Lotus Bank Highlights Gains of Ethical Banking at Stakeholder Engagement Forum

Lotus Bank, Nigeria’s prominent non-interest Bank, has restated its commitment to transparency and inclusive financial practices as it reeled out the gains of ethical banking at the Stakeholder Engagement Forum held recently at Four Points Hotel, Victoria Island, Lagos. 

The event brought together the Bank’s executive management team, members of the press, and other stakeholders to foster deeper understanding and engagement around the principles of non-interest and ethical banking, the Bank’s innovative offerings, and its commitment to ethical and inclusive financial practices.

The Executive Director, Dr. Isiaka Ajani-Lawal, who stood in for the Managing Director, expressed gratitude to the media, emphasizing their role in educating the public on non-interest banking. “We appreciate the media for helping us communicate our mission and values. This engagement is essential in broadening awareness of ethical banking in Nigeria,” Dr. Ajani-Lawal stated.

Discussions focused on the profit-sharing model of non-interest banking, Lotus Bank’s zero account maintenance policy, and the importance of socially responsible banking.

The Managing Director, Mrs. Kafilat Araoye, in a statement shared through Dr. Ajani-Lawal, noted that the forum was not just an event to connect with stakeholders but an opportunity to reinforce the Bank’s commitment to transparency, partnership, and community impact. “This gathering reaffirms our commitment to educating and engaging with our stakeholders about the values of non-interest banking. We believe in creating awareness about ethical banking and fostering financial options that align with the values of the communities we serve,” she shared.

Through this forum, Lotus Bank reaffirms its commitment to transparency and inclusive banking, aiming to build stronger partnerships with stakeholders to promote financial awareness and ethical banking practices across Nigeria.