Sterling Bank

Naira Scarcity: Sterling Bank lifts charges on fund transfers

By Muhammadu Sabiu 

A commercial bank in Nigeria, Sterling Bank, has announced that all bank fund transfer services will be offered for free for seventeen days.

This is coming amidst the tough time customers are passing through when withdrawing and depositing money, using online banking, and other financial activities due to the CBN’s new naira note policy that placed many restrictions.

In an email Sterling Bank sent to its customers, it says, “We at Sterling understand the difficult times many of our customers are facing. In light of this, all our fund transfer services will be offered Free of Charge to all personal account customers from February 6, 2023, till February 18, 2023.

“Additionally, we are also pleased to announce that we will be issuing free Debit Cards to all interested customers. This will provide you with a convenient and secure way to make purchases and carry out transactions. You can order your cards directly on OneBank (Download the latest version on your phone’s App Store or simply go to sterling/OneBank)”.

Controversial Easter Flyer: CAN demands dismissal of Sterling Bank CEO

By Muhammadu Sabiu

The Christian Association of Nigeria (CAN) has demanded the firing of the Chief Executive officer (CEO) of Sterling Bank, Mr Abubakar Sulaiman, after the financial institution made a debatable Easter flyer.

The Christian body accused the bank of likening the Resurrection of Jesus to Agege bread, in response to which the CEO apologised.

A statement released by the CAN has described the comparison as “ungodly, wicked, insensitive and deliberately provocative.”

“The attention of the leadership of the Christian Association of Nigeria has been drawn to an ungodly, wicked, insensitive and deliberately provocative advertisement of Sterling Bank, comparing the Resurrection of our Lord and Saviour, Jesus Christ to ‘Agege bread’ amidst the Easter celebration.

“In case the management of Sterling Bank is not aware, the Resurrection of Jesus witnesses to the immense power of God Himself. To believe in the Resurrection is to believe in God. If God exists, and if He created the universe and has power over it, then He has power to raise the dead. If He does not have such power, He is not worthy of our faith and worship.

“Only He who created life can resurrect it after death; only He can reverse the mystery that is death itself, and only He can remove the sting and gain the victory over the grave (1 Corinthians 15:54–55). In resurrecting Jesus from the grave, God reminds us of His absolute sovereignty over life and death,” the statement read partly.