Sterling Bank Plc at the weekend unveiled Africa’s first free banking services for nongovernmental organisations (NGO).
The scheme, Sterling Cares, was unveiled by the bank in partnership with Sterling One Foundation and the Nigeria Network of NGOs (NNNGO).
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The Chief Executive Officer, Sterling One Foundation, Olapeju Ibekwe, in a statement said the only applicable charge on the account is for SMS notifications and that the International Day of Charity provided an excellent opportunity to publicly support the social impact and philanthropic activities of charitable institutions.
She urged the NGOs in the country to take advantage of the novel Sterling CARES account to keep their costs low.
The Divisional Head, Retail and Consumer Banking, Shina Atilola, said the bank has always prioritised enabling social impact in her business operations.
The Executive Director, NNNGOs, Mr Oyebisi Oluseyi, said the nonprofit membership body Is delighted to receive the news of the introduction of Sterling CARES and its benefits.
“We are delighted to receive the news of the introduction of Sterling CARES by Sterling Bank Plc in partnership with Sterling One Foundation”.