Yemisi Izuora
The Alternative Bank (AltBank), a Nigerian non-interest bank, has opened its flagship branch in Effurun, Delta State, a bold move in its mission to reshape banking in Nigeria.
Strategically positioned to serve the wider Edo/Delta region, the branch is designed as a hub for purposeful banking and real financial empowerment for individuals, entrepreneurs, and businesses.
Speaking at the event, Chukwuemeka Agada, Divisional Head (South) of The Alternative Bank, emphasised the institution’s commitment to Warri and its surrounding communities. “By establishing a presence here, we are initiating a transformation in the way banking serves the people of Delta. Our purpose-driven approach ensures that customers’ financial goals are not just met but exceeded,” said Agada. “This branch represents our pledge to empower Warri’s dynamic businesses and families, providing them with the tools to grow without compromise.”
Delta state, renowned for its vibrant trade and industrious spirit, is the perfect foundation for AltBank’s continued expansion. Agada reaffirmed, “We understand the heartbeat of this community, and we are excited to integrate our Bank into the fabric of this dynamic region.”
The launch event was graced by key dignitaries, including His Royal Majesty, Emmanuel Ekemejewa Sideso Abe I, the Ovie of Uvwie Kingdom; the Honourable (Hon.) Chief Anthony O. Ofoni, Chairman of Uvwie Local Government, represented by Hon. Andrew Agagbo, Vice-Chairman, Uvwie Local Government Council; Hon. Ernest Airoboyi, Special Adviser to the Executive Governor of Delta State on Community Development, amongst others. Their presence underscored the strong community support for The Alternative Bank’s mission to bring accessible, non-interest banking solutions to the region.
Chief (Dr.) Samuel Eshenake, representative of the Ovie, challenged the Bank to facilitate development and employment within the Effurun community. Akanni Owolabi, Regional Head, Edo/Delta at The Alternative Bank, embraced this challenge, pledging that the Bank will work sustainably to drive local commerce.
“At The Alternative Bank, we are committed to being an active partner in the development of Effurun. We see this branch as a catalyst for creating opportunities, driving employment, and supporting the growth of local businesses. Our mission is to empower this community, ensuring that every step forward is one of progress, prosperity, and shared success.”
The Alternative Bank invited the community to embrace this new chapter, confident that the branch will become a cornerstone of both the Bank’s and region’s continued success.