AltBank, FoodBank, Sterling One Foundation Join Forces, Raise N20 Million for Hunger Relief & Education

By Joke Kujenya

THE ALTERNATIVE Bank Limited (AltBank) has forged a strategic alliance with FoodBank and Sterling One Foundation to spearhead a fundraising drive aimed at generating approximately N20 million in support of hunger alleviation and educational initiatives.

It says this collaborative effort resonates with the overarching theme of the African Union Summit 2024, which underscores the imperative to “Educate and Skill Africa for the 21st Century.”

Hassan Yusuf, the Managing Director of The Alternative Bank, disclosed the ambitious plan through a press release, emphasizing the pivotal role of the forthcoming AltWalk event as a cornerstone fundraising platform, saying, “Through this initiative, we aim to galvanize contributions from both internal and external stakeholders, reaffirming our unwavering commitment to education and societal welfare.”

The fundraising campaign has set its sights on securing N20 million, with the generated proceeds earmarked for a dual purpose: furnishing meals for underserved communities and orphanages through the FoodBank initiative, and providing quality educational support via the Sterling One Foundation.

This campaign casts its net wide, targeting individuals, families, businesses, and organizations deeply vested in eradicating hunger, enhancing education, promoting healthy living, and effecting positive societal change.

Prospective donors are urged to partake in the initiative through the designated platform:

The bank also notes that stakeholder engagement and contributions are poised to exert a substantive influence on pivotal social issues, encompassing hunger alleviation, education enhancement, and the promotion of healthier lifestyles.

Yusuf underscored AltBank’s steadfast commitment to empowering customers through innovative solutions in healthcare, food security, and education, thereby positioning them for success in the 21st century, stressing the centrality of education to the bank’s overarching mission of fortifying the economy and augmenting financial well-being across society.

Recalling the bank’s being Nigeria’s latest addition to the financial services landscape, Yusuf says it made an impressive debut with simultaneous launch events in Lagos, Abuja, and Kano to register the country’s inaugural multi-city brand launch.

And, as the ethical banking arm of Sterling Financial Holdings, Yusuf stresses that The Alternative Bank traces its roots back to 2014, when it commenced operations as Sterling Alternative Finance under the non-interest banking license of Sterling Bank Plc; since then, it has evolved into a prominent protagonist within Nigeria’s non-interest banking sector.

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