Connect with us
nairametrics

Paid Content

FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria

FBNQuest Trustees Limited, an FBN Holdings company, is honoured to celebrate its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria. 

Published

on

FBN holdings plc, First Bank

FBNQuest Trustees Limited, an FBN Holdings company, is honoured to celebrate its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria.

FBNQuest Trustees was incorporated as Standard Trustees Nigeria Limited on August 8, 1979. The company at the time was a wholly-owned subsidiary of First Bank of Nigeria Limited, which was known as Standard Bank of Nigeria Limited. The name Standard Trustees Nigeria Limited was changed to First Trustees Nigeria Limited in March 1980, and in April 2014 it was renamed FBN Trustees Limited to align with the FBN Holdings group naming convention. In November 2017 it was again re-named FBNQuest Trustees Limited to signal its membership of the FBNQuest family and its commitment to partnering with its clients on their quest to define and achieve financial success.

[READ MORE: First Bank’s Adesola Adeduntan Bags ‘Best Chief Executive Officer’ Award]

FBNQuest Trustees will celebrate its milestone anniversary by hosting its esteemed stakeholders at an event themed “A Legacy that Preserves Legacies”, which is scheduled to take place on Friday, 13 September 2019 at The Landmark Event Centre in Lagos. The event will present an opportunity for FBNQuest Trustees to share key insights on the importance of Corporate Trust Management, Estate Planning, and Wealth Transfer, which are crucial elements to ensuring the preservation of legacies. Dr Omobola Johnson, Senior Partner at TLcom Capital LLP and Former Minister for Communication Technology, will deliver the keynote address at the event.

FBNQuest Trustees is modelled as a representation of the forward-thinking culture of the FBN Holdings group, to improve and develop specialised capabilities within the trusteeship, asset and fund management services of the Nigerian financial system. Today, the company specialises in providing Investment Advisory Services, Corporate, Public and Private Trust Management; and as a part of FBNQuest draws on the trailblazing spirit, and a consistent focus on excellence to deliver exceptional services to clients.

GTBank 728 x 90

Over the past 40 years, FBNQuest Trustees has not only become a leading trust company in Nigeria, but also a key pillar in the business of trusteeship. To highlight some of its key achievements over the years, the company continues to be the preferred local partner for international and multilateral entities looking to have businesses in Nigeria, and in 2013 served as the sole bond trustee on the very first bond issued by a multilateral institution in Nigeria (International Finance Corporation (IFC) $50,000,000 fixed rate senior unsecured bond).

[Read also] Firstbank Agric Expo sets to promote new agribusiness opportunities(Opens in a new browser tab)

FBNQuest Trustees is the first trust company to publish an educative compendium on estate planning to actively engage, and educate stakeholders, on the importance of Estate Planning in Nigeria, through its Legacy Series; and is a pioneer for Islamic finance in Nigeria, which led to its co-management of the first government-issued Sukuk instrument launched by the Federal Government of Nigeria in 2017. The company also partnered and organised a stakeholder engagement on Voluntary Asset and Income Declaration Scheme (VAIDS) and its implications for estate planning.

[READ ALSO: Transact without Borders with the First Bank Verve Global Card]

Speaking about the milestone celebration, the Managing Director and Chief Executive Officer of FBNQuest Trustees, Mr Adekunle Awojobi, emphasised the firm’s impact on trusteeship business in Nigeria, and by extension, the economy.

He said, “From when we began our journey in 1979, FBNQuest Trustees has delivered impeccable solutions for the safekeeping of our clients’ assets, the transfer of generational wealth, and the preservation of their legacies. We are extremely proud to be a part of the 125-year-old legacy of First Bank of Nigeria Limited, and the rich heritage of FBN Holdings as we celebrate a 40-year track record of distinction, dependability and professionalism in the trustee business.”

“We want to thank everyone who has contributed to the growth of the company over the years, as we continue to provide excellent services to our clients. We also take this opportunity to recommit to excellently serving our clients across diverse sectors to ensure that their legacies are preserved,” he added.

In terms of growth and financial performance, the company has continuously delivered shareholder value in alignment with the mandate of the Group. From a share capital of about N30 million in the 90s, the company has increased to share capital of N3billion in 2019; and has grown its profit after tax (PAT) year on year consistently, with liquid trust assets under management in excess of N40 billion as at June 30 2019.

About FBNQuest Trustees

FBNQuest Trustees is a subsidiary of FBN Holdings Plc. Our distinctive heritage as an organisation allows us to leverage specialisation of the subsidiaries of our parent company to enhance delivery and provide world-class client solutions.

GTBank 728 x 90
Fidelity ads

We assess your needs and provide tailored solutions for the safekeeping of assets and transfer of wealth across generations. From estate planning services to government bond issuance, we hold a solid market position as a leading trust services provider.

[READ FURTHER: Reinventing First Bank through creativity and innovation]

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Paid Content

OPay and WorldRemit partner to offer International Mobile Money Transfer Service

Partnership ensures customers continue to make affordable money transfers to family and friends.

Published

on

OPay and WorldRemit Partner to Offer International Mobile Money Transfer Service

Nigerian financial service technology company, OPay has announced a partnership with leading global digital payments platform WorldRemit, to offer international money transfers directly into OPay mobile wallets in Nigeria.

The partnership between OPay and WorldRemit will provide Nigerians with a fast, easy and more affordable way to receive money from over 50 countries including the United States, United Kingdom and Canada directly into their mobile phones.

“We are very excited about our partnership with WorldRemit. At OPay, our goal is to consistently drive financial inclusion across Nigeria, meeting the demands of the banked and unbanked. With this partnership, we will smoothen the process in which Nigerians receive money from friends and family abroad,” says Kunle Olamuyiwa, Director of Remittance Service at OPay.

With our seamless technology, OPay provides Nigerians with a much more comfortable and faster option for customers to receive money in the comfort of their homes. Our 300,000 agent locations spread across the country makes cash withdrawals more convenient,” Olamuyiwa adds.

(READ MORE:CBN takes another major step towards regulating Nigerian fintech firms)

GTBank 728 x 90

OPay also offers an exciting opportunity for customers to save and invest their money in its FlexiFixed service, which offers up to 12% returns per annum.

The service, which launches in September 2020, is immediately available to all OPay customers on KYC 2 level and above. New customers can download the Opay app from the Google Playstore or iOS store and upgrade to KYC level 2 to instantly access the service.

“This partnership ensures that customers can continue to make affordable money transfers to their family and friends in the comfort of their homes. Together WorldRemit and OPay are disrupting traditional money transfer methods by delivering services that customers can access 24/7 via smartphones at their convenience.

“I’m pleased to share that we’ve reduced prices in 48 corridors and passed the savings onto our customers. With communities across the world having to change their lifestyles due to the disruption caused by Covid-19, we’re proud to play our part in making sure our customers can continue to support their family and friends throughout this challenging time,” says Gbenga Okejimi, Country Manager for Nigeria & Ghana at WorldRemit.

For details visit https://operapay.com/remittance/

(READ MORE: “We enable ATM withdrawals without a card” – Ecobank)

About OPay

OPay is a leading mobile money (MMO) and financial technology platform in Nigeria. Currently, it has a network of 300,000 agents, 5 million registered app users, and an ever-increasing range of financial and related services for Nigerians.

GTBank 728 x 90
Fidelity ads

OPay launched its mobile payment service in August 2018, creating an infrastructure on which the company is now also adding new services. The agent-centric mobile payment operation focuses on reaching the massive unbanked population of Nigeria.

About WorldRemit

WorldRemit is a leading international payments company that enables users to transfer money to countries, including the Philippines, Kenya, Nigeria, Zimbabwe, and India, as well as choose whether transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up. The company was founded in 2009.

Continue Reading

Paid Content

Ecobank Nigeria unveils Lead Speakers for Virtual Regional Trade Conference

The conference will provide an opportunity for exporters and importers within Africa to engage.

Published

on

Ecobank Nigeria

Ecobank Nigeria has announced lead speakers for its Regional Trade Conference.

They include Mr. Segun Awolowo, Executive Director/ Chief Executive, Nigeria Export Promotion Council, Tei Konzi, Commissioner of Trade, Customs and Free Movement of Persons of the ECOWAS and Tedd George, Founder and Chief Narrative Officer, Kleos Advisory.

Others are Ade Ayeyemi, Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI) and Patrick Akinwuntan Managing Director/Regional Executive, Ecobank Nigeria Limited.

According to the bank, Segun Awolowo is currently driving the Zero Oil plan as an economic blueprint for Nigeria.

The Zero Oil is a part of the Economic Recovery and Growth Plan (ERGP), a medium-term plan developed by the Federal Ministry of Budget and National Planning to increase the country’s export by increasing production of home made goods, moving from the export of raw materials to value added products thereby increase foreign exchange revenue, promote the value of Nigerian made products and services abroad, and create jobs. It aims at generating $30billion in foreign exchange earnings.

GTBank 728 x 90

Tei Konzi, Commissioner of Trade, Customs And Free Movement of Persons of the ECOWAS is a trainer and Consultant for the popularization of ECOWAS Common External Tariff(CET) and other instruments of integration of the ECOWAS and West African Economic and Monetary Union (WAEMU). while Tedd George, Founder and Chief Narrative Officer, Kleos Advisory, has more than 20 years of experience researching and working in African markets.

Tedd advises on fintech & Agritech projects in Africa, notably in West Africa’s cocoa value chain, and also  regularly appears as chairman, speaker and moderator on the world conference and webinar circuit and as a commentator in the media.

Tedd has a diverse range of specialties, including African markets, disruptive technology (Fintech, blockchain, Agritech & Regtech), soft commodities (especially cocoa), agribusiness (value chain), trade and trade finance.

Ade Ayeyemi, Group Chief Executive Officer, Ecobank Transnational Incorporated has a long, illustrious, and very successful career with Citigroup spanning 27 years, where he held various diverse, enriching, and senior roles.

Ade continued to excel in the various roles and challenges he was given, becoming CEO Sub-Saharan Africa, responsible for all Citigroup’s business in 11 presence and 27 non presence countries.

Also on ground will be Patrick Akinwuntan, Managing Director/ Regional Executive, Ecobank Nigeria Limited, who prior to this appointment was the Group Executive, Consumer Banking at Ecobank Group where he was responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries, 36 of which are in Africa.

As a seasoned banker, with over 20 years of senior and executive management experience, Patrick has held several strategic positions for the Ecobank Group in Ghana, Togo, and Nigeria. He had previously been a Group Executive Director on the Board of ETI and earlier as Executive Director in Ecobank Nigeria.

The Ecobank Regional Virtual Trade Conference with the theme “Facilitating Regional Trade in the emerging AFCFTA era” is slated for the 22nd of September, 2020 and will provide an opportunity for exporters and importers within Africa to engage, creating a marketplace experience.

Speaking in Lagos, Sunday Abah, Head, Trade Finance, Ecobank Nigeria stated that due to its unrivalled footprint across Africa, Ecobank is uniquely positioned to facilitate cross border trade within the region leveraging its comprehensive trade solutions and various payment methods available across its network within Africa.

GTBank 728 x 90
Fidelity ads

According to him, “Ecobank’s unique intra-Africa trade solutions enable settlements of international transactions and mitigation of payment risk while providing regional solutions such as issuance of payment guarantees to exporters without the need for a letter of credit and its related costs to the importer.

Ecobank works closely with clients in structuring transactions, settlements, financing and risk mitigation” he noted.

Further, he said “Our trade products and solutions are designed around two broad areas; trade finance and trade services. Trade Finance enables our customers benefit from adequate and well mitigated credit facilitation in the area of Import finance, export finance, bill discounting, trade loans, distributor finance, payables and receivables finance, structured trade and commodity finance amongst others.

“While our trade services, offer our customers the advantage of speedy turn around and error free processing of their import letter of credits, import collections, avalised bills, Customs bonds, export collections as well as their local purchase orders and payment invoices, via our electronic trade platforms OMNI e-Trade and OMNI eFSC (electronic financial supply chain).”

Continue Reading

Paid Content

How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria

The devaluation of currencies sometimes bolsters a population’s desire for cryptocurrency.

Published

on

BTC Whales, Bitcoin is scarce, entities, individuals hold for long term, How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria

Based on a recent report from Google Trends, the highest search interest for Bitcoin (BTC) globally comes from aspiring investors in Nigeria, followed by South Africa and Kenya—the top three cryptocurrency markets in Africa. However, that record is limited to trading activities on exchanges only and not widespread use or adoption.

Cryptocurrencies have struggled to get integrated into everyday use on the continent of about 1.2 billion people, responsible for over 50% of the global mobile money services. This is a completely bizarre phenomenon.

Why Has Cryptocurrency Not Received Major Integration In Nigeria and Africa?

While digital currencies are yet to be legalized in many countries, some countries are still skeptical about it. Most times, the inhibition towards cryptocurrencies is spurred by the seeming inability to regulate them.

Back in 2017, digital currencies were met with a very adverse reception when they entered Nigerian borders. The Central Bank of Nigeria passed a policy banning all financial institutions from engaging with digital currencies because they, digital currencies, were anonymous and untraceable, making them highly exploitable by bad actors.

GTBank 728 x 90

Meanwhile, Infusion lawyers—a Lagos-based virtual law firm—spoke on the legality of cryptocurrency in West Africa in a report, which emphasized that there were no laws in Nigeria, Ghana, or Kenya that prohibited or criminalized cryptocurrency use.

(READ MORE:Tether whales move USDT 110,000,000 in 1 hour)

However, it is indisputable that some internet fraudsters in Africa have adopted cryptocurrency as their major mode of dealing, painting cryptocurrency in an even worse light.

How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria,Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters

Good News for Cryptocurrencies In Nigeria

In recent times, we’ve seen some positive developments regarding the future of cryptocurrency in Nigeria. In April this year, Nigeria got its very first crypto ATM installed in Lagos.

Meanwhile, it can be said that the devaluation of currencies sometimes bolsters a population’s desire for cryptocurrency.

In Venezuela, for instance, the Bolivar is still struggling to recover from the 97% devaluation it suffered in 2019. The government, at one point, initiated the Petro—the very first nation-backed digital currency—to help placate the economic turmoil in the country. However, it failed to launch because of concerns surrounding its legitimacy.

Quite similarly, the value of the Nigerian Naira has been in a freefall for years now. This could be partly as a result of the growing desire for cryptocurrency as citizens look for more secure and lucrative alternatives.

GTBank 728 x 90
Fidelity ads

(READ MORE:BTC bounty: 69,000 Bitcoins worth $700 million waiting for you)

Although traditional currencies are always going to be in existence in the foreseeable future, digital currencies will play more important roles in lives and economies as people try to keep up with global trends.

Meanwhile, a new breed of cryptocurrency-based companies is starting to sprout up around the country and is promising a brighter future for cryptos in Nigeria. One such company is Patricia.

What is Patricia?

Founded by Fejiro Hanu Adeboje in 2017, Patricia is a leading Nigerian cryptocurrency company that deals in Giftcard, Bitcoin, Patricia Card, and other digital assets.

This platform makes it possible for you to trade Giftcards and Bitcoin in a safe, smooth, and transparent manner and store them in a BTC or Local Currency wallet for use in basic everyday purchases and transactions.

Once you create an account with the company, you can make digital currency payments and transactions anywhere you are, round the clock.

Patricia takes security very seriously and has implemented industry-standard cybersecurity protocols to deter bad actors from using the platform. To open an account the user needs to go by the strict KYC and AML regulations, which makes Patricia accounts as secure as traditional bank accounts.

Although the activities of companies like Patricia can be very favorable considering that it adds to the country’s economic growth, it might not have a major impact on Nigeria’s financial system.

app

 

Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
deals book
Advertisement
IZIKJON
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement