Wema Bank takes financial literacy campaign initiative to schools

As part of activities to mark the 2014 GlobalMoney Week, Wema Bank, in partnership with the Central Bank of Nigeria, adopted the Maryland Convent Primary School, Ikeja, Lagos for its Child & Youth Financial Empowerment initiative. Sponsored by the Royal Kiddies Account from Wema Bank, the initiative which involves teaching young people how to save, plan and invest their money to ensure financial freedom in future, also saw the Managing Director of Wema Bank, SegunOloketuyi, make a presentation on financial literacy to students of the school.

In his comments, SegunOloketuyi, MD/CEO of Wema Bank noted that it is the responsibility of the larger society and not just the family alone, to teach and mentor young people on the right way to live by showing them how to save and manage their resources becausedoing so will help create the right environment for a secure future for the children, communities and the nation as a whole.

In her remarks, the Head Teacher of the school, Reverend Sis. Gladys Osagie, thanked Wema Bank for bringing this timely initiative to the school. She said the initiative would go a long way into moulding the character of her pupils. The Bank also presented financial literacy materials to the school library on behalf of the Central Bank of Nigeria.

The Royal Kiddies Account from Wema Bank is open to young people from ages 0 to 13years whilst Purple Account is targeted at young adults from ages 13 – 24 years. Royal Kiddies Account offers life assurance as much as 10 times the account balance subject to a maximum of N10million in case of accidental death or permanent disability of the parent or account administrator. The Royal Kiddies Account holder is also eligible for an e-purse electronic wallet. On the other hand, the Purple Account gives its holder access to various electronic and mobile banking platforms as well as other opportunities tailored to their needs.