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FirstBank Nigeria, GMD's speech for moneygram launch


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FirstBank Nigeria, GMD's speech for moneygram launch

  1. 1. WELCOME TO THE LOVELY WORLD OF MONEYGRAM INTERNATIONALBeing a Welcome Address by Mr. Bisi Onasanya, Group Managing Director/ChiefExecutive Officer, First Bank of Nigeria Plc at the Launch of MoneyGram held at EkoHotel & Suites, Victoria Island, Lagos on Tuesday, June 8, 2010The Chairman/CEO, MoneyGram International, Miss Pamela Patsley;The Vice President for International Markets, MoneyGram International, Mr. Herve Chomel;The Senior Regional Director, Anglo Africa & Middle East, MoneyGram International, Miss VickyJohnston;My other colleagues on the Board of the Bank;Other MoneyGram Executives here present;Invaluable customers of FirstBank;Fellow FirstBankers;Gentlemen of the Press;Ladies and Gentlemen:This is a beautiful day; a day to celebrate a beautiful relationship between two outstandinginstitutions. I am not surprised therefore that the bells for this ceremony have sounded far andwide. This is a testimony to the excellent pedigree of the FirstBank group and MoneyGramInternational respectively. If this was a wedding, it is the type that could be christened theultimate wedding of the decade.I am delighted to welcome you to the formal launch of the auspicious partnership betweenMoneyGram International and FirstBank, which I believe will make a remarkable impact on thelives of our invaluable customers and the entire people of Nigeria.Some years ago, we at FirstBank initiated far-reaching measures to transform our business inresponse to the rapidly changing dynamics of the market place. The evolving repositioningexercise has today made FirstBank a veritable example of a first generation bank with theagility, dynamism, processes, technology and corporate mindset of a new generation bank. Thefulfillment of our brand transformation is that FirstBank has become a younger, more nimble and
  2. 2. modern bank. Hence, our brand essence of being dependably, with our corporate culturerooted in four brand pillars: leadership, enterprise, safety and security, and service excellence.Our Bank has progressively and systematically established diverse operations in the Nigerianfinancial services industry, with over 580 widespread service outlets, enabling its emergence asa foremost financial services provider. Subsidiaries of the Bank are making enormouscontributions to the growth and development of the national economy, to the delight of allstakeholders. FirstBank is a pioneer in the money transfer sector. We have a longstandingrelationship with another leading international money transfer company, for which our bank wasthe sole agent in Nigeria for almost a decade, before exclusivity gave way to multi-agencyenvironment. We are proud that we have received many global awards for outstandingperformance in that relationship.It is in furtherance of our mission to provide the best financial services possible that we haveconsummated this partnership with MoneyGram International, a leader in the financial servicesfield for global money transfer and payment services. We are impressed with MoneyGram, thesecond largest money transfer business in the world, which has built a strong and well-established money transfer network all over the world, and continues to expand at a rapid rate.Also, MoneyGram has developed convenient and attractive operational modalities, withoutcompromising the safety and security of customers’ funds.I am reliably informed that since we opened shop with the MoneyGram service there has beenan enthusiastic patronage, which is indicative that customers have been waiting for FirstBank tocommence this new window of opportunity.Ladies and Gentlemen, permit me to acknowledge the untiring efforts of Miss Funmi Omitowoju,Regional Director, Anglophone West Africa, MoneyGram and her team, as well as Mr. GbengaShobo, Group Head, Products and Channels, FirstBank and his team. They worked round theclock to ensure that we can clink the glasses today. They deserve a round of applause.I thank you all for joining us to celebrate this partnership between FirstBank and MoneyGramwhich I believe is a “marriage” for this time and for all times. And I guess you also deserve around of applause.Bisi OnasanyaGroup Managing Director/Chief Executive Officer