Heritage Bank Extends AgencyBanking Network

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Ifie Sekibo
Ifie Sekibo, MD, Heritage Bank

Heritage Bank Plc has registered its presence in Ogijo in the Sagamu Local Government Area of Ogun State with the inauguration of Dunmop Ventures as agent banking partner under the financial inclusion policy of the Central Bank of Nigeria (CBN).

The bank recently inaugurated the corner shop as its agent banking partner to carry out agent banking transactions at Shagamu road in Ikorodu area of Lagos State.

The agent bank is expected tohandle account opening, cash deposit, funds transfer; cash withdrawal and bills payment among others.

Mrs. Oluwakemi Adewunmi, who is in charge of agent banking in South-west and South-south for the bank, while speaking at the opening ceremony said the bank had signed on more than 500 agents since it commenced the programme about two years ago.

She noted that the bank was using the agency banking system to bring banking services to the door steps of the rural communities in the country.
According to her, based on the market survey Heritage Bank carried out on the neighbourhood, the people living in the community used to travel over a distance of a minimum of 7km before reaching the nearest bank in Ikorodu anytime they needed to do banking transaction.

Again, she added that financial transactions could now be carried out seven days a week without regard to weekends and public holidays.
Adewunmi explained that customers can open bank accounts, deposit cash, transfer money even to other banks and also pay bills.

Managing Director of Dunmop Ventures, Mr. Kale Adekitan said his firm was excited to be appointed as an agent of Heritage Bank, adding that it would contribute to the growth and development of the community which previously lacked banking facilities as residents had to travel to Ikorodu or Ogijo to be able to have access to banking facilities.