GTBank Pioneers Social Banking in Nigeria: Banking on Facebook.

PRESS RELEASE

Wednesday, April 10, 2013

                                                                                                                                                                                                                                               

Lagos, Nigeria: Foremost Nigerian financial institution, Guaranty Trust Bank plc has once again raised the service bar for Nigerian financial institutions with the recent unveil of its ‘Social Banking’ service on Facebook. The new offering which is the first of its kind by any Nigerian Bank allows the public open GTBank accounts and get Customer Service support on Facebook.

 

Speaking about the innovation, Chief Executive Officer of Guaranty Trust Bank plc; Mr. Segun Agbaje said the Bank’s objective is to engage the public where they work, live or play and the new service would enable persons on social networks like Facebook commence a banking relationship and perform transactions 24/7, safely and conveniently, without having to leave the platform.  According to Mr. Agbaje ‘This novel service presently allows people open GTBank accounts and get customer service support on Facebook and in a couple of weeks we will introduce new service options that include money transfers, airtime purchases and bills payments’. He further affirmed that GTBank was committed to the convenience of its stakeholders and the Bank would continue to introduce value adding alternative channels into the future.

Guaranty Trust Bank has been at the forefront of industry innovations within the Nigerian financial service sector over the last 22 years. The Bank is the first Nigerian institution to have recognized online/social channels as an emerging service point and has over 1 million followers on Facebook; the largest for any African Bank. Additionally, the Bank recently introduced GTBank Mobile Money, a highly secure application that allows customers and non GTBank customers perform transfers and payments from their mobile phones to any mobile phone subscriber within the country.

Furthermore, the Bank’s internet banking platform is one of the most robust in the industry, supporting a wide array of service offerings that include bills payments, own and third party transfers and foreign exchange transfers to any bank account in the world. The Bank’s alternative banking channels were given a Payment Card Industry Standards Council (PCISSC) certification late last year, implying that the channels meet acceptable technical and operational requirements to prevent credit card fraud, hacking and other security vulnerabilities.

Guaranty Trust Bank plc was established in 1990 and has within the last 22 years come to be recognized as one of the most innovative and service focused banks in the Nigerian financial market space. The Bank operates from 200 business locations in Nigeria and has banking subsidiaries in Cote D’Ivoire, the Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.

Communication & External Affairs

Tel: 234-1-2715227

CRSWatch International Magazine Vol 1 Issue 4, 2013.

Grab Your Copies of the new, exciting and highly informative CSRWatch Magazine Vol 1 Issue 4 2013.

 

Read about;

West African Pipelines Company, WAPCo’s claim of a whooping $2million CSR expenditure in Badagry, Lagos

.

 

The Deadly KEMPS cream crackers biscuits.

The Top 20 corporately responsible companies in Nigeria.

Our ‘CSRAcademy’ & The CSR center, Lagos Business School.

Our Focus: GTBank’s Adopt-A-School initiative.

Our authoritative ‘Diary of the societal vulnerable’.

& Our Special exclusive Interview: CEO Etisalat Nigeria, Steven Evans, speaks on the over $500million invested in Nigeria in the last 5years.

 

you cant afford to miss this.

Helen Clark: International Anti-Corruption Day

09 December 2012

Statement of UNDP Administrator on the International Anti-Corruption Day
December 9, 2012

Corruption is a crime against development which thrives in the shadows. International Anti-Corruption Day is an opportunity to shed light on the damage it does, and to reaffirm our commitment to act against it.

The impact of corruption is greater than just the diversion of resources – significant as this is. Corruption is also corrosive of societies and contributes to a justified lack of trust and confidence in governance. The worst consequences of corruption are borne by poor and vulnerable groups. Bribes, for example, can make basic services available only to those able to pay.

As the poor are more reliant on public services, they are disproportionately harmed by what may be, in financial terms, small-time corruption. Research suggests that poor women are often the worst affected by corruption.

The poor also have the most to lose from rapid degradation of natural resources stemming from corruption which enables laws and regulations to be circumvented. Illegal logging to which corrupt officials turn a blind eye, for example, can threaten the ecosystems on which poor people depend for their livelihoods, and lead to revenue losses for governments too.

UNDP, through its work in support of the program Reducing Emissions from Deforestation and Forest Degradation, also known as REDD +, is helping to reduce the risk of corruption in forest management.

Preventing and combating corruption requires transparency and accountability at all levels.  UNDP now has some two decades of experience in supporting countries to fight corruption. Integrated approaches, encompassing capacity development, governance reforms, targeted anti-corruption measures, more transparency, and greater civic participation, have been proven to work well.

Anti-corruption measures need to be integrated into development planning processes. UNDP’s work on governance around the world aims to strengthen the national institutions and processes needed to build trust, improve responsiveness and accountability, and mobilise resources for development.

Taking back what was lost to corrupt practices is everyone’s responsibility – governments and civil society organizations, the private sector and the media, the general public, and youth who will play a pivotal role in seeing this agenda through so that their future is built on solid and honest foundations.

I encourage each of you to act against corruption today, to shine a light on those shadows, so that we can move together towards a better world.