Jaiz Bank Disowns Fraudulent SMS

Fri, Oct 17, 2014
By publisher
2 MIN READ

Business

– 

Jaiz Bank Plc has warned people to beware of SMS telling people that they can open a Jaiz account in another bank

By Maureen Chigbo  |  Oct. 27, 2014 @ 01:00 GMT  |

THE Jaiz bank Plc, Nigeria’s non-interest bank has disowned SMS text messages asking people to open a Jaiz account in any bank. A statement sent to our email by Jeff Kachikwu said that the bank’s attention was drawn to a “recent SMS indicating that one could open a Jaiz Bank account with another Bank.

“We want to use this medium to appeal, to disregard such message as it is unthinkable to believe that you can open another bank’s account in another, other than the Bank itself. It is absolutely ridiculous, misleading and devoid of any sensible reasoning”, Kachikwu said.

Jaiz Bank Plc. obtained a regional operating license to operate as an Islamic Bank from the Central Bank of Nigeria on the November 11, 2011, and began full operations as the first non-interest bank in Nigeria on the January 6,, 2012, with 3 branches located in Abuja FCT, Kaduna and Kano.

As at today, the bank has 14 branches spread across its area of operation. “We are currently in the process of finalising our application for a National License with the Central Bank of Nigeria, CBN. This will enable us operate in all the states of the Federation.

“The Bank’s fundamentals are strong. It started in 2012 with capital base of N5billion which had since increased to N11.7billion well above the amount required for a specialised Bank National license. Currently, the Jaiz Bank Plc is the only full-fledged Non- Interest Bank in Nigeria,” the statement said.

It’s vision is to be the dominant non-interest financial service provider in sub-Saharan Africa. “We intend to achieve this by providing innovative, value-added, non-interest financial services to our clientele by employing the best people, supported by technology. That is our goal and we strongly believe that with your support and God, we will definitely achieve this objective. The potentials for Non-Interest Islamic Finance are enormous,” the bank said.

|

Tags:


Heritage Bank: Why some customers are yet to be paid insured deposits — NDIC

THE Nigeria Deposit Insurance Corporation, NDIC said that some customers of the defunct Heritage Bank has not been paid the...

Read More
BoI raises over $5b funding, 2bn euro syndications

IN its bid to provide adequate funding for Nigeria’s industrial development finance, the Bank of Industry Limited, BoI, has raised...

Read More
Access Bank denies allegation of missing fund

ACCESS Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour. The Bank in a statement said:...

Read More