Ecobank Nigeria, an affiliate of the leading Pan-African banking Group, Ecobank Group, is one of the financial institutions that keeps growing in leaps and bounds. The institution is one, whose presence in Nigeria has encouraged the digital saving life for many of its customers.
The bank recently extended its innovative remittance services to its business account holders.
Under the new plan, business customers will be able to instantly receive funds sent through Ecobank Rapidtransfer or any of the bank’s remittance partners from other businesses anywhere in the world directly into their bank accounts.
Ecobank’s Jubril Lawal was appointed as managing director of its Nigerian operations, following his undeniably rich resume. He holds a Bachelor of Law degree from the Obafemi Awolowo University, Nigeria; B.L. from the Nigerian Law School and a Master of Business Administration from Oxford University, United Kingdom.
No wonder the bank’s operations have continued to wax stronger. Ecobank Rapidtransfer enables customers to instantly receive remittances from their customers and transfer money to other business customers’ bank accounts.
The launch of the service follows the implementation of a seamless account opening procedure for customers who do not have domiciliary accounts with Ecobank Nigeria so that they can leverage the service for effective money transfers.
Need we tell you that Ecobank also supports talent hunt in Nigeria. ‘Photo Walk’ with Ecobank, was part of activities to commemorate this year’s World Photography Day slated for August 19th.
The bank, led by its MD, Jubril Mobolaji Lawal has ensured the annual and global event, celebrates the art, craft, science, and history of photography and Ecobank is hosting the Photography, Arts and Design Exhibition (PADE) to mark the event.
The bank’s CEO, Ade Adeyemi is an enigmatic leader, whose style of leadership has discovered giants in the financial industry. Under his leadership, the exhibition was conceived to help showcase the brilliance of Nigerian creativity to the world.
He said major players in the business of photography, arts, and design such as Kelechi Amadi – Obi, Emmanuel Oyeleke, Taiwo Aina and a host of individuals and associations have indicated interest to join in the walk.
The walk started from Tafawa Balewa Square (TBS) bus terminal by 8.00am and end at the bank’s head office complex, Ecobank Pan African Centre (EPAC) on Ozumba Mbadiwe Avenue, Victoria Island.
Ecobank’s commitment to SMEs in Africa is unwavering. The bank’s full suite of solutions nurtures, supports Africa’s SMEs and ensures they thrive.
Ecobank is expanding SMEs’ access to finance through various initiatives. Indeed, through substantial risk-sharing partnerships built with Development Finance Institutions, we can improve access to finance for SMEs while targeting women-owned and women-focused businesses across Africa. Ecobank is equally focused on providing non-financial support through training programs and webinars, helping SMEs develop into solid and sustainable businesses.
The pan-African Bank is also working to enlist other International Money Transfer Operators (IMTOs) for a more robust remittance offering.
Disclosing this in Lagos, Head of Consumer Banking Korede Demola – Adeniyi, said the development was in line with the bank’s strategy to provide accessible remittance services to Nigerians all over the world, listing the various channels which these remittances can be accessed through as the Rapidtransfer app, Ecobank Mobile App, Ecobank Online, and the bank’s branches.
“We are excited about these and other future collaborations as our contributions drive remittance inflows into the country, promote trade and foreign direct investments, create businesses, spur entrepreneurship, and generally develop the Nigerian economy. There are several benefits for business account holders including no limits to how much they can receive, no hidden charges and the opportunity to invest the funds received in foreign currency at a competitive rate,” she said.
She added that Rapidtransfer, Ecobank’s proprietary product, is licensed in Europe and by the Central Bank of Nigeria (CBN) as an international money transfer service. Diaspora remittances can be sent from anywhere in the world using the Rapidtransfer app – available for download in the Google Play and iOS stores.
Ade Adeyemi is joined at Ecobank by a team of unrelenting goal-getters, who are equally versatile senior banking executives and digital transformation specialists for years.
For Adeyemi, he has deep involvement and experience in digital and retail banking, corporate and commercial banking, credit risk management and corporate finance.
Just last month, during the prestigious Euromoney Awards, Ecobank won the coveted titles of ‘Africa’s Best Bank,’ ‘Africa’s Best Bank for SMEs,’ and ‘Africa’s Best Digital Bank.’ The Euromoney Awards for Excellence, which have been running for 30 years, are highly regarded by the global banking industry.
Ade Ayeyemi, Chief Executive Officer of Ecobank Group, said:” I am very honoured by this recognition as the Pan African Bank that Africa and friends of Africa trust. Being responsive in real time to our clients has been an essential part of earning that trust. We have embraced technology to drive operational efficiency and enhance our offerings, service, and customer experience. We have prioritised our clients, placing their needs and experience at the heart of our decision-making and operations. Our unparalleled African presence and operations have also earned us an enviable place as a true Pan African Bank with a depth of knowledge that distinguishes our products and delivery. It is a great honour for all Ecobankers to be recognised for these sustained efforts.”
The Bank’s Regional Executive and MD, Mobolaji Lawal is a celebrated, versatile senior banking executive and digital transformation specialist with over 28 years experience. He has deep involvement and experience in digital and retail banking, corporate and commercial banking, credit risk management and corporate finance. Mobolaji was selected and appointed as Managing Director designate in December 2021, following a keenly contested selection process, which included both internal and external candidates.
Being named Africa’s Best Bank for SMEs for a second time this year, following the 2022 African Banker Awards, is a recognition of Ecobank Commercial Banking’s drive to empower SMEs across its 33 countries of operations in sub-Saharan Africa.
Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs about 13,000 people and serves over 32 million consumer, commercial, and corporate banking customers across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK; and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services, and solutions-including digital- and not limited to bank and deposit accounts, loans, cash management, advisory, trade, securities, and wealth and asset management. ETI is listed on the Nigerian Stock Exchange in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.
Olamide Adeniji is a member of the editorial team of TheScript Newspaper