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Published On: Mon, Jun 18th, 2018

Diamond Bank, others move to drive financial inclusion

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From Ngozi Onyeakusi, Lagos

Diamond Bank Plc has disclosed that it has concluded deal with the Central Bank of Nigeria (CBN) and other stakeholders to drive financial inclusion across the country.
Speaking at the bank’s Annual Digital Expo Conference and Exhibition in Lagos, the Chief Executive Officer, Diamond Bank, Uzoma Dozie, highlighted the importance of identifying the key requirements of the unbanked and unserved market segment to enable financial institutions to develop and create products targeted at meeting those needs.
Dozie, who was represented by the Executive Director, Business Development, Chizoma Okoli, said the lender was already thinking along those lines.
He equally listed some of the steps the bank had taken to ensure the availability of financial services to the public.
Part of our activities in this space is the development of products such as the BETA and CLOSA accounts. BETA targets market traders and also supports small and medium enterprises,” he said.
According to Dozie, the BETA account employs agents to areas of comfort of market traders and offer financial services without impacting on their way of life.
He said while CLOSA account was created for those without banks in their areas, people of influence in the community were selected to act as agents of the bank to ensure trust and assurance that the bank would assume responsibility for their money once it was deposited with the agents.
Earlier in his presentation, the Executive Vice Chairman, Nigerian Communications Commission(NCC), Umar Danbatta, represented by the commission’s Head, Competition and Tariffs, Bashiru Idris, said the NCC had been in the forefront of promoting financial inclusion through the provision of proper information technology infrastructure.

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