Nigerian Bank Shares Over 20 Million to 360 Customers, Plans To Give Out More
- Union Bank has an ongoing promo that gives customers a chance to win cash and gift vouchers
- The promo called First Save and Win Palli will run till May 2025 and draws will be done digitally with supervision
- The bank said the opportunity is open to all its new and existing customers who meet the requirements
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Union Bank, one of the oldest banks in Nigeria has awarded over N20 million to 360 lucky customers in Save and Win Palli Promo 4.
The inaugural monthly draw held at the bank’s headquarters in Marina, Lagos, saw 60 customers each receive N100,000, while an additional 300 walked away with N50,000 worth of gift vouchers.
Source: Getty Images
The draw, the bank said in a statement, was conducted transparently and digitally under the supervision of regulatory bodies.
Speaking at the event, Gloria Omereonye, Union Bank’s Area Business Executive for Lagos Island 1, said the promo aims to encourage a sustainable savings culture among Nigerians.
She added that the bank is committed to rewarding customer loyalty and financial discipline.
Omereonye expressed satisfaction with how the promo continues to support customers during challenging economic times.
Her words:
“Union Bank is always dedicated to rewarding customers for their loyalty and financial discipline.
"We are pleased that our promo continues to achieve its noble goal of providing succor to our customers through gifts and rewards, especially during these economically challenging times, while also promoting a sustainable savings culture for future goals and objectives."
Details of the new savings promo
Union Bank said the Save & Win Palli Promo, now in its fourth season, began in December 2024 and will run until May 2025, Punch reports.
With prizes totalling N131 million, participants have the chance to win cash prizes, motorcycles, tricycles, fuel vouchers, and a grand prize of N5 million.
Union Bank said the promo is open to both new and existing customers who save a minimum of N10,000 and complete at least five transactions monthly to qualify for the draws.
According to the bank, the monthly winners stand to win N100,000, while quarterly draws will feature prizes such as motorcycles and tricycles. Customers who save in multiples of N10,000 increase their chances of winning, encouraging widespread participation across the country.
Bank warns against fake message
Legit.ng previously reported that Nigerian commercial banks cautioned their customers about an increase in fake bank alerts, a method commonly employed by scammers to trick individuals and businesses.
This was contained in several statements from different banks made available to the press.
The banks noted that such fake alerts were designed to appear like legitimate notifications of deposits or transfers, causing recipients to think they have received the said sum.
Victims then unknowingly supply goods or services without confirming the payment, only to discover later that the funds were never actually sent into their accounts.
Banks have shared tips for customers to confirm all transactions using specified channels before rendering services or releasing goods.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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