Professor Yemi Osinbajo, Vice President, Federal Republic of Nigeria (middle); Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited (right); Dr Uche Olowu, President, Chartered Institute of Bankers of Nigeria (second right); Otunba Debola Osibogun, Non-Executive Director, FBN Holdings Plc and former President, Chartered Institute of Bankers of Nigeria (third left); Mr. Abdullahi Ibrahim, Executive Director, Public Sector, First Bank of Nigeria Limited (second left); and Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited (left) at the CIBN 12th Annual Banking and Finance Conference held in Abuja.

<p>With
a view to enhance financial inclusion across the country, First Bank of Nigeria
Limited has announced its drive to get up to 500,000 operators on board its
agent banking platform. This was disclosed at the opening ceremony of the 12th
Annual Conference of the Chartered Institute of Bankers of Nigeria (CIBN) by
FirstBank’s Chief Executive Officer, Dr. Adesola Adeduntan, who also served as
the Chairman of the CIBN 2019 Conference Consultative Committee. </p>



<p>The event  ;held in Abuja on 24 – 25 September 2019. </p>



<p>The CIBN conference
themed: &#8220;the future of the Nigerian banking industry – 360o&#8221; had Professor
Yemi Osinbajo, Vice President, Federal Republic of Nigeria as the Special Guest
of Honour.</p>



<p>In his remarks, the Bank’s
CEO said FirstBank would support all efforts to ensure effective financial
inclusion in Nigeria. </p>



<p>According to Adeduntan
&#8220;we have a very ambitious plan to appoint about 500,000 agents across the
nook and cranny of our country and to ensure that banking facilities and
services are made available to all Nigerians.&#8221;</p>



<p>He noted that the banking
sector in Nigeria remained the primary partner to the government with regards
to economic growth and development in the country. &#8220;If we do not utilise
those opportunities and mainstream them properly, the country and the entire
economy will be left behind,&#8221; Adeduntan stated.</p>



<p>In 2017, FirstBank
launched its agent banking network; &#8216;Firstmonie Agent&#8217;, described as its &#8216;Human
ATM&#8217;. The Firstmonie Agents are empowered to extend access to finance to all
Nigerians, regardless of where they may be across the country. The Firstmonie
Agents complement the Bank’s effort at reducing the unbanked in the country,
whilst providing a handful of the Bank’s bespoke financial services, including;
account opening; cash deposit; airtime purchase; bills payment; withdrawals and
money transfer.</p>



<p>According to the Bank,
FirstMonie Agents are usually owners of small businesses within communities
with limited or no banking penetration. The Bank has an Agent Banking strength
of over 31,000 Agents, spread across 98% of the country’s 774 Local Government
Areas (LGAs).</p>



<p>Founded in 1894, the bank
has a history of being the first banking institution to be established on the
African continent.</p>



<p>It currently has over 15
million active customer accounts with more than 750 business locations
providing comprehensive retail and corporate financial services to customers in
Nigeria and across other continents.</p>

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