The Central Bank of Nigeria has granted TAJBank Limited permission to conduct countrywide banking operations (CBN
The license follows a number of accolades the bank has received in its two years of operation, including three International Standards Organisation (ISO) certificates.
Mr. Hamid Joda, the Managing Director/CEO of TajBank, described it as another accomplishment at a media briefing held yesterday in Abuja. The bank has impressive products and services that make it a top choice for non-interest banking operations.
He said, “I want to assure them (CBN) that with the latest approval by the authorities, we will deploy all human and technological resources to their doorsteps and give real meaning to the National Financial Inclusion Strategy (NFIS) by bringing world-class non-interest banking products and services to their doorsteps for growth and prosperity.”
The CEO also said the national license would help in growing the bank’s agency network to 25,000 by 2025, thereby reducing the financial exclusion rate.
TAJBank’s management had in June unveiled plans to launch Nigeria’s first private sector Sukuk offering under a N100 billion programme under a Mudarabah structure, thereby marking a historic shift from government-dominated Sukuk offerings to a fully private sector-oriented offering in the Nigerian debt markets.
Commenting on the national licence issuance to the non-interest lender, the bank’s Executive Director, Mr Sherif Idi, said: “We are very excited to achieve this feat, especially when the potential benefits to our customers and the nation’s economy cannot be quantified in socio-economic terms.
“For us, it is a call for more services to millions of Nigerians, who are desirous of having access to credit without pain. Let me say it out loud, we shall not disappoint them on this expectation.”
Source: dailytrust.com
