Ecobank Holds Stakeholder Engagement Webinar, Launches Religious, Education Products

Tuesday, February 15, 2021 / 09:17AM / By Ecobank / Header Picture Credit score: Ecobank

Ecobank
Nigeria has concluded association to host a webinar to supply
insightful data on how banks can successfully assist academic establishments
and religion based mostly organisations via digital banking choices. The webinar
which is a part of Ecobank Digital Sequence scheduled to carry on Tuesday, February
16 2021, is titled “Digital
Enablement of schooling and religion: Successful instruments for brand spanking new regular
way of life”. The Vice Chancellor, Covenant College, Ota, Ogun State,
Prof. Humphrey Adebayo, is anticipated to be the Keynote Speaker whereas
Commissioner of Training, Ekiti State, Mrs Olabimpe Aderiye, Nationwide
President, Nationwide Affiliation of Proprietors of Non-public Colleges (NAPPS),
Chief ‘Yomi Otubela and Former Deputy Managing Director, Constancy
Financial institution, Alhaji Mohammed Lawan Balarabe might be Visitor Audio system.

Talking forward of the occasion, Moji
Oguntoyinbo, Section Head, Public Sector and Agribusiness, Ecobank Nigeria,
stated the webinar is about to spotlight the alternatives in digital banking
for colleges and faith-based organisations within the face of the Covid 19 pandemic,
stressing that, useful digital applied sciences are being employed by these
establishments as a shaping drive and extra channels to succeed in a wider
viewers along with their current members and patrons, whereas sustaining
the core rules on which they’re premised.

In line with her, “That is an
alternative to guarantee academic establishments and religion based mostly organisations
that we’ve got in place top-notch digital options that might improve their
collections and transactions whereas they face their core obligations.
Coming within the wake of the pandemic, technology-based options are touching all
facets of life. Establishments that are ill-prepared to adapt to those modifications
are challenged by insufficient funding to acquire digital gadgets, urbanize the
instructing workers, present excessive velocity web, supply for eBooks, create and
handle apps in addition to social media. As well as, involvement of distributive
know-how within the efficiency of their duties to society, is severely
restricted. Our merchandise are designed to bridge this hole and meet funding
and different monetary wants shortly and effectively.”

Mrs. Oguntoyinbo additionally introduced that
the
financial institution will launch two merchandise in the course of the occasion. They’re the Ecobank
Stewardship Account and Ecobank College Bundle respectively, for spiritual and
academic establishments in any respect ranges. She defined that the Ecobank
faculty bundle is designed to assist academic establishments handle their banking
wants extra successfully to allow them to focus on offering world-class
schooling. She listed the digital choices as Omniplus/Omnilite, Collegepay,
Ecobankpay, Net collections PAYDIRECT, Level Of Sale Terminals (POS), NIBBS
platforms, EBILLS PAY, Asset Finance and Ecobank College Mortgage. The Options
embody minimal Preliminary deposit of N60,000; minimal steadiness of N50,000 to be
maintained in buyer account; zero month-to-month upkeep cost. Rate of interest
payable on common month-to-month steadiness within the account; entry to loans of as much as 40%
of termly charges as receivables finance and forfeiture of curiosity and prices
apply when minimal steadiness requirement is breached.

Then again, the Ecobank
Stewardship Account is designed to assist spiritual organisations run their each day
operations easily and earn curiosity on the identical time.

Additionally known as The Good
Steward Pack, its options embody: zero month-to-month upkeep cost;
rate of interest payable on common month-to-month steadiness, withdrawals beneath
N50,000 minimal working steadiness entice upkeep charges of N1/mil and
forfeiture of curiosity; minimal steadiness of N50,000 within the account at any level
in time and N60,000 minimal preliminary money deposit in account

Some advantages of the product are:
aggressive rates of interest topic to prevailing market circumstances; entry
to loans particularly Asset Finance, Mortgages and different time period loans; entry to
Ecobank Platinum playing cards for the leaders topic to approval; entry to
customised cheque books, and others.