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Financial Inclusion: First Bank Rewards Leading Agents in Nigeria with N15m At Firstmoni Awards

As part of its commitment to enhance financial inclusion in the country, First Bank of Nigeria has rewarded over 37,000 Agents of Firstmoni across the 774 Local Government Areas in Nigeria with several sums of money amounting to about N15m.

At the inaugural Firstmonie Agent Banking national awards, recently held in Lagos, the Chief Executive Officer of the bank, Dr. Adesola Adeduntan, said the Firstmonie agent network is a channel through which First Bank expresses its commitment to create opportunities and facilitate access to financial services for every Nigerian, especially those falling within the low-income bracket.

In all, 37 top performing agents who have promoted financial inclusion in the country were rewarded, at the event, where 31 of them went home with N250,000 at the state level and 5agents won N1m at the Regional level while the grand prize being the sum of N2.5m went to the winner at the National Level.

MD/CEO First Bank, Dr. Adesola Adeduntan

Dr. Adeduntan explained that the Firstmoni initiative has breached the gap between the tech savvy and the low literacy clients as the agent network presents a convenient alternative to customers not familiar with sophisticated digital channels.

The Deputy Managing Director of First Bank, Francis Shobo, underscored the critical role of the agents in the banking ecosystem with regards to taking deposits, making payments, opening accounts, providing transfers and selling airtime at locations among other functions.

The grand prize winner, Hassan Ishaq,  was full of gratitude for the award.

“I want to thank FirstBank for this gesture, it took me by surprise because I never expected it from them, this is a miracle FirstBank is truly different.” He said.



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