FIRSTBANK, KATSINA STATE DISCUSS DEVELOPMENT FINANCE PACKAGE

The Katsina State Government and First Bank of Nigeria Plc have agreed to partner on some developmental projects in a bid to boost the state’s economy. This is a fall-out of the business proposal submitted by the Bank recently during a courtesy business visit of the Bank to the Katsina State Governor, Alhaji Ibrahim Shehu Shema.

In the interim, the projects identified cut across all sectors covering social and economic strata of the state.

Welcoming the Bank’s directors, led by Dr. Umaru Mutallab, CON (Chairman); the Managing Director/Chief Executive, Mr. Moyo Ajekigbe; General Garba Duba (rtd); Alhaji Abdullahi Mahmoud; Alhaji Aliyu Alkali; Mr. Ola Oyelola, Executive Director, North and Mr. Sanusi Lamido Sanusi, Executive Director, Risk & Management Control, Governor Shema thanked the board of the Bank for the visit, adding that FirstBank  is the first financial institution to pay him a business visit since he assumed the leadership of the state.

“You are the first bank board to pay a visit to this administration, the first bank to produce a commissioner of finance for this state and you have a first class financial guru as chairman who happens to come from this state."

“I would say here that we are grateful to the board and management of FirstBank for this proposal and I want to assure you that we will see how we can tap into a mutually beneficial relationship between the state and FirstBank.”

Dr. Mutallab had lauded the performance of the governor since he assumed the mantle of leadership adding that he has no doubt about his capability to transform the state.

His words:” We are here to felicitate with you on your election and to wish you God’s guidance. We are glad that you have found one of us fit to serve in your government. People know our Bank’s reputation and pedigree and as a bank with respect for sound corporate governance and best practices. Suffice it to say that we have enjoyed good banking relationship with Katsina State”.

In his presentation of a formal proposal, Mr. Ajekigbe also commended the Governor for appointing Alhaji Adamu Babangida Ibrahim, the Bank’s former Business Development Manager (BDM) for Kaduna as his Finance Commissioner, adding “we are challenged that you have picked one of us as your commissioner for finance because whatever he does will be a reflection of the Bank. We are, therefore, grateful for your confidence in FirstBank”.

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