Ecobank Nigeria has concluded arrangement to host a webinar that would provide insightful information on how banks can effectively help educational institutions and faith based organisations through digital banking offerings.
In a statement, Ecobank said the webinar is part of its Digital Series scheduled to holds on Tuesday, February 16 2021, with the theme “Digital Enablement of education and faith: Winning tools for new normal lifestyle”.
The Vice Chancellor, Covenant University, Ota, Ogun State, Prof. Humphrey Adebayo, is expected to be the Keynote Speaker while Commissioner of Education, Ekiti State, Olabimpe Aderiye, National President, National Association of Proprietors of Private Schools (NAPPS), ‘Yomi Otubela, and Former Deputy Managing Director, Fidelity Bank, Mohammed Lawan Balarabe will be Guest Speakers.
Speaking ahead of the event, the Segment Head, Public Sector & Agribusiness, Ecobank Nigeria, Moji Oguntoyinbo, said the webinar would highlight opportunities in digital banking for schools and faith-based organisations in the face of the Covid 19 pandemic, noting that, functional digital technologies are now employed by these institutions as a shaping force and additional channels to reach a wider audience in addition to their existing members and patrons.
MD/CEO Ecobank, Patrick Akinwuntan
“This is an opportunity to assure educational institutions and faith based organisations that we have in place top-notch digital solutions that would enhance their collections and transactions while they face their core responsibilities. Coming in the wake of the pandemic, technology-based solutions are touching all aspects of life.” The statement read.
Oguntoyinbo also announced that the bank will launch two products, for religious and educational institutions respectively, during the event. These are; the Ecobank Stewardship Account and Ecobank School Bundle. She explained that the Ecobank school bundle is designed to help educational institutions manage their banking needs more effectively so they can concentrate on providing world-class education.
She listed the digital offerings as; Omniplus/Omnilite, Collegepay, Ecobankpay, Web collections PAYDIRECT, Point Of Sale Terminals (POS), NIBBS platforms, EBILLS PAY, Asset Finance and Ecobank School Loan. “The Features include minimum Initial deposit of N60,000; minimum balance of N50,000 to be maintained in customer account; zero monthly maintenance charge. Interest rate payable on average monthly balance in the account; access to loans of up to 40% of termly fees as receivables finance and forfeiture of interest and charges apply when minimum balance requirement is breached.
According to the statement, the Ecobank Stewardship Account is designed to help religious organisations run their daily operations smoothly and earn interest at the same time. “Also referred to as The Good Steward Pack, its features include: zero monthly maintenance charge; interest rate payable on average monthly balance, withdrawals below N50,000 minimum operating balance attract maintenance fees of N1/mil and forfeiture of interest; minimum balance of N50,000 in the account at any point in time and N60,000 minimum initial cash deposit in account
Some benefits of the product include competitive interest rates subject to prevailing market conditions; access to loans namely Asset Finance, Mortgages and other term loans; access to Ecobank Platinum cards for the leaders subject to approval; access to customised cheque books, and others.