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First Bank introduces product for Nigerians in the Diaspora

By on October 13, 2011

First Bank of Nigeria Plc has said it had introduced ‘FirstDiaspora,’ a set of products specially designed to cater for various finance related needs and projects of Nigerians in the Diaspora.

The bank explained in a statement yesterday that the ‘FirstDiaspora’ bouquet would enable diaspora customers maintain operative accounts, finance investments in real estate in Nigeria, transact domestic and international funds transfers, and grow their net worth in Nigeria.

According to the bank, the mortgage financing element of the product would offer Nigerians in the diaspora a platform that facilitates outright purchase opportunities in the real estate sector.

According to the Head, Marketing and Corporate Communications, First Bank, Mrs. Folake Ani-Mumuney, the bank would extend its services to the diaspora market by leveraging its vast experience in handling overseas financial transactions. Ani-Mumuney said Diaspora customers would have access to the bank’s financial advisory services, real time banking, reliable internet banking, mortgage facilities and wide branch network across the nation.

She added: “First Bank, in line with our pedigree for providing reliable financial solutions is set to bring value to the Diaspora market with ‘FirstDiaspora’. A lot of research and planning has gone into the design of ‘FirstDiaspora’ and we are confident that we will make a refreshing impact that will give Nigerians in the Diaspora robust platforms for realizing their financial needs and growing their investment profiles.”

In addition to providing a secure and convenient platform for various financial transactions, ‘FirstDiaspora,’ according to the bank, offers accounts that can be operated with electronic cards which do not require physical visits to the Bank’s branches for activation.