Addressing the participants at the meeting, Vice-Chancellor, Prof. Chinedum Nwajiuba expressed delight at the level of preparedness so far and thanked the stakeholders for their wisdom to invest wisely in the Micro-Finance Bank, one of the giant strides of VC to mainly provide opportunity for quick access to fund. He called on the University community to show more interest by investing in the bank to accelerate its growth.
According to Mr. Offia, the proposed bank will commence operations before end of 2019. While calling in for more subscriptions, he appealed to some stakeholders who have not completed their subscription requirements to do so.
Mr Offia further said that numerous benefits abound to investors, students and the entire University community.
He told investors that they will have opportunity to own business that provides capital and employment to the community. Again, the stakeholders stand to benefit in the areas of loans, dividends, and bonuses, he said. To students, he mentioned that the proposed bank will give them quicker, more flexible and easy access to funds adding that they may have employment and training opportunities.
He emphasized that the bank will be handy for savings and possibly eliminates cash theft. For the entire University community, the bank will become an indigenous financial institution where they can both save and borrow funds at affordable rates and will also get the benefits of learning the rudiments of financial management.
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