The Nation Newspaper

Tag: SKYE BANK

  • Civil servant wins Skye Bank’s N1m savings prize

    Civil servant wins Skye Bank’s N1m savings prize

    A worker with Lagos State Government, Kazeem Adewale, has won the N1 million star prize of the “Reach for the Skye Millionaire” scheme draw held in Lagos.

    The scheme is meant to encourage people to save.

    Adewale thanked the bank for putting its customers first.

    He said he would divert the prize in something that would help him to save more.

    According to the Head, Retail Banking, Skye Bank Plc. Nkolika Okoli, “the scheme provides a unique opportunity for the bank to stay in touch and reward its SavePlus account holders, who have a unique role to play in the country’s future economic expansion.

    “We are passionate about driving the CBN’s financial inclusion strategy in ensuring the under banked and unbanked, begin to find the propositions of banking services more attractive and convenient and then take the bold step of patronising our numerous cost saving  products and offerings, a passion which we fully share with existing customers.”

    The monthly draw would, she said, would afford three customers; both old and new, to emerge millionaires, adding that 10 will be rewarded with N100, 000 each and four, N250, 000 each as consolation prizes for having at least a minimum of N2,000 balance in their accounts within that month.

    Skye Bank will give away N60 million under the scheme to customers who operate the Skye Save Plus account and maintain a minimum credit balance of N2,000 on an incremental basis.

  • Chams Mobile, Skye Bank launch Visa virtual card

    Chams Mobile, Skye Bank launch Visa virtual card

    Chams Mobile Limited, a licensed Mobile Money Operator, and Skye Bank Plc, have launched the first Virtual Visa Card in Nigeria. The virtual Visa card is an entirely digital payment card for online and mobile use, both locally and internationally. The card is unique in that cardholders get a full card image (the Virtual card) on their mobile device, PC, or tablet, with a plastic card offered as an option if customers prefer.

    The new payment system is expected to expand financial inclusion to millions of Nigerians by offering a low cost mobile banking solution, as the card is issued free and linked to a broad range of financial services. It also offers an online payment alternative for eCommerce savvy individuals, small businesses and corporate companies, membership associations, and more.

    The new Visa Virtual card is available under the Kegow brand at www.kegow.com.  Kegow is the program and card brand of Chams Mobile Ltd. Deputy Managing Director Chams Mobile, Mr. Gavin Young, said that he was excited to partner with Skye Bank and Visa on this unique and ‘First in Nigeria’ Visa Virtual Card payment solution, which was developed with the company’s international joint venture partners Bancore AS (as the mobile financial services processor) and Global Technology Partners (as the Visa prepaid card processor).

    “It’s unique in that customers actually see an image of their card on their mobile phones, tablets and PCs, whereby all the essential features of a physical card are shown in it’s ‘Virtual form’; card number, expiry date and CVV number, for example. This, for many customers, negates the need for a physical plastic card, although we offer plastic cards as an option for customers requiring such.”

  • Ecobank ordered to pay Skye Bank N629m APG

    Ecobank ordered to pay Skye Bank N629m APG

    Ecobank Plc has been ordered to make good its obligation under the Advance Payment Guarantee No ENG/PH/GO394A as security for the release of the sum N629 million to Skye Bank Plc.

    This order was handed down by the Bankers Committee which told Ecobank that the terms of the APG “was binding while No. 2 APG was unilateral and not binding. Therefore, it was not enforceable.”

    Skye Bank’s decision to call in the APG, the Bankers Committee noted “was called within its validity period, there is no provision in place for extension of the guarantee.”

    Skye Bank had reported Ecobank to the Bankers Committee claiming that “Ecobank had blatantly refused to hounour its terms under the guarantee as their customer had delivered only 222 generating sets out of the total number leaving a short fall of 532 generating sets valued at N442, 317, 150. 00.  It is therefore apparent that Ecobank Plc was in breach of its obligation and does not desire to remedy the situation.”

    Skye Bank had argued that on November 25, 2010, on the application of its customer, Messrs Teasons Power Product Company Limited, it relied on an Ecobank APG No ENG/PH/GO394A as security for the release of the sum N629, 280, 000.00 to their customer, PA-Simons Fabrications Limited for a sub-contract to supply and install 754 generating sets with installation materials in various local government areas of the country.

    However, Ecobank in its defence had argued that “prior to Skye Bank’s demand for payment, by a letter dated February 3, 2011, Teasons had discharged Ecobank of liabilities up to N200million based on utilisation on the work plan between Teasons and the customer. By the terms of the APG No. 1, “Ecobank’s liability reduced in proportion to the extent of work done.”

    Skye Bank therefore, called on the sub-committee to compel Ecobank Ltd to make good its obligation under the guarantee and refund Skye Bank the sum of N442, 317, 150.00 .

    Ecobank said: “The APG expired on May 24, 2011. “However, prior to the expiration of the APG, Skye bank vide it’s letter dated May 11, 2011 made a demand on Ecobank for payment of the guaranteed sum on the ground of failure of the customer to perform the contract. The customer thereafter formally requested that Ecobank should extend the validity of the APG to accommodate the competition of the contract.

    “Five months after the issuance of the supplemental Guarantee APG No. 2 and silence from Skye Bank on its demand dated May 11, 2011 on APG No. 1 having received APG No. 2, Skye Bank mischievously sought to make a further demand on APG No. 1 by a letter dated November 16, 2011.”

    In response, Ecobank issued its letter dated December 8, 2011 wherein it stated that it was not liable to Skye Bank on the said APG No. 1 as claimed by Skye Bank, as APG No.1  had been superseded by APG No. 2 which expired on June 26, 2011.

    Ecobank argued that “it would appear that Skye Bank forgot to make a demand on APG No. 2 and decided to feign ignorance of APG 2 and sought to revert to APG No. 1 which had ceased to exist.”

    The bank alleged that “Skye Bank’s contention that it did not receive the APG No. 2 since it did not affect and did not seek confirmation as baseless as lack of confirmation by Ecobank did not affect validity of the guarantee, it was just added comfort.”

  • Skye Bank empowers youths

    Skye Bank empowers youths

    Skye Bank Plc has concluded its financial training for the youth. It was designed to empower them with the necessary entrepreneurial and financial planning skills.

    According to a statement issued by the bank, the Sustainability and Consumer Protection Department, which anchored the training, said the programmes were based on the ongoing Financial Literacy Mentoring and Skye Financial literacy seminar initiatives of the bank.

    It said Government Day Secondary School, Wuse 2, Abuja, was adopted for the mentoring programme where the training developed by Junior Achievement of Nigeria (JAN) was administered to the students over the course of the 2014/2015 academic session. A total of 84 contact hours were devoted to delivering the 7-modules training to all the students in the six  arms of the school.

    “The Skye Financial Literacy Seminar series was conceived on the strength of studies which showed financial literacy as an important component of sound financial decision making. The objective of the seminar series is to help participating students acquire the necessary financial knowledge and develop corresponding financial intelligence that will be useful for their lives’ journey. The seminar has taken place in Lagos, Ibadan, Calabar, Uyo, Port Harcourt and Yenagoa with a total of 208 contacts hours invested in teaching over 7000 students across 52 schools”, the statement explained.

    According to the bank, the lecture focuses on money, how to make,manage and multiply money as well as the role of banks and other financial institutions in the management and multiplication of money.

    Phoebestar Royalty Schools, Osogbo, has been adopted by the bank for the next round of Ongoing Financial Literacy Mentoring while the Skye Financial Literacy Seminar series would be focusing on the Southwest states.

     

  • Skye Bank, RT Briscoe partner on automobile financing

    Skye Bank, RT Briscoe partner on automobile financing

    Skye Bank Plc has partnered with RT Briscoe by providing finance for the Ford brand of cars for people who may not have the bulk cash needed to purchase such cars.

    Under the arrangement, the bank will provide 70 per cent  of the cost of the car to its existing and prospective customers during the six-month promo organised by RT Briscoe. The customer contribute 30 per cent of the cost.

    The special arrangement is to complement RT Briscoe’s attractive incentives for aspiring car owners in commemoration of its 10th year anniversary as Ford auto dealers in Nigeria.

    According to a statement issued by the bank, the financing window is available to as many Nigerians who earn a regular income, including business owners with viable and thriving businesses under its Skye Auto finance scheme.

    “ All a prospective buyer needs do is make his or her choice from any RT Briscoe outlet and visit any Skye bank branch with the purchase invoice, 30 per cent of the purchase price and evidence of income”, the bank explained.

    It further said customers who purchase Ford vehicles during the promo period through the bank will enjoy some exclusive benefits like discounted vehicle prices, two per cent interest rate discount on loans granted for vehicle acquisition, and four-year free labour service on such cars.

    Other benefits include free car delivery on purchase, three-year warranty, eligibility to win another Ford vehicle in a raffle draw, among others.

    Skye Bank has an auto loan scheme for its customers through which such customers can buy a wide range of vehicles after paying their equity contribution of 30 per cent, leaving the bank to provide the balance of 70 per cent.

     

     

  • Alaba traders endorse Skye Bank’s millionaire promo

    Alaba traders endorse Skye Bank’s millionaire promo

    The on-going ‘Reach for the Skye millionaire promo’ of Skye Bank has been endorsed by traders at the Alaba International Market, Lagos where the bank held an open air draw for the next set of winners.

    Speaking on the occasion, Head, Retail Banking Group, Skye Bank Plc, Mrs. Nkolika Okoli,  said the bank would continue to encourage the adoption of the savings culture by members of the public.

    The choice of Alaba International Market was strategic as the traders who are also a target group of the bank, trooped out enthusiastically to witness the draw.

    “The reward scheme is, indeed, a win-win for both the bank and its esteemed customers as it seeks to reward the customers while at the same time grow its customer base. During the one year promo period, a total of N60 million would be won by the customers. During the monthly draws, three customers would will N1 million each, while four others would smile home with N250,000 each. Another 10 will each win N100,000. By implication, N5 million would be won each month,” she said.

    Okoli explained that qualification for participation in the monthly draw is for a customer to have at least a minimum opening balance of N2,000 with the bank within that month. Each additional N2,000 doubles a customer’s chance of winning any of the prizes.

    At the Alaba promo draw, a civil servant with the Lagos State government, Kazeem Adewale, and two others won N1 million each in the August draw of Skye Bank’s ‘Reach for the Skye Millionaire promo’.

    The other winners, Uche Onuegbu, an Aba based businessman; and Adewale Abiodun Adeyemo of Offa, Kwara State, also became N1 million richer after the event. Four other customers went home with N250,000 each. The lucky customers are Mrs. Aina Fabode of Jos branch; Kalu Okeke Ogbonnaya of Aba branch; Lawal Basheer; and Gazal Fatimat.

    Those who won the N100,000 prize money are Maiyegun Bunmi, Nnodu Onyinye Somadina, Alebiosu Falilat Oluwakemi and Alaba Ogini Olawale. Others are Wabi Mohammed Bakari, Aina Oluwafemi Abiodun, Friday Adodo, Igbinediaon Augustine, Anyawata Catherine, and Oladosu Kemi Dada.

    The electronic draw conducted in the presence of officials of the National Lottery Commission also produced 10 lucky individuals who won N100,000 each, bring the total prize money to N5 million.

    According to Okoli, a customer would qualify for the draw after opening a Skye Save Plus account with a minimum of N2000, while each additional N2000 increases the customer’s chance to win the N1 million prize. Okoli said the draws would hold every month, with a total of  N60 million up for grabs during the 12 month duration of the reward promo.

    She therefore enjoined the members of the public to open a Skye Save Plus account with bank with a minimum balance of N2000 in order to benefit from the ongoing promotion. The representative of the National Lottery Commission, described the electronic draw conducted as open, transparent and clear, saying it conformed to the commission’s requirements of a credible draw.

    She urged members of the public to take advantage of the bank’s promotion to transform their businesses by opening accounts with it so as to be able to take part in future draws. The winners expressed joy at their good fortunes and promised to continue to make Skye Bank their number one bank because of its transparent operations, processes and efficient customer service.

  • Skye Bank gets IT, security management certification

    Skye Bank gets IT, security management certification

    Skye Bank Plc has attained three International Standard Organisation (ISO) certifications from the British Standard Institution.

    The three certifications were the IT service management system which meets the requirements of ISO/IEC 20000-1:2011; information security management system which complies with the requirements of ISO/IEC 27001:2013; and the business continuity management system which complies with the requirements of ISO 22301:2012.

    The IT security management system certification implies that the bank can design, develop, deliver and improve its IT services to both its internal and external customers, while the information security management system means the security of all data transacted and stored in the bank is guaranteed.

    Besides, the business continuity management system underlines the bank’s business continuity model in relation to critical financial services provided by the bank. The Central Bank of Nigeria has made the certifications statutory for banks as a way of expanding their capabilities in IT and security management systems as well as business continuity management.

    Speaking about the integrated management system certifications, the bank’s chairman, Tunde Ayeni said the certifications represented a major thrust of the bank’s philosophy of service excellence and its customer centric approach.

    He restated the commitment of the bank to continually improve its services using modern technology for the benefit of its customers, adding that service innovation would be a major component of the bank’s value delivery to its customers.

    The Group Managing Director/Chief Executive Officer of the bank, Timothy Oguntayo, described the certifications as a milestone towards achieving the vision of the bank of becoming a leading and first class commercial bank.

    He also said the awards reflected the bank’s mission of providing excellent services to the customers using technology, noting that the acquisition of Mainstreet Bank had helped the bank to enhance the pursuit of international honours.

  • Skye Bank employs 62 trainees

    Skye Bank Plc has employed 62 fresh graduates who also completed an intensive seven-week basic banking training programme at the Skye Business School, Ibadan, Oyo State.

    In a statement, the lender said the new intake acquired basic banking training programme, adding that they have diverse academic backgrounds and impressive academic records.

    Addressing the new Skye Bankers at the graduating of streams 39 and 40 of the ‘Skye Graduate Intensive Training (SGIT), Group Managing Director/Chief Executive Officer of the bank, Mr. Timothy Oguntayo, urged the new employees to uphold integrity and professionalism in their various assignments.

    The bank chief said the lender placed a high premium on staff training and manpower development as a way of  building a knowledgeable and competent work force in order to see the employees excel in their assigned tasks.

    “We have given you a good foundation; you must continue to build on this foundation to be knowledgeable and to excel in your careers,”he said.

    The Skye Bank boss urged them to continue to seek new knowledge to become knowledge- based employees, noting that continuous learning would bring about improvement on their jobs.

    He also charged them to embrace team spirit, hard work and integrity to succeed in their careers.

     

  • Skye Bank refocuses retail with ‘Millionaire Reward Scheme’

    Skye Bank refocuses retail with ‘Millionaire Reward Scheme’

    Skye Bank Plc has reinforced a new focus on the retail segment of the market with the introduction of a new customer reward scheme titled: ‘Reach for the Skye Millionaire Reward’.

    The scheme, launched last month, was to encourage a savings culture amongst the mass segment of the market.

    The bank’s Head of Retail Banking Group, Nkolika Okoli, said the lender would continue to encourage the adoption of savings culture among the population.  She described the scheme as a win-win for both the bank and its customers as it seeks to reward the customers while at the same time helping the bank to grow its deposit base.

    She said the bank will give out a total of N60 million to lucky customers in the promo and that the winners will be selected through an electronic draw.

    During the monthly draws, three customers will win N1 million each; four others will win N250, 000 each; 10 others will each win N100, 000 making it a total of N5 million win monthly. The lucky winners were selected in an electronic draw conducted in public under the presence of officials of the National Lottery Commission.

    To win, a customer will operate Skye Save plus savings account with at least a minimum credit balance of N2, 000 and incremental credit balances in multiples of N2, 000.

    Already, winners have emerged. Last week, the first draw, which took place in Bodija market Ibadan, saw 17 customers emerging as the beneficiaries of the N5 million cash prize. Three customers won N1 million each, while four others became N250,000 each. Ten others won consolation prize of N100,000 each. Those who won the N1 million prize were Mr. Damie Morrison of Garki ,Port Harcourt Branch; Innocent Oguabi of Katako branch, Abuja; and Donatus Okoro of Badagry Branch.

    The lucky winners of the N250,000 prize include Okunola Olabiyi Najeem of Fagbewesa, Osogbo Branch; Ukana James Funsho of Trans Amadi, Port Harcourt Branch; Ifesie Chukwuagozie of Ikoyi Branch and Odinnaya Linus Sani of Trade Fair, Lagos. Those who won the N100,000 prize money are Solomon Michael Nkume, Gaya Felix Falum, Olugbenga Mustapha Lasisi and Ologunagba Adenike Adejoke.

    Morrison, a civil servant with the Rivers State government, said he had never trusted banks promos until now that he won. According to him, he had thought the selection of prize winners was an arrangement between the bank and some ‘chosen’ customers to deceive the public. “When I first told my friends that Skye Bank called me to inform me that I won N1 million, they said it was a lie; that it was ‘419’. However, they have now believed that it is real”, Morrison explained. He said he would continue to patronize the Bank, describing it as ‘the best and most transparent Bank’ around.

    Innocent Oguabi, an Abuja based businessman, expressed joy for winning the money. According to him, he would use the money to further expand his business. As a result of the transparent process that brought fortune to him, he said he has started convincing his friends and colleagues to Bank with Skye Bank.

    “It was a surprise to me. I didn’t even know that they were doing a draw. But they called me that I won N1 million in the draw that they did. I didn’t believe it initially but after several calls from the Bank, I now believe. I thank Skye Bank for this gesture. It shows that they are a Bank that follows process” he said.

    The Area Manager,  National Lottery Commission, Oyo State, Mr. Tayo Fasuhanmi, described the electronic draw conducted as open, transparent and credible, saying it conformed to the commission’s requirements of a credible draw. He advised members of the public to take advantage of the bank’s promotion to transform their businesses by opening accounts with Skye Bank so as to be able to take part in future draws.

     

  • Skye Bank’s customers get N5m prize money

    Skye Bank’s customers get N5m prize money

    Three customers of Skye Bank Plc were lifted up as they won N1 million each at the bank’s ‘Reach for the Skye’ promotional draw which took place in Ibadan, Oyo State on Thursday. The lucky winners were selected in an electronic draw conducted in the presence of officials of the National Lottery Commission.

    The winners are Damie Morrison of Garki Junction branch, Port Harcourt; Innocent Oguabi of Katako, Abuja Branch; and Donatus Okoro of Badagry branch.

    In addition, four other customers won N250,000 each, while another 10 won N100,000 each in the transparent draws. The total prize money redeemed by the bank was N5 million.

    Speaking on the ‘Reach for the Skye Millionaires promo, Skye Bank’s Head of Retail Banking Group, Nkolika Okoli, said the bank would continue to encourage the adoption of the savings culture by the members of the public.

    According to her, the qualification criterion for the promo is for a customer to open a Skye Save Plus account with a minimum of N2000, with each additional N2000 increasing the customer’s chance to win the N1 million prize.

    Okoli said the draws would hold every month and the bank’s customers would win N60 million in all before the promo is concluded. She therefore enjoined the members of the public to open a Skye Save Plus account with bank with a minimum balance of N2000 in order to benefit from the ongoing promotion.

    The Area Manager, Oyo State, of the National Lottery Commission, Mr. Tayo Fasuhanmi, described the electronic draw conducted as open, transparent and clear, saying it conformed to the commission’s requirements of a credible draw. He advised members of the public to take advantage of the bank’s promotion to transform their businesses by opening accounts with it so as to be able to take part in future draws.