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TAJBank, NIPOST partner on expansion


Non-interest banking services provider, TAJBank Limited, has collaborated with the Nigerian Postal Service on a new public-private partnership initiative on branch expansion.

In a statement from the bank on Sunday, the partnership between the two organisations was formalised at the NIPOST Head Office in Abuja.

It stated that the two organisations met on initiatives targeted at public-private endeavours to add value to the country’s financial inclusion drive and enhancement of postal services in the country.

Speaking at the meeting, TAJBank’s Chief Executive Officer, Mr Hamid Joda, thanked the Postmaster General/CEO of NIPOST, Ms Tola Odeyemi, for the opportunity to partner with the Service in the management’s efforts to work hand in hand with the firm, riding primarily on branch expansion with NIPOST offices.

Joda told reporters that the collaboration with NIPOST hinged on three Rs – Rent, Refurbish and Rebrand.

Joda said, “It was another step taken by the board and management of the bank to add value to individuals and business owners’ efforts in terms of cost-free, real-time services and make accessible to them innovative user experience with a vast bouquet of functionalities.

“Indeed, the point here is that at TAJBank, we are about a strategy of cost-saving, in addition to leveraging our services on world-class ICT infrastructure and solutions nationwide, (we are) determined to promote inclusion at the grassroots not through PoS or other channels alone but through human interface with prospective customers.”

According to the National Bureau of Statistics, post offices and postal agencies in Nigeria were 2,251 in 2022.

During a brief chat with journalists at the sidelines of the event, the bank’s Executive Director, Mr Sherif Idi, maintained, “What we are doing here today is to demonstrate to Nigerians and indeed the global community that TAJBank is fully determined to show how we intend to redefine non-interest banking services as a customer-focused lender and a collaboration with NIPOST, which is a very Nigerian parastatal with history aligns with this strategy – that is ready to give all that it takes to surpass customer expectations wherever we are located.”

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