Letshego MFB Nigeria promotes financial discipline with savings scheme

Letshego Microfinance Bank (MFB) Nigeria has introduced into the financial market, a “Save & Win Promo,” an initiative designed to reward customers for their loyalty and savings.

Running from June 1, 2024 to December 21, 2024, this promotion will see 10 customers win cash gifts of N100,000 monthly, grand prizes of N5 million, N2.5 million, and N1 million in the final draw in December.

The Save & Win Promo is part of Letshego’s commitment to encouraging financial discipline and rewarding its customers. Draws will be held in the last week of each month on a pre-announced date with winners selected randomly from qualifying participants.

To qualify for the promo, a customer who already has a Letshego MFB account, should maintain a minimum deposit of N50,000 – N200,000; obtain a Letshego physical debit card and complete five transactions, such as buying power, airtime, data, transferring outwards, etc.

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New customers can open an account at any Letshego branch or download and register on the Letshego Digital Mall.

Winners will be notified via SMS through their registered mobile numbers and will also be contacted by their respective branches. The list of winners will be published on Letshego’s official website and social media pages monthly.

“Letshego MFB Nigeria is dedicated to fostering a culture of saving among our customers while rewarding them for their loyalty,” said Nkosana Ndlovu, Managing Director of Letshego MFB Nigeria. “We believe the Save & Win Promo will encourage savings culture and enhance customer engagement and satisfaction.”

Richard Tyotule, head of sales and distribution at Letshego MFB Nigeria, added: “This promo is a testament to our commitment to our customers’ financial well-being. By saving with Letshego, our customers secure their financial future and stand a chance to be rewarded with exciting prizes. We are thrilled to launch this initiative and look forward to celebrating our customers’ loyalty.”

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.