FCMB Adopts a Secondary School in Uyo as Part of the Financial Literacy Day Initiative

Lagos: March 28, 2014 - Leading financial services institution, First City Monument Bank (FCMB), in commemoration of the 2014 Global Money Week and Financial Literacy Day has reinforced the Bank’s commitment towards youth empowerment and development through a fully interactive day session on Financial Literacy with the students of Community Secondary School (CSS), Aka Offot, Uyo, in Akwa Ibom State.


The event which held on March 14, 2014 to coincide with the World Financial Literacy day celebration, was organized in partnership with Junior Achievements of Nigeria (JAN), a financial education non-governmental organization. The programme, an initiative of the Banker’s Committee in collaboration with the CBN, is focused on educating Nigeria’s youth about their economic environment, impressing upon them the importance of saving, entrepreneurship and financial creation.

Delivering a lecture to the students at the occasion, the Deputy Managing Director of FCMB, Mr. Segun Odusanya, stressed the importance of the students to be financially conscious at all times and inculcate the savings habit early. He went on to explain the difference between a need and a want, telling the students to inculcate the habit of prioritizing their needs over their wants. He also urged the students to spread the financial literacy message to their parents, guardians, siblings, friends and others.

Odusanya announced that the Bank has adopted the school for a full year financial literacy programme support, part of which will involve the participation of the bank’s staff in providing tutoring to the students and other support activities during the period. In addition, he also announced the donation of computer sets to the school to enhance the actualisation of the objectives of the financial literacy and inclusion projects in Nigeria.

In his response, the School Principal, Mr. Jehu Obobikpe, commended the CBN and FCMB in particular for committing both human and financial resources to bring the initiative to live. He described the project as an important step in nation building, saying if maintained could serve as the much needed solution towards the eradication of poverty in the country.

The Global Money Week, (formerly Child and Youth Finance Week), is a worldwide money awareness event marked yearly from March 10 to 17.

First City Monument Bank 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. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of personal and business aspirations of its customers.