• Business - Companies
  • Updated: May 31, 2022

Wema Bank Unveils Kids' Innovation Challenge

Wema Bank Unveils Kids' Innovation Challenge

The Wema Bank Plc's Kids' innovation challenge which  aims at encouraging children to ideate and develop solutions in any of the areas of learning, health, games and agriculture has been unveiled 

The bank disclosed that the top three finalists with the most creative and innovative ideas  would be  with scholarships worth N300,000, N200,000 and N100,000.

The Divisional Head, Retail Business, Dotun Ifebogun, while announcing the commencement of the innovation challenge in Lagos said children who have Royal Kiddies account are eligible to participate in the innovation challenge.

He stated that while the Hackaholics technological challenge sponsored by the bank is for the young adults to find solutions to life issues, the kids’ innovation challenge is to introduce the young ones aged between seven and 12 years to ideate and proffer solutions to issues in learning, health, games, and agriculture.

Parents were encouraged to open the Royal Kiddies account for their children to participate in the exercise.

Tunde Mabawonku, the Chief Finance Officer of the bank, said the bank places a high premium on innovation, and that it would continue to partner with organisations to create the environment for a better future.

While speaking on the importance of introducing the children to the world of innovation to get them to realise their creative potential, he said, “We live in a dynamic world where technological advancement changes the way business is done from time to time.”

Wande Adams, the Founder and Chief Executive Officer, The Bulb Africa, the technical partner of the bank on the innovation challenge, said the programme would train and help enable the children to be able to solve everyday problems.

Funmilayo Falola, the Head of Marketing Communication and Investors’ Relations, Wema Bank, said the bank would continue to enable the technological proficiency of the youth to help them contribute to the technological development in the country.

She said for a child to be eligible for the challenge, such a child must have an active Royal Kiddies account with a required minimum balance of N20,000, and must also maintain an account balance of N20,000 from the launch date till end of June.

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