Nigeria’s Lotus Bank advocated for greater awareness of ethical and non-interest banking at a stakeholder forum in Lagos, where executives emphasized the bank’s commitment to socially responsible financial practices.
The forum, in Lagos recently, gathered the bank’s management, media representatives, and other stakeholders to discuss the principles of non-interest banking, a sector that operates without interest-based financing.
The bank reaffirmed its commitment to transparency and inclusive banking, aiming to build stronger partnerships with stakeholders to promote financial awareness and ethical banking practices across Nigeria.
The bank’s Executive Director, Dr Isiaka Ajani-Lawal, standing in for the managing director, expressed gratitude to the media, emphasizing 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.
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 Managing Director, Mrs Kafilat Araoye, 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.
The forum, in Lagos recently, gathered the bank’s management, media representatives, and other stakeholders to discuss the principles of non-interest banking, a sector that operates without interest-based financing.
The bank reaffirmed its commitment to transparency and inclusive banking, aiming to build stronger partnerships with stakeholders to promote financial awareness and ethical banking practices across Nigeria.
The bank’s Executive Director, Dr Isiaka Ajani-Lawal, standing in for the managing director, expressed gratitude to the media, emphasizing 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.
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 Managing Director, Mrs Kafilat Araoye, 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.