Sunday Ehigiator
A customer of Lift Above Poverty Organisation (LAPO) Microfinance Bank, based in Zaria, Kaduna State has won the Star-prize amount of N1 million at the LAPO Xpress Save and Win Promo, held yesterday at the company’s headquarters in Lagos.
Speaking before the draws, LAPO’s Founder, Dr. Godwin Ehigiamusoe said, the promo was held in line with the bank’s mission to provide value-driven and accessible financial services through innovation.
According to him, “We designed the Xpress savings account, a tier one savings account with basic account opening requirements and a very easy entry savings amount as low as N200.
“The key objective of the Xpress savings account is to further deepen financial inclusion, achieve poverty alleviation, and invariably help our customers build sustainable wealth. The Xpress savings promo was carefully designed to through a reward system influence behavioural change to adopt savings as a means of building sustainable wealth. Season 1 of the Xpress savings attracted participants from across the country with Mrs. Sherifat Haruna, a resident of Adamawa State, emerging as the star prize winner of the sum of N500, 000 and 100 customers won N20,000 each as a consolation prize.”
Speaking on the criteria of qualification for the promo, The Head of Corporate Planning Department, LAPO, Dorcas Thorpe, said, “The criteria used was for customers to open the Xpress Savings Account, and start saving at least N30,000 within 3 months. That means a minimum of N10,000 per month to qualify for the promo. With this, you stand a chance to either win a consolation prize of N40,000 or the N1 million star prize.”
