Ben Eguzozie
The Alternative Bank (AltBank), Nigeria’s leading non-interest bank, has opened a flagship branch in Effurun, Delta State, marking a bold move in a mission to reshape banking in Nigeria.
According to the bank, the site is strategically positioned to serve the wider Edo/Delta region. The branch is designed as a hub for purposeful banking and real financial empowerment for individuals, entrepreneurs, and businesses.
According Chukwuemeka Agada, divisional head (south) of The Alternative Bank, the institution is committed to Warri and its surrounding communities. “By establishing a presence here, we are initiating a transformation in the way banking serves the people of Delta. Our purpose- driven approach ensures that customers’ financial goals are not just met but exceeded,” Agada said.
He added: “This branch represents our pledge to empower Warri’s dynamic businesses and families, providing them with the tools to grow without compromise.”
Delta state, renowned for its vibrant trade and industrious spirit, is the perfect foundation for AltBank’s continued expansion. Agada reaffirmed that they at Alternative Bank understand the heartbeat of the community, and are excited to integrate their bank into the fabric of the dynamic region.
The branch launch was graced by key dignitaries, including Emmanuel Ekemejewa Sideso Abe I, the Ovie of Uvwie Kingdom; Anthony Ofoni, chairman of Uvwie Local Government, represented by Andrew Agagbo, vice-chairman, Uvwie Local Government Council; Ernest Airoboyi, special adviser to the Governor of Delta State on community development, among others.
The bank believed that the presence of the dignitaries highlighted a strong community support for the non-interest financial institution’s mission to bring accessible, non-interest banking solutions to the region.
The Ovie of Uvwie Kingdom, Samuel Eshenake, challenged the bank to facilitate development and employment within the Effurun community. In particular, he told Akanni Owolabi, the regional head, Edo/Delta at The Alternative Bank, as he pledged the Bank’s commitment to work sustainably to drive local commerce.
“At The Alternative Bank, we are committed to being an active partner in the development of Effurun. We see this branch as a catalyst for creating opportunities, driving employment, and supporting the growth of local businesses. Our mission is to empower this community, ensuring that every step forward is one of progress, prosperity, and shared success,” he said.
The bank invited the community to embrace the new chapter, confident that the branch will become a cornerstone of both the bank’s and region’s continued success.
