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First Bank Showers 310 Customers with N31 Million in Win Big draw

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 First bank of Nigeria Ltd., has demonstrated its appreciation of its loyal customers by giving away N31 million in the second draw of its Win Big Promo.

Reports says that the draw, which was held at the banks’ headquarters in Marina, Lagos, was conducted electronically by Tequila Nigeria Ltd.

, a marketing communication agency, that serves global and national businesses.

The draw saw 310 customers winning N100,000 each.

The system randomly picked 10 lucky winners from each of the 31 retail groups across the six geo-political regions in Nigeria.

To qualify for the N100,000 monthly draw, customers will have to deposit and maintain a minimum amount of N5,000 in their accounts monthly and make a minimum of five transactions on any of the Bank’s digital channels: FirstMobile, LIT App, USSD, First Online as well as Debit Card transactions.

The four-month promo, which started on Oct. 23, 2023, will run till Feb. 23, 2024, and will reward several new and existing customers of the bank with a total cash reward of N170 million.

The Head, Personal Banking, Mr Ikemefula Nwachukwu, said that the WinBig promo was the bank’s way of being proactive to solving problems and easing the burdens on Nigerians.

“We understand that many Nigerians are leaving through a very turbulent time; so we decided that we will give 310 people N100,000 each spread across the six geo-political regions of the country.

“And then to even buttress it more, we commenced a nationwide mega storm, which is still ongoing all over the country to see how this is impacting the society and I am glad to tell you that the stories are interesting and it is yielding the desired results.

“So, we are all over the country to sensitise Nigerians that First bank that will eventually become 130 years old in April, is still with you. We are not leaving the space for anybody; we are very dynamic and we cannot over flog that fact.

“We listen to our customers, and we respond actively and take steps to address the feedback received. We feel the pulse of everybody who banks with us and we do things that will ameliorate their sufferings.

“So, we will continue to recognise Nigerians for recognising that First bank is their bank of first choice.’’

Nwachukwu also noted that the WinBig Promo had increased customers’ adoption of its digital channels both for signing up (onboarding) and conducting transactions.

He emphasised that the intention of the promo was not just to incentivise customers to carry out transactions, but also to recognise continuous patronage and then reward them for that patronage.

He said, therefore, that the success of the promo was anchored on four key pillars.

Reports says that representatives of the National Lottery Regulatory Commission, Federal Competition and Consumer Protection Commission and Lagos State Lotteries and Gaming Authority and others, witnessed the draw. (NAN)

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Benue PDP to gov: Account for the N44b grants

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From Attah Ede Makurdi

The main opposition Peoples Democratic Party (PDP) in Benue State, on Monday, asked Governor Hyacinth Alia to give account of how he expended the N44 billion special intervention grants he received from the federal government between August 2023 to this year, 2024.

The party stated this following a startling revelation from the All Progressives Congress, APC in the State at a press briefing on Sunday night in Makurdi, that the governor received such amounts and has not done anything with it to see in the State.
The APC had during the meeting passed a vote of confidence on President Bola Ahmed Tinubu while revealing that Governor Alia has received from the federal government variously the sums of N5 Billion as post-subsidy removal fund, N9 Billion as Infrastructure Fund, and N30 Billion Sub-national Intervention Fund, collectively amounting to N44 Billion without making use of it.
The PDP State Publicity Secretary Chief Bemgba Iortyom, in a press statement issued and made available to newsmen in Makurdi, observed that the said interventions of N44 billion are outside the monthly federal allocations which have also increased by about 70% since the removal of fuel subsidy in May last year. “We as a party finds this revelation as shocking as there has been no disclosure from the governor of receipt of such funds, with the exception of the post subsidy removal (palliatives) fund which, after much pressure from the PDP, the APC had accepted having received in part N2 billion, and thereafter had kept sealed lips over the outstanding N3 billion”.”If there was a N9 billion infrastructure fund and a N30 billion Sub-national intervention fund, the people of Benue State are only getting to know about it from the APC statement, and this by all standards of transparency and accountability is unacceptable.”PDP is saddened that this non disclosure of N44 billion federal intervention grants by Governor Alia reinforces his policy of concealment and disregard for due process and the rule of law which underpin a style of governance that is in character a sole administratorship.”We recall that on several occasions, our great party had urged the governor to give account of contracts awarded for projects without recourse to due process and extant financial guidelines and regulations, or disclosure of costs for such projects.”It is our position that Governor Alia should come clean and disclose how he has expended the N44 billion special grants, as to do otherwise will be to thicken further the cloud of suspicions hovering over his administration, particularly against the backdrop of the N20 billion scandal rocking the Bureau of Local Government and Chieftaincy Affairs right under his watch”, the statement read in part”.

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Armed herders attacks soldiers, kill one, injured another in Benue

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From Attah Ede, Makurdi

Troops of Operations Whirl Stroke (OPWS), operating in Benue, Nasarawa and Taraba States, were reportedly attacked by suspected armed herdsmen leading to the death of one soldier, while another one was injured in Ochuekwu, Benue State.

The soldiers were deployed to Ochumekwu, Apa local government area of the State to keep peace following constant attacks on the community by the armed herders.

Force Commander, Operation Whirl Stroke OPWS Major General Sunday Iserihen Igbinomwanhia who confirmed this to newsmen on Monday, in Makurdi, said one personnel was killed and one injured.

He however said the troops in response killed three and injured several of the herdsmen, while one AK47 and rounds of ammunitions were recovered from them.

” OPWS is currently carrying out a clearance operation to flush out suspected armed foreign herders who have invaded Kwande local government area of the State”, he said.

It could be recalled that in February, a soldier was killed and two (2) others were injured in Agatu local government when suspected herders laid ambush on the troops.

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NEWS

Borehole Drillers Seek Expatriate Levy Review

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The Borehole Drillers’ Association of Nigeria (BODAN), has urged the Nigerian Government to reconsider its decision on the Expatriate Employment Levy (EEL), as it poses a threat to the survival of the drilling sector.

BODAN President, Mr Francis Uzoma, told newsmen on Monday that the decision has prompted many foreign drilling companies to consider relocating to other countries.

The Expatriate Employment Levy mandates an annual fee for organisations employing expatriate workers, requiring $15,000 (£12,000) for a director and $10,000 for other employees.

This move, according to the Federal Government aims to encourage foreign companies to increase the employment of Nigerian workers.

Uzoma said the federal government should reconsider the decision by reviewing the mandated levy to be more considerate in line with current economic realities.

According to him, its members, especially the foreign investors have been worried about the new decision saying it was not beneficial to continue to operate in the country.

“I just came out from a meeting with my members and they have expressed concern about the new law which mandates organisations employing expatriate workers to pay $15,000 for a director and $10,000 for other employees.

“These companies have already indicated their intentions to leave the country, many of them are Indian and Asian drillers.

“There are predictions of massive job losses, affecting mainly Nigerian workers and would contribute to unemployment.

“We are calling for total review of this annual levy as the one-month window given for payment is not tenable and would affect the economy.

“Without such reconsideration, there’s a risk of drilling companies relocating to neighboring countries, as they have expressed dissatisfaction and unfavorable business conditions”.

These effects, he added include potential repercussions on the borehole sector, hindrance to knowledge transfer, and limitations on equipment and technology use.

He stressed the potential retaliation from foreign investors, particularly Nigerians in diaspora, highlighting the importance of considering the policy’s impact.

He mentioned his intention to write to the Minister of Water Resources and Sanitation, outlining the adverse effects of the policy on the economy.

NAN recalls President Bola Tinubu’s cautionary statement during the recent launch of the EEL handbook, where he warned against using the levy to obstruct potential investors.

He highlighted the government’s expectations to enhance revenue and promote indigenisation, emphasising the objective of balancing employment opportunities between Nigerians and expatriates.

Tinubu clarified that the government’s aim is to narrow wage gaps between expatriates and the Nigerian labor force.

Also, it is to simultaneously foster increased employment opportunities for qualified Nigerians within foreign companies operating in the country. (NAN)

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