COMMISERATES WITH SANWO-OLU ON DEVASTATING INCIDENT

Zenith Bank Plc, Nigeria’s leading financial institution, has donated N100 million to
the Emergency Relief Fund set up by the Lagos State Government for the victims of
the Abulo-Edo explosion.

The Group Managing Director/ Chief Executive Officer of Zenith Bank Plc, Mr.
Ebenezer Onyeagwu made the pledge on Wednesday, March 18, 2020, when the
Management of the Bank visited the State Governor, Mr. Babajide Sanwo-Olu, at the
State House, Marina, Lagos to condone with him and the good people of Lagos
State on the unfortunate incident of March 15, 2020 which led to the loss of lives and
properties at the Abule-Ado area in Amuwo Odofin Local Government Area of the
state.

Speaking during the visit, Mr. Onyeagwu said: “For us in Zenith, we share in the
concerns and the very traumatic experience that Lagos state is passing through. Our
thoughts and prayers are with the families of the victims, those who lost their lives
and those who are still in the hospitals, recovering. We can only but pray that God
will comfort the families. We are also very impressed with the fact that the response
from the Lagos State Government was quick, rapid and immediate. There is nothing
you can do to quantify the loss of lives. The only thing one can do is to ameliorate
the sufferings, the pains and the discomfort of those who have been terribly
impacted. So, we would like to let Mr. Governor know that we share with him at this
moment. We are aware that you’ve also set up a relief fund account and we are
willing to make an immediate contribution of N100 million”.

On his part, the Lagos State Governor expressed his sincere appreciation to the
Management of the Bank for taking time out of their busy schedule to embark on the
sober visit and stand with the State Government in this trying moment. While
thanking the bank for the N100 million donation to the emergency relief fund set up
by the State Government for victims of the explosion, he also expressed his delight
at the bank’s acceptance of the offer to co-house the fund.

Mr. Babajide Sanwo-Olu had on Monday while speaking with stakeholders and
journalists at the explosion site, disclosed that a N2 billion Abule Ado/Soba
Emergency Relief Fund had been set up for the victims. He said the state
government have donated N250 million to the fund and solicited for support from all
Nigerians including the private sector.