Fidelity Bank Plc has rewarded customers who emerged winners in its ongoing 25th anniversary savings promo.
At the fourth mega draw, which was held in Abuja on Thursday, the bank rewarded the customers with various prizes, including the star prize of a car
While the car, a Hyundai Accent, was won by Mrs. Chinwetara Nwanbu; Mr. Samuel Emuwan, Mr. Paul Abraham and Mr. Idowu Ganiyu got cash rewards of N500,000, N250,000 and N100,000, respectively.
The Hyundai Accent car was presented to Nwanbu by the bank’s Executive Director, North, Alhaji Mohammed Balarabe.
Balarabe, while speaking at the event, said the need to encourage savings among Nigerians informed the bank’s decision to come up with the promo.
“When you save, it helps you to plan ahead for the future. Savings help us to cushion the effects of uncertainties,” he added.
Also speaking at the event, the Head, Abuja office, Fidelity Bank, Mr. Hassan Iman, said the promo was to support the Central Bank of Nigeria’s initiative of lowering high interest rates.
Balarabe said when interest rates were reduced; it would help to stimulate economic activities and boost the country’s Gross Domestic Product.
He said, “This promo is part of efforts to celebrate 25 years of banking services. It will enable us promote a savings culture among our people.
“Savings help to bring down interest rates in banks and once interest rates are brought down, it would help to boost economic activities.”