The event took place in Lagos and witnessed the emergence of 70 lucky winners, from the Bank’s seven business zones; each winning ₦100,000 for maintaining a minimum savings balance of ₦10,000 in their Stanbic IBTC Savings Account or @ease Wallet.

The balances were maintained for a minimum of 30 consecutive days respectively.

The draw was conducted with keen oversight from regulatory representatives to ensure transparency and fairness.

Notable attendees included representatives of the Federal Competition & Consumer Protection Commission (FCCPC); Advertising Regulatory Council of Nigeria (ARCON); and Lagos State Lotteries and Gaming Authority (LSLGA).

Since the commencement of the Reward4Saving Promo – Season 4, a total of 288 customers have shared in ₦37 million worth of cash rewards, with the total prize expected to reach ₦130 million by the conclusion of the initiative in April 2026. With ₦93 million remaining in the prize pool, excitement continues to climb among customers of Stanbic IBTC Bank nationwide.

Speaking during the draw, Oluwakemi Zollner, head of Sales and Distribution, Lagos Mainland, stated,

“Stanbic IBTC Bank is committed to rewarding loyal customers while enhancing the savings culture within society. The promo is open to both existing and new customers. By saving just ₦10,000 in your Stanbic IBTC Savings Account or @ease Wallet for 30 consecutive days, you qualify for the draw. More savings equal higher chances of winning.”

One of the recent winners, Ebinum Abosede, an entrepreneur, shared her emotional journey upon receiving her prize.

“When I initially received the call, I was doubtful and thought it could be a scam. Even my daughter warned me against going. But now that I am here and have received my alert, I could not be happier. I just moved into a new house and was searching for funds to paint my apartment. Thank you to Stanbic IBTC Bank; I can finally give my new home a fresh coat of paint.”

The Reward4Saving Promo continues to create a buzz across Nigeria, inspiring individuals to practice financial discipline while being rewarded for their dedication.

Through this initiative, Stanbic IBTC Bank celebrates the achievements of savers and strengthens its role in promoting financial inclusion and empowering local communities.

To participate, customers can save ₦10,000 or more for 30 consecutive days in a Stanbic IBTC Savings Account or @ease Wallet.

The Reward4Saving Promo was created to foster disciplined saving habits among Nigerians, offering them rewards for achieving specified savings targets.

In the January draw, 10 winners were selected from each of the seven business regions operated by the bank in Nigeria, and each was rewarded with N100,000.

So far, over 1,424 customers who have actively saved a minimum of N10,000 in their @ease wallet or savings accounts have been rewarded with N234 million.

The Reward4Saving promo is currently in its third season and the promo will run from September 2023 till August 2024.

Stanbic IBTC Bank will continuously reward 70 customers with N100,000 each in the monthly draws; seven customers with N1 million in the quarterly draws; and seven customers will also be rewarded with N2 million in the grand finale within the period.

Five draws have been held so far in the third season, and 357 customers who have emerged winners have been rewarded with cash prizes ranging from N100,000 to N1 million for maintaining consistent saving habits. 350 customers have won N35 million in the monthly draws, and seven customers have won N7 million in the first quarterly draw.

There are seven more draws till the end of the season and N84 million left to be given out.

Speaking on the essence of the promo, Layo Ilori-Olaogun, head, Middle Market and Youth Segment, Stanbic IBTC Bank, described the Reward4Saving promo as an initiative that teaches Nigerians to build healthy financial habits while rewarding them for staying consistent.

“We are proud to continue rewarding our customers’ dedication and commitment to saving towards their financial goals, especially in these challenging economic times. Their success is our success,” Layo said.

Layo added that the promo teaches healthy financial habits and incentivizes customers to save. “There are still four more monthly draws, two quarterly draws and the grand finale before the promo ends; so we encourage more Nigerians to take advantage of this opportunity,” she said.

The promo is open to new and existing customers who save a minimum of N10,000 in their savings account or @ease wallet for at least 30 days.

This can be done by opening a Stanbic IBTC Bank Savings Account via the bank’s Mobile App available on both the Play Store and App Store. Individuals can also simply dial *909*37#; visit the bank’s website or visit any Stanbic IBTC Bank branch nationwide to open an account.

“With consistency and discipline in savings and financial management, more rewards and financial security await our customers”, the bank said.

The first draw of this season, which took place at the Stanbic IBTC Head Office in Walter Carrington Crescent, Victoria Island, Lagos, saw new and existing customers from seven regions win cash prizes of ₦100,000 each for meeting the savings milestone.

Stanbic IBTC Bank aims to maintain this throughout the 12-month promo period, by which time, Stanbic IBTC Bank will reward 840 customers with ₦100,000 during the monthly draws.

The Bank also aims to reward seven customers with one million naira each in the quarterly draws and seven customers with two million naira each in the grand finale.

Speaking at the event, Layo Ilori-Olaogun, Head, Middle Market and Youth Segment, Stanbic IBTC Bank, expressed delight at the turnout and the successful execution of the live draw.

Layo remarked;

“Reward4Saving has become a cornerstone of our commitment to encourage a savings culture in Nigeria. Based on this year’s theme The Rewards are Back, we are thrilled to see the enthusiasm from our customers and partners for this initiative. With Reward4Saving Season Three, we aim to take the savings experience to a whole new level by offering rewards and benefits to our customers.”

“This journey has been interesting since we started in 2021, and it is commendable that we have seen two seasons turn more Nigerians into millionaires. Our commitment to helping customers reach their financial aspirations is evident in the return of another season of the promo. Our customers’ success is our success, and we are happy to provide them with the tools and support they need to reach their financial goals,” Layo added.

Ikechukwu Ezeigbo, Manager, Customer Value Proposition, Stanbic IBTC Bank, congratulated the winners who emerged after the draw.

He urged customers to continue saving as the Stanbic IBTC Reward4Saving Promo is a nationwide campaign to encourage Nigerians to save at least N10,000 in their Stanbic IBTC savings account and maintain it for at least 30 days. Customers who emerge as winners get rewarded with cash prizes ranging from N100,000 to two million naira.

According to Ikechukwu, “To be a part of the promo, customers can download the Stanbic IBTC Mobile App, dial *909*37#, visit the web portal or any Stanbic IBTC Bank branch or an @ease agent to open an account or @ease wallet and save at least N10,000 for 30 days to qualify for the draw.”

The July draw is the fourth of the second season of the promo and the seventh since inception.

The promo, which has rewarded 287 customers in the second season is expected to reward customers with cash prizes ranging from  ₦100,000 monthly, ₦1 million quarterly prize, and ₦2 million grand prize, from seven zones.

Adenike Nubi, Head, Mobile Financial Services, Stanbic IBTC Bank, stated that the July draws were carried out to encourage Nigerians to save while creating funds for their summer expenditures.

“Saving is a necessity, especially in our economic clime. Having funds can bring about peace of mind, as there is comfort in knowing that there is a pool of funds somewhere to fall back on when there is an urgent financial need. The Reward4Saving promo adds value to Nigerians, as it allows them to earn funds in their savings accounts while promoting a savings culture. Part of our strategic priority at Stanbic IBTC is to transform our customer experience, by aiming to do valuable things for our customers,” Adenike noted.

Olufunke Isichei, Head, Established Markets, Stanbic IBTC Bank said the Reward4Saving promo is aimed at engraining a savings culture in the minds and hearts of Nigerians.

He said: “For this month’s draws, we have rewarded 70 winners across different states with N100,000 cash prize each, as a way of appreciating individuals who have saved their funds in their accounts and e-wallets. The act of saving requires dedication, consistency, and discipline. As a financial institution committed to improving the lives of its customers, we will continue to reward the diligence and dedication of savers in Nigeria.”

“I congratulate our customers for emerging as winners in our July summer monthly draw. We understand that every fund received in their accounts will put a smile on the faces of our customers and we urge them to put their winnings to good use. To the public, we urge you to keep saving, to earn larger rewards.”