The Alternative Bank Limited (AltBank) has stated that it would enter into a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million to alleviate hunger and educational sponsorship initiatives.
The decision to take these initiatives is in accordance with the African Union Summit 2024,with the theme, “Educate and Skill Africa for the 21st Century.”
This was made known in a statement by the Managing Director of The Alternative Bank, Hassan Yusuf,to herald the forthcoming AltWalk event as a pivotal fundraising platform.
He explained that through the initiative, the tripartite companies involved will mobilise contributions from both internal and external stakeholders, reaffirming their commitment to education and societal welfare.
The fundraising campaign, he said is aimed at generating N20 million with the proceeds serving dual purposes: providing meals for under-served communities and orphanages through the FoodBank initiative and delivering quality educational support via Sterling One Foundation.
He further explained that the campaign will also target individuals, families, businesses, and organisations committed to ending hunger, improving education, fostering healthy living, and positively impacting society. Prospective donors are encouraged to contribute through https://altbank.ng/walk/.
Stakeholder participation and donations, he hinted are poised to substantially impact critical social issues, including hunger reduction, enhanced education, and healthier lifestyles.
The Managing Director said that AltBank is committed to empowering customers through innovative solutions in health, food security, and education, positioning them for success in the 21st century, adding that education is central to the bank’s mission of bolstering the economy and enhancing financial well-being across society.
AltBank, one of Nigeria’s new entrants into the financial sector, unveiled itself simultaneously in Lagos, Abuja, and Kano, making it the country’s first multi-city brand launch.
As the ethical banking arm of Sterling Financial Holdings, The Alternative Bank originated in 2014 as Sterling Alternative Finance under Sterling Bank Plc’s non-interest banking license.
It has since evolved into a key component in Nigeria’s non-interest banking sector.
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