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New Notes Distribution At Ado-Ekiti Branch

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We would like to formally state the facts surrounding our branch in Ado Ekiti.

The Naira notes referenced were received prior to the re-configuration of the branch’s Automated Teller Machines (ATMs) to dispense the 200 Naira denomination.

On January 23, 2023, a regulatory official visited our branch in Ado-Ekiti and the vault contained N 6,000,000 in N 200 denominations.

During the visit, the official observed that we had ran out of N1,000 and N500 notes on that day and were unable to load the N200 as the ATMs had not yet been configured to dispense N200 notes.

At the time of the visit, the subsisting instruction was that the newly designed notes were not to be dispensed over the counter.

All our ATMs have been dispensing the available quantities of the N1000 and N500 denominations of the newly designed currency as received since the commencement of the policy. We have also successfully reconfigured our ATMs nationwide to dispense N200 notes.

All denominations can now be withdrawn from our ATMs and over the counter in line with regulatory pronouncement on February 2, 2023.

We hereby confidently assure the public that the branch was not hoarding any funds and that Sterling remains at the forefront of ensuring that this exercise is a resounding success.

Together, we will all overcome this inconvenience and come out stronger.

Press Release

NYSC Denies Deploying Corps Members From South To North-West

“The Scheme will continue to sustain the existing deployment policy of Prospective Corps Members for the benefit of all members of the service corps and also aid national unity and development without prejudice.”

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The National Youth Service Corps (NYSC), has denied what it describes as fake and misleading information trending online where it was alleged to have deployed the 2024 Batch ‘A’ Stream Two Prospective Corps members from the Eastern, Southern and Western parts of the country to the North-West.

The scheme said that a purported letter circulating on social media did not emanate from its office.

The NYSC said it is backed by the constitution in its statutory and unbiased deployment policy without tribal, religious and other sentiments.

“This we have successfully done in the past fifty (50) years of its existence,” it said.

The Scheme called on parents, guardians, prospective corps members and other members of the public to disregard the malicious information.

According to the statement signed by Eddy Megwa, its Director, Press and Public Relations, the news lacked merit, was the imagination of the writer and was meant to raise apprehension among the corps members for the next orientation exercise slated for April 2024.

“The Scheme will continue to sustain the existing deployment policy of Prospective Corps Members for the benefit of all members of the service corps and also aid national unity and development without prejudice.”

It said the purveyors of fake news on NYSC programmes are strongly warned and advised to desist henceforth, from peddling fake news.

 

 

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Press Release

LAGOS TO PARTNER MASTERCARD ON TECHNOLOGY

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••the passion in Lagos fintech community is second to none-Mastercard boss

 

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday indicated interest in a mutually beneficial partnership between the Lagos State Government and Mastercard for technology, digitalization and innovation.

The Governor said the development of backend infrastructure by the Lagos State Government will help Mastercard’s investment drive in the State.

Governor Sanwo-Olu spoke when the Management of Mastercard led by its President for Eastern Europe, Middle East and Africa, Dr. Dimitrios Dosis, paid him a courtesy visit at Lagos House, Marina.

Sanwo-Olu said his administration is open, willing and eager to make technology a way of life, adding that there is a lot the Lagos State Government and Mastercard can jointly develop and take forward in the area of technology.

He said: “Part of our vision is for Lagos to become the knowledge warehouse; a city where anywhere in the world if you need anything in terms of innovation, knowledge and skills, you will come to Lagos.

“We want to develop millions of young people who are not only smart, but willing to change and take on the world. We have seen that in our creative minds, either in entertainment, arts and culture, innovation and technology.

“We need to channel the energy of the young people positively to be able to help solve world problems. They need to have access and platforms through which they can flourish and show the skills they have.

“We are trying to build a lot of capacity in smart city and security. We don’t want people to come and give us handouts, we want a real partnership where we can identify the problem and come up with solutions.”

Speaking earlier, Dr. Dimitrios Dosis, expressed his organisation’s commitment to partner with the Lagos State Government.

He said: “I was impressed by the passion I saw in your fintech community. We have had the pleasure in the last two days to meet a number of your fintech. The passion I saw in your fintech community is second to none.

“I also saw innovation taking place in your payment space. I also see innovation in your transport system, which I know is something that you developed for the city.

“We have a lot of technology that we would like to bring to this country and we want to bring some innovation to Lagos,” he said.

 

 

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Press Release

At Polaris Bank IWD Webinar, Guest Speakers Advocates Empowering Opportunities for Women

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…as CEO, Kayode Lawal highlights the indispensable contributions of women to societal progress, economic

 

Polaris Bank’s International Women’s Day (IWD) webinar themed: ‘Empowering Voices: Women Leading Change,’ offered a dynamic platform for insightful conversations. The 2024 International Women’s Day (IWD) theme “Inspire Inclusion,” recognizes that despite progress made, women face significant obstacles to achieve equal participation in the economy.

Held on March 12, 2024, at the Bank’s Victoria Island, Lagos headquarters, the webinar featured a distinguished panel of experts who discussed various aspects of women’s empowerment and inclusivity. The event witnessed participation from customers and staff alike. The two guest speakers, who focused on inclusion in the workplace and inclusive health, did a phenomenal job.

The two panelists drawn from diverse fields, delved into crucial topics such as; self-esteem, mental wellness, workplace policies, and the importance of inclusive infrastructure. They emphasized the need for collaborative efforts from all segments of society to support women in realizing their aspirations.

Photo caption:
L-R: Guest Speaker, Solape Akinpelu; Polaris Bank’s Managing Director/CEO, Kayode Lawal; another Guest Speaker, Dr. Ifeyinwa Nwakwesi and Group Head, Customer Experience & Value Management; Mrs. Bukola Oluyadi, at the International Women’s Day (IWD) Webinar hosted by Polaris Bank in Lagos recently.

Ms. Solape Akinpelu, CEO and co-founder of HerVest, a fintech company, highlighted the significance of inclusivity and called for concerted action to dismantle societal narratives that undermine women’s capabilities.  She stressed that women are not helpless and advocated for proactive measures to counter sub-conscious biases.

On her part, Dr. Ifeyinwa Nwakwesi, CEO of Healthy Living Services Nigeria Ltd., provided valuable health tips for women to balance their professional and family lives; while prioritizing their well-being. Dr. Nwakwesi underscored the pivotal role of women in maintaining family health and urged them to shield themselves from undue pressures.

Earlier in his opening remarks, Polaris Bank’s Managing Director/CEO, Mr. Kayode Lawal emphasized the indispensable contributions of women to societal progress and economic development. He reaffirmed the Bank’s commitment to fostering an inclusive workplace culture that values diversity and empowers women to excel.

Reflecting on the global theme of IWD 2024, “Inspire Inclusion,” Lawal highlighted the importance of creating a culture where everyone feels valued and respected. He reiterated Polaris Bank’s dedication to providing a conducive work environment for its female workforce, free from biases and discrimination.

In her own contribution, Bukola Oluyadi who has oversight on Sustainability in Polaris Bank, emphasized the importance of connecting with women in the workplace. According to her, when women feel appreciated and encouraged to bring their best to the table, it enhances their sense of value and contribution.

The webinar concluded with a call to action for all stakeholders to prioritize inclusivity and collaborate towards creating equitable opportunities for women in all spheres of life.

Polaris Bank, was adjudged Nigeria’s Digital Bank of the Year in 2023, 2022 and 2021 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards.

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