To boost saving culture and deepen financial inclusion, LÁPÒ Microfinance Bank Limited launched the LAPO Xpress Save & Win promotion, Season 2 which rewarded the winner of the promo with N1 million star price. Afterwards, the bank revealed that over N1.8 billion was saved within three month by customer through the LAPO Xpress Save &Win Promo.
The bank said that the LAPO Xpress Savings Promo Season 2 themed: “Double Double” reflects the bank’s proactive response to the current socioeconomic realities and its genuine commitment to empowering customers.
The winner, Halisu Kabiru, who is a customer from the bank’s Zaria 1 branch in Kaduna emerged after a raffle draw for the N1 million grand prize as well as other consolation prize winners of N40,000 each respectively.
Speaking at the raffle draw held at LAPO House in Lagos, Head, Corporate Planning Department LAPO MfB, Mrs. Dorcas Thorpe, said that the bank which started the season 1 of the initiative with 50 thousand customers a few months ago, has increased its customers base to eight million. To qualify and participate in the winning category, Thorpe said that customers must save at least N30, 000 within three months, 10, 000 monthly, saying: “100 people were picked for the consolation prices while one was picked for the star prize.”
Earlier, Director, Marketing & Communications, Mr. Oluremi Akande, said that the key objective of the Xpress savings account was to further deepen financial inclusion, achieve poverty alleviation, and support customers’ to build sustainable wealth.
He added that the management of the bank decided to increase the prizes upwards from N500, 000 as a star prize to N1 million while the consolation prize moves from N20,000 to N40,000 for 100 lucky winners, respectively.
