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FirstBank MD designate commends Forte Oil’s support to Cash-Lite policy

Mr Adesola Adeduntan, Group Managing Director–Designate, First Bank Holdings Plc, on Friday commended the efforts of Forte Oil Plc in supporting the Cash-Lite policy of the Central Bank of Nigeria (CBN).

Adeduntan gave the commendation at the launch of FO Advantage card by Forte Oil Plc in Lagos.

He said that the initiative was a welcome idea which needed to be emulated by other organisations given its popularity among Nigerians.

The Managing Director of Forte Oil, Mr Akin Akinfenwa, said that the verve card was a home-grown initiative of Forte Oil, First Bank Holdings Plc and Interswitch Ltd.

Akinfenwa said that the verve card, which was designed to be used in all Forte Oil’s retail outlets, could also be used on any electronic payment channels nationwide.

He added that the card, which designed to reward loyal customers at all Forte Oil’s filling stations, would continue to offer value propositions to customers.

“The card is a smart-fuel card which qualifies as a better alternative to cash transactions and provides a secure mode of payment.

“The FO Advantage card can also be used anywhere the verve card is accepted.

“Today’s launch of the FO Advantage card is significant to us and just like the theme of this year’s customer service week; we are celebrating ‘our everyday heroes’ by giving them a product that is convenient and secured.

“Permit me to say that we are in business because of our customers and our service mantra is to always meet and surpass their expectations at all times,’’ Akinfenwa said.

The managing director said some of the advantages of having the FO Advantage card include reward, convenience, security, availability and assistance in managing budget.

Also speaking, the Group Managing Director of Interswitch, Mr Mitchell Elegbe, said that the verve card would be available and used in all the retail outlets of the company.

Elegbe, represented by the Chief Operating Officer, Interswitch, Mr Charles Ifedi, said that the initiative would enhance the sensitisation of the Cash-Lite programmes in the country. (NAN)

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