive ₦2 million and ₦1 million scholarships, respectively. In addition, insurance-focused themes and quizzes have been embedded into the application process for students, ensuring early engagement with the concept of insurance.
To participate, students must submit original essays of not more than 500 words on the topic: “The Role of Insurance in Keeping Families Safe and Secure” via the website, www.heirsinsurancegroup.com/essay. Submissions are open from May 27 to July 8, 2025. All entries will be evaluated by renowned academics, with a quality assurance process conducted by Deloitte & Touche to ensure transparency and fairness.
In a significant expansion of the initiative, the 2025 edition introduces the Teachers’ Insurance Awareness Prize – a new category designed to recognise and reward teachers who actively promote insurance education within schools and communitie
For the Teachers’ Insurance Awareness Prize (TIAP), the top teacher will receive a ₦1 million cash prize, with an additional ₦500,000 grant awarded to their school. To qualify, teachers must implement an insurance awareness project and provide evidence of their initiative and its impact.
Commenting on this year’s competition,
Ifesinachi Okpagu, Chief Marketing Officer, Heirs Insurance Group, said: “We are excited to return with an even bigger edition of the Heirs Insurance Essay Championship. This year, we are not only empowering students and their schools, but also shining a light on the critical role teachers play in shaping financially-aware communities. Across our businesses, we see education as a powerful tool to build a more secure future, and we are proud to drive that vision forward.”
The Heirs Insurance Essay Championship remains a flagship Corporate Social Responsibility (CSR) initiative of Heirs Insurance Group, aimed at improving education outcomes and deepening insurance awareness among the younger generation. Winners of the programme will be announced at a Grand Finale event in August 2025.
Heirs Insurance Group is the insurance arm of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group, comprising Heirs General Insurance Limited, Heirs Life Assurance Limited, and Heirs Insurance Brokers, serves both corporate and individual customers across Nigeria.
Heirs Insurance Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.
Online Poster by — June 6, 2025 in News 0
EERC Orders MainPower To Refund Enugu Customers

Enugu Regulator Orders MainPower to Refund 20,000 Customers Over April 2025 Overbilling | Radarr AfricaLarryBravo Nwaiwu
In exercise of its regulatory powers, the Enugu State Electricity Regulatory Commission, EERC, has ordered MainPower Electricity Distribution Company, formerly Enugu Electricity Distribution Company, EEDC, to refund over 20,000 estimated customers over “wrongful billing” by the company.
This was contained in a public notice issued by EERC on Monday where the Commission said that its order was consequent upon many complaints by MainPower’s customers against the firm’s overbilling.
“Pursuant to Section 35 of the Enugu State Electricity Law 2023 and other extant rules, this is to inform customers in Enugu State that the Commission has issued an Order to MainPower to refund the affected customers the overbilled units for energy consumed in April 2025,” EERC notice reads.
It said the list of the affected customers  have been published on the Commission’s website, www.eerc.en.gov.ng/order, and advised affected customers of MainPower, who are not refunded at the expiration of the timeframe for the refund to contact the Commission via email at info@eerc.en.gov.ng or call 09122642755 for the Commission’s necessary action.
Meanwhile, the order signed by the Chairman of EERC, Chijioke Okonkwo, and the Commissioner in charge of Market Operations, Barr. Reuben Okoye,  gave MainPower till July 2025 billing cycle at most to refund the customers, failing which it would pay a fine of N500,000 for each day that it fails to comply with the order in line with the extant law of the Enugu State Electricity Law, 2023.
According to the Commission, it started tracking the estimate billing practices of MainPower from October 2024 when it assumed full regulatory control in Enugu State from the Nigerian Electricity Regulatory Commission, NERC, and raised the issues with the firm in a letter dated 16th December, which it said MainPower failed to adequately address in their response dated 14th January 2025.
EERC added that in another letter dated 4th April 2025, it further called MainPower’s attention to its continuous estimated billing violations from October 2024 to February 2025 and demanded a significant improvement in the next two billing cycles failing which it would be constrained to commence enforcement action.
“The Commission, in its letter to MainPower dated 6th May 2025 called MainPower’s attention to the suspiciously striking similarity between MainPower’s estimated billing reports in February and March 2025; and gave MainPower 14 days from the date of receipt of the letter to provide an explanation, if any.
“The 14 days given to MainPower to respond to the Commission’s letter dated 6th May 2025, expired on 23rd May 2025 without any response from MainPower.
“The Commission recently reviewed MainPower’s April 2025 estimated report, and observed that the degree of violation of the caps on estimated billing by MainPower had further deteriorated from the 24 percent observed in February and March 2025, to 34 percent in April, 2025,” EERC stated.
The Commission, therefore, said it had “established that MainPower is in deliberate breach of the Commission’s stipulations in the terms and conditions of MainPower’s Interim Licence with respect to the capping of estimated billing.”
Consequently, it ordered that MainPower refunds the equivalent amount of the April 2025 over-bill to the affected customers.
“MainPower shall refund the over-bill to the affected customers within the June 2025 billing cycle, but not later than the July 2025 billing cycle.
“Where MainPower fails or neglects to comply with this Order, the Commission shall invoke its powers under section 32 (5) of the Enugu State Electricity Law 2023, which authorises the Commission to impose a fine not exceeding Five Hundred Thousand Naira (N500,000.00) for each day that MainPower may be in default of compliance with this Order,” the order concluded.
Online Poster by — June 6, 2025 in News 0
Fidelity Bank Brings Relief To Rivers State Community With Food Bank Initiative

L-R: The Branch Leader, Trans-Amadi 1 Port Harcourt, Bob Anyanwu Representing the Regional Bank Head Rivers and Bayelsa 1 & South Commercial, Ibisiki Eretoru; one of the beneficiaries of the Food Bank Donation, Ogechi Friday; The Clan Head, Ozuzu Etche, HRH Eze Josiah Nwagwu; the Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka; and the CEO, Reach Nigeria Foundation, Benedicta Ebi; during the Fidelity Food Bank Distribution in Ihie Community, Etche Local Government Area of Rivers State recently.
In a strong demonstration of its commitment to community development and poverty alleviation, leading financial institution, Fidelity Bank Plc has donated food packs to over 1,500 individuals in Ihie Town, Etche Local Government Area of Rivers State, through its Food Bank initiative.
Speaking at the donation event, the Regional Bank Head, Rivers/Bayelsa 1 & South Commercial, Fidelity Bank Plc, Mr. Ibisiki Eretoru, noted that the success of the bank is essentially linked to the well-being and prosperity of the communities in which it operates.
“The Food Bank Initiative is our way of contributing to the well-being of our host communities through regular food support. Each month, with the support of our network of dedicated partners, we distribute food packs to individuals and families across the country,” Eretoru said.
He further highlighted that the Fidelity Food Bank initiative, launched in April 2023, is part of the bank’s broader corporate social responsibility drive aimed at combating hunger and improving livelihoods across Nigeria. The initiative also perfectly aligns with the United Nations’ Sustainable Development Goal 2 which aims to achieve zero hunger.
“To date, we have distributed over 200,000 food packs through similar outreaches aimed at supporting individuals, strengthening businesses and transforming entire economies,” Eretoru added.
The food distribution in Ihie town was executed in partnership with The Reach Nigeria Foundation, a non-profit organization focused on sustainable development. Speaking at the outreach, the Foundation’s CEO, Benedicta Ibiyemie Ayarete, said that the community was selected due to its need for food support during the post-planting and pre-harvest period.
“Though Ihie is an agrarian community, we identified it as needing food support at this time. The peaceful nature of the community also makes it a viable location for Fidelity Bank to sustain and grow its presence. We are proud to be part of the meaningful impact of this outreach on the people,” she explained.
Expressing his gratitude, the paramount ruler of Ihie community, His Royal Highness, Eze Richard Amadi, commended the bank’s timely intervention, describing it as “a stitch in time” and a noteworthy effort that addresses the needs of the people.
Also speaking at the event, Chairman of the Ihie Community Development Committee, Mr. Stephen Asoh, expressed appreciation to Fidelity Bank, highlighting the positive difference the donations will make in the lives of many residents.
One of the beneficiaries, Mike Okere, praised Fidelity Bank for the initiative and called on other financial institutions to emulate the bank’s approach to community engagement and impact.
The Fidelity Food Bank continues to be a beacon of hope for underserved communities across Nigeria, reflecting the bank’s unwavering commitment to social responsibility and inclusive growth.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.
Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
Online Poster by — June 6, 2025 in News 0