Financial inclusion: TAJBank opens 3 new branches, NANTS lauds drive

L-R: Acting Managing Director, Abuja Markets Management Ltd, Arc Ibrahim Uzaibat, Founder/Chief Operating Officer TAJBank, Mr. Hamid Joda; the bank’s Chairman; Alhaji Tanko Isiaku Gwamna; Director, Mr. Habib Alkali and Co-Founder/Chief Marketing Officer, Mr. Sherif Idi; during the launching of TAJBank’s Cash Centre in Garki Market in Abuja on Wednesday.

TAJBank, Nigeria’s non-interest bank has opened three new branches in Abuja in furtherance of its sustained drives to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide.

Speaking during the opening ceremony of the technology-powered branches, the bank’s Chairman, Tanko Isiaku Gwamna told thousands of people who graced the occasion to open new accounts that the new branches were part of the bank’s mission to serve as a catalyst for Micro, Small and Medium Enterprises’ (MSMEs) sustainable growth in Nigeria.

He said: “By launching these branches in locations that are particular to the ecosystem of the businessman and women, we are fulfilling our mission of making seamless banking solution accessible to all businesses.

“Let me assure all our old and potential customers that TAJBank will continue to serve your interest and support every step you take to improve your business operations for profitability and your socio-economic well-being through interest-free loans and unparalleled quality service delivery”, Gwamna assured.

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According to the bank’s management, the three new branches located at Wuse Market, Garki Market and Gudu Market will help in leveraging the non-interest lender’s strives towards catalysing MSMEs’ productivity and profitability despite the lingering impact of COVID-19 pandemic on the economy.

In his remarks at the event, the NANTS President, Barrister Ken Ukaoha, commended TAJBank’s board and management for bringing the much-cherished interest-free banking services to the market men and women especially at a time many other financial services providers are either closing their branch networks for flimsy excuses or depressing traders with high-interest rates.

“We are happy that TAJBank is supporting Nigerian traders and we will also reciprocate their goodwill by encouraging traders to do business with the bank so as to facilitate a win-win experience for the bank and traders nationwide. Indeed, we would meet to strengthen the symbiotic relationship”, Ukaoha added.

In the past year of its debut as a non-interest bank, TAJBank’s has continued to record success since its opening in December 2019.

It would be recalled that the bank recorded profit in its first-year operation and is currently expanding its branch networks, with plans to extend services to the six geopolitical zones soon.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.