COVID-19: Private Sector Coalition Realizes 15.3 Billion From Donations
Central Bank of Nigeria (CBN)

COVID-19: Private Sector Coalition Realizes 15.3 Billion From Donations

Eludoyin Oluwanisola

Nigeria’s Private Sector Coalition Against COVID-19 (CACOVID) has disclosed that it has realized 15.325 billion from donations towards the fight against the virus.

Revealing the donations, the coalition mentioned that Abdul Samad Rabiu (BUA Sugar Refinery), Segun Agbaje (GTB), Tony Elumelu (UBA), Oba Otudeko (First Bank), Jim Ovia (Zenith Bank), Herbert Wigwe (Access Bank) and Femi Otedola of Amperion Power Distribution donated one billion naira each

The coalition added that Deji Adeleke of Pacific Holdings Ltd made N500 million donation while Union Bank Plc, Sterling Bank Plc, Standard Chartered Bank, Stanbic IBTC, Citi Bank Nigeria Ltd, FCMB, Fidelity Bank, ECOBank, African Steel Mills donated N250 million each and Multichoice Nigeria Limited donated N200 million

Others included FSDH Merchant Bank, FBN Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Sun Trust Bank, Providus Bank, Wema Bank, Unity Bank, Heritage Bank, Nova Merchant Bank, Polaris Bank, and Keystone Bank who donated 100 million each.

Globus Bank, Titan Trust Bank, Takagro Chemicals Ltd donated N50 million each and Ahmadu Mahmoud gave N20 million while Handy Capital Ltd donated five million naira.

Urging other private companies to join in the fight against the virus, the coalition also disclosed that the highest contributors were Aliko Dangote and CBN.

Happenings Media