Lotus Bank, Nigeria’s prominent non-interest Bank has restated its commitment towards deepening inclusive and ethical financial practice in Nigeria.

Speaking at a Stakeholder Engagement Forum which brought together the bank’s executive management team and other stakeholders in Lagos, the Executive Director, Dr Isiaka Ajani-Lawal, stressed the need to foster deeper understanding and engagement around the principles of non-interest and ethical banking.

Representing the Managing Director of the bank, Ajani-Lawal expressed gratitude to the media, emphasizing their role in educating the public on non-interest banking.

“We appreciate the media for helping us communicate our mission and values. This engagement is essential in broadening awareness of ethical banking in Nigeria,” Ajani-Lawal stated.

He emphasised the profit-sharing model of non-interest banking, in addition to the bank’s zero account maintenance policy, and the importance of socially responsible banking.

Managing Director of the bank, Kafilat Araoye, in a statement, noted that the forum was not just an event to connect with stakeholders but an opportunity to reinforce the bank’s commitment to transparency, partnership, and community impact.

“This gathering reaffirms our commitment to educating and engaging with our stakeholders about the values of non-interest banking. We believe in creating awareness about ethical banking and fostering financial options that align with the values of the communities we serve,” she shared.

Through this forum, Lotus Bank reaffirms its commitment to transparency and inclusive banking, aiming to build stronger partnerships with stakeholders to promote financial awareness and ethical banking practices across Nigeria.