Keystone Bank launches ‘Oga account’ for business owners

Keystone Bank Limited has launched a special saving account for business owners tagged: ‘Keystone Apprentice Settlement Savings Account.’

According to the bank, the new account also known as ‘Oga Account’ which was formally launched in Lagos, is ‘aimed at meeting the needs of its customers across Nigeria involved in the apprenticeship system.

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The lender noted that the account is a purpose-driven savings account, with zero account maintenance charges, that allows customers who are entrepreneurs, popularly known as ‘Oga’ to save conveniently and seamlessly towards building up funds to settle their apprentice/servant upon the completion of their service.

Speaking at the launch, the Managing Director/CEO of Keystone Bank, Mr Olaniran Olayinka, represented by the Regional Head, Region 1, Lagos and West Directorate of Keystone Bank, Mrs Helen Maiyegun, said: “It is our tradition at Keystone Bank to consistently deliver products and services that support the needs and aspirations of retail businesses and SMEs, which are the economic drivers of growing and emerging economies globally.

“In furtherance of this commitment, we are currently providing capacity training, access to investment, and financial grants of N3 million each, to SMEs in our Keystone Start Up Advantage Program aimed at equipping small business owners with requisite skills and funds required to navigate the infancy stage of their business existence.”

Speaking on the features and benefits of the savings plan, Mr Anayo Nwosu, Divisional Head, Retail, SME and Value Chain of Keystone Bank noted that the plan is positioned to speak to the lifestyle needs of the bank’s customers to encourage them to save towards a goal and build financial discipline.

He added that the product solves a market need that is as old as the Bible, stressing that apprenticeship is African culture.

“The apprenticeship model is a way of thinking about how to finance and invest in human resource entrepreneurial activities to promote economic growth, stability, and sustainable livelihood.”