The Federal Ministry of Labour and Employment, yesterday, 28th September 2020, engaged six commercial banks, Access, Fidelity, First City Monument, Heritage, UBA, and Zenith, to commence the opening of accounts for the 774,000 participants in the Special Public Work Programme in their branches nationwide.
This was disclosed today, 29th September 2020 by the Minister of State for Labour and Employment, Festus Keyamo.
The Minister said that he issued out Letters of Engagement to each of the six banks. Adding that they assured him that they will establish temporary registration centres in Local Government Areas where they do not have a branch, to ensure that the beneficiaries living in such LGAs are not forced to expend lots of money and time to go to LGAs where they can register for their accounts.
He said that the list of all the Local Government Areas and the specific bank assigned to them will soon be published.
“Yesterday, I gave out letters of engagement to six banks, namely Zenith, UBA, Access, Fidelity, FCMB & Heritage to begin the opening of accounts (with BVN) for the 774,000 participants of the Special Public Works Programme in their branches in the 774 LGAs across the country.” The Minister of State for Labour and Employment stated.
He continued: “The banks assured us that even in LGAs where they don’t have branches, temporary registration centers would be opened in such LGAs so that the participants would not have to travel far to open their accounts. We shall soon publish which bank is taking care of each of the LGAs.”