Lotus Bank, one of Nigeria’s non-interest banks, has enhanced the industry awareness on ethical banking through a stakeholder engagement in Lagos.
Discussions focused on the profit-sharing model of non-interest banking, Lotus Bank’s zero account maintenance policy, and the importance of socially responsible banking.
The event brought together the bank’s executive management team, members of the press and other stakeholders to foster deeper understanding and engagement around the principles of non-interest and ethical banking, the bank’s innovative offerings, and its commitment to ethical and inclusive financial practices.
Isiaka Ajani-Lawal, executive director, standing in for the managing director, expressed gratitude to the media, emphasising their role in educating the public on non-interest banking. “We appreciate the media for helping us communicate our mission and values. This engagement is essential in broadening awareness of ethical banking in Nigeria,” Ajani-Lawal stated.
Kafilat Araoye, managing director, in a statement shared through Ajani-Lawal, noted that the forum was not just an event to connect with stakeholders but an opportunity to reinforce the Bank’s commitment to transparency, partnership, and community impact.
“This gathering reaffirms our commitment to educating and engaging with our stakeholders about the values of non-interest banking. We believe in creating awareness about ethical banking and fostering financial options that align with the values of the communities we serve,” she shared.
Through this forum, Lotus Bank reaffirms its commitment to transparency and inclusive banking, aiming to build stronger partnerships with stakeholders to promote financial awareness and ethical banking practices across Nigeria.
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