Lotus Bank eyes ethical banking awareness through stakeholder engagement

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.

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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.

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.