Union Bank award Customers With Over N40m


Union Bank, one of Nigeria’s foremost financial institutions, says it has delivered on its promise to reward customers who save diligently with the UnionKorrect range of accounts.

A total of 345 Union Bank customers were awarded cash prizes totalling N40 million in a transparent, automated online draw which held yesterday duly supervised by the Nigerian Lottery Board and the Consumer Protection Council (CPC).

According to Leadership Reporters, the UnionKorrect savings product, introduced in November 2015, is a sub-account that allows holders earn competitive interest rates while saving a fixed amount of money monthly for a two-year period. Customers who consistently save in these accounts are automatically eligible for the regular draws where they stand the chance to win cash rewards.

During the draw, 80 customers were awarded N100,000 each; 16 customers, N500,000 each and four customers won the grand prize of N1 million each in the UnionKorrect Regular category. In the UnionKorrect Exclusive category, 15 customers won N500,000 each, three customers won N1 million each and one customer won the grand prize of N3 million.
The Bank also rewarded 200 customers with N10,000 each, 24 customers with N20,000 each and the grand prize of N100,000 was won by one customer for saving in their UnionKorrect DeiDei accounts. Speaking concerning the draw, the head of Retail Deposits at Union Bank, John Obichie, said: “Union Bank is pleased to support our customers’ ambitions and enable their success through initiatives like this.