Business

TAJBank Wins BusinessDay’s ‘Islamic Bank of The Year’ Award For 3rd Time

Published

2 years ago

November 6, 2023

The Gleamer

….Newspaper’s mgt link award to lender’s world-class services, others

…..Newspaper’s mgt justifies award on lender’s impressive financials, others

Joel Ajayi

TAJBank Limited, Nigeria’s fastest-growing and most customer-friendly non-interest lender, has again won the BusinessDay newspaper’s 2023 ‘Islamic Bank of the Year Award, beating other contenders in the selection process for the prestigious award for the third consecutive year.

Presenting the award to the Bank’s management, represented by the Regional Head, Lagos Mr. Michael Iteye, during the newspaper’s Banking and Financial Institutions (BAFI) awards ceremony held in Lagos, BusinessDay’s representatives at the awards ceremony, Tosin Sanni, GM Emerging Africa; and Frank Aigbogun, Publisher BusinessDay, said that the award was conferred on TAJBank in recognition of “its commitment to world-class services, impressive financial performances and consistently being at forefront in the nation’s financial inclusion drive over the last three years.”

Speaking on the highly competitive award by the newspaper, the bank’s Founder/Managing Director, Mr. Hamid Joda, said: “As the saying goes, hard work pays. So, the Islamic Bank of the Year Award by BusinessDay to our bank this year is a clear indication that the public is aware of the remarkable strides we are making to set new standards in technology-powered and value-laden services and products to our customers.

“We are happy that this award is coming barely four months after TAJBank became a leader in the Tier 1 Capital ranking and posted the highest Profit Before Tax (PBT) of the non-interest banking segment of the Nigerian Exchange in half year 2023.

“As we have said from the beginning as our corporate mantra that “our only interest is the customer”, the BusinessDay newspaper’s award this year is a confirmation that we are on track in terms of innovative service delivery and value-addition to our growing customers globally.

“Let me use this opportunity to thank our customers, the regulatory authorities and other stakeholders in the financial system that we will not relent in our efforts to consistently offer them the best as we continue to expand the frontiers of our operations for financial inclusion to the unbanked and under-banked people, especially those in the grassroots nationwide”, Joda assured.

Commenting on the latest recognition of the bank for its service delivery innovativeness, TAJBank’s Co-Founder/Executive Director, Mr. Sherif Idi, said: “We are excited for bagging this coveted award, which, based on what the newspaper’s management confirmed was bestowed on TAJBank after a rigorous competition and transparent process adopted by the panel of judges.

“As our Board and management have always said, this award is a call on us to do more in terms of innovative services and products’ packaging and I want to assure all stakeholders in the Nigerian and global non-interest banking space, particularly our valued customers, that TAJBank will not let them down, in terms of their expectations for world class services and getting loans without interest as we jointly continue to take the bank to loftier heights”, Idi assured.

It would be recalled that TAJBank had in 2021 and 2022 won the BusinessDay’s awards and before then had also clinched the Leadership Newspapers’ 2020 ‘Bank Of The Year’ award.

In recognition of the non-interest lender’s strict compliance with global best practices, particularly in information security standards in all areas of its operations, TAJBank in 2022 received the Payment Card Industry Data Security Standard (PCI DSS) certification and three International Standards Organisation (ISO) certifications by the Certification Partner Global (CPG), namely ISO 27001, ISO 22301, and ISO 20000 on Information Security, Business Continuity, and IT Service Management Systems

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Business

FG To Seize Mortgaged Property of Defualting Retiring Public Servants

Published

3 weeks ago

April 23, 2025

The Gleamer

Joel Ajayi

Federal Government Staff Housing Loans Board will henceforth seize mortgaged properties of retiring federal public servants who failed to fully repay the housing loans advanced to them by the board.

In a statement issued by the Staff Housing Loans Board Head, Information & PRU Obiechina Ngozi on Wednesday in Abuja reveals that this is in accordance with the Public Service Rules 021002 (p) as issued by the Office of the Head of the Civil Service of the Federation.

The OHCSF sent out the memo as a reminder for the federal public servants who are about to retire to adhere strictly to the provisions of the Public Service Rules.

The memo reads; “I am directed to bring to your attention the provision of Public Service Rule (PSR) 021002 (p), which mandates all public servants to obtain a Certificate of Non-indebtedness to the Federal Government Staff Housing Loans Board (FGSHLB) and any MDA Staff Multipurpose Cooperative Society, as issued by the OHCSF, as a prerequisite for retirement.”

“Further to the above, it should be noted that in the event of exiting the service prior to full repayment of the housing loan advanced by the FGSHLB, the Board shall exercise its legal right to seize the mortgaged property.”

Speaking on the above, Salamatu Ladi Ahmed, Executive Secretary, FGSHLB, reiterated that the warning is also for retired officers who defaulted.
She stated that the management of the Board, on its part, is compiling the list of all retired federal public servants who are still owing the housing loans they obtained while in service, to be sent to relevant regulatory agencies to recover the debts from them.

FGSHLB is committed to ensuring that all public servants comply with this rule and obtain the necessary Certificate of Non-indebtedness before retirement, and urge all those affected to take immediate action and settle any outstanding debts or liabilities with the Board.

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