FCMB Supports NSE’s Corporate Challenge


First City Monument Bank (FCMB), for the third time in a row, is throwing its weight behind this year’s edition of the Nigerian Stock Exchange (NSE) Corporate Challenge, which comes up on May 14, 2016 in Lagos. Themed “Erase Cancer”, the event is a call to action for Nigerians, especially corporate bodies, including over 100 listed companies and broker dealer firms in the NSE whose representatives and staff are expected to participate in the five kilometer walk, jog and run competition to stand against this menace.

According to the bank, this initiative aligns with various aspects of its corporate social responsibility and its strong belief in the Sustainable Development Goal which focuses on health for all. The main objective of the corporate challenge competition is to raise funds and all proceeds from the competition are expected to be donated towards providing mobile cancer screening centers in Nigeria.

Speaking on the rationale behind FCMB’S continuous support for NSE’s project, the Group Head of Corporate Affairs for FCMB, Mr. Diran Olojo said: “Our concern for cancer patients and their painful experiences drives FCMB’s support for this laudable project. This is more apt when one remembers that cancer accounts for 13 percent of all deaths registered globally. And in Nigeria, about 10,000 cancer related deaths are recorded annually while 250,000 new cases are recorded yearly. This is quite painful to imagine.

FCMB as a socially responsible and conscious corporate body, is keenly interested in this fight. We want Nigerians to know that most types of cancer including breast cancer, cervical cancer, oral cancer and colorectal cancer can be cured if detected early. It is also important to know that our diet and lifestyle play a crucial role in reducing the scourge of cancer. One must maintain a healthy lifestyle and also go through regular medical check-ups.”

This year’s edition which kicks-off at 07.00hours on May 14, 2016 will have participants take-off from the Muri Okunola Park in Victoria Island, Lagos, passing through Ozumba Mbadiwe Road to Akin Adesola Street., to also end the five kilometer race at the same take-off venue. The previous edition had about 500 participants and was held at Onikan Stadium, Lagos Island.

The NSE Corporate Challenge has been designed exclusively for companies listed on the NSE and capital market participants to promote teamwork and a healthy community.
The event provides opportunity for positive competition among corporate teams, as well as a chance to network within the business community
First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.