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Zenith Bank to spend N322m to reconstruct Ajose Adeogun Street

By Raji Rasak

  Zenith Bank says it will spend N322 million to reconstruct Ajose Adeogun Street on Victoria Island, Lagos.

Zenith Bank MD/CEO, Mr. Peter Amangbo

The News Agency of Nigeria (NAN) reports that the head office of the bank is located along the street.

NAN recalls that the bank spent millions of naira on the dualisation and beautification of the street in 2006 to make it a model on the Victoria Island.

Zenith Bank said in Lagos on Saturday that the new project would be part of its social responsibility programmes, adding that by this project, it was “moving its corporate social responsibility profile to another level.”

It said that by undertaking the reconstruction and management of the 2.6-kilometre road, Zenith Bank was heralding a new era of partnership with government over key public infrastructure.

“For Zenith Bank, best known for its strong financial performance and unparalleled growth, CSR remains a key plank of the strategic drive for the overall well being of the society,” it said.

The bank quoted its Chief Executive, Mr Peter Amangbo, as saying that the decision to reconstruct the street was borne out of the need to contribute to the upliftment of the society.

Amangbo said this at the occasion of the signing of the agreement between the bank and the Lagos State Government on the new project.

“The decision to take over reconstruction of the road is a demonstration of the bank’s belief in giving back to the society that has provided a conducive environment for its operations and success.

‘The project will involve the beautification of the street, provision of better and more functional road signs that meet international standards as well as taking over the management of the two roundabouts at both ends of the street.

“This is in addition to providing street lights to be powered by the bank,” he said.

The bank said that it recently took its philanthropic activities to the Federal Capital Territory (FCT) where it donated 550 computers valued at over N100 million to secondary schools in the Federal Capital Territory.

It said the donation was made at the 3rd Youth Empowerment Forum for Digital Revolution, an annual event, which brought together youths drawn from select secondary schools at a seminar.

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