Lotus Bank recently hosted a stakeholder forum in Lagos, urging for increased awareness of ethical and non-interest banking. Executives at the forum highlighted the bank’s dedication to socially responsible finance, aiming to build a banking model that aligns with Nigeria’s diverse values. Attendees included bank management, media representatives, and key stakeholders, who discussed the principles and benefits of non-interest banking, which operates without interest-based financing.

Dr. Isiaka Ajani-Lawal, Executive Director of Lotus Bank, represented the Managing Director, Mrs. Kafilat Araoye, and expressed gratitude to the media for their role in educating the public on ethical 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,” he said.

Key topics at the forum included the profit-sharing model of non-interest banking, Lotus Bank’s zero account maintenance policy, and the importance of socially responsible financial practices. Mrs. Araoye, in a statement delivered by Ajani-Lawal, emphasized that the event was not only about connecting with stakeholders but also about reaffirming the bank’s commitment to transparency, partnership, and positive 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,” Araoye stated.

Through forums like this, Lotus Bank continues to advocate for ethical banking as a foundation for sustainable, inclusive financial practices in Nigeria.