By Fatima Saka
alt bank has expanded access to financial services in Agege, Lagos State, with the launch of six community-based banking centres aimed at bringing banking closer to residents, traders and small business owners.
The facilities, known as AltBoxes, were launched on Wednesday, November 4, 2026, in partnership with Agege Local Government, as part of the bank’s plan to establish a presence in all seven wards of the council.
The initiative is designed to make banking services more accessible and convenient for individuals and businesses while encouraging participation in the formal financial system.
Speaking at the launch, Abimbola Ojo, Group Head, Institutional Banking Core North, who represented the bank, said the initiative reflected its commitment to promoting inclusive economic growth and creating opportunities for wealth generation.
Ojo said banking should go beyond providing financial services to empowering individuals and businesses to realise their potential and participate meaningfully in economic activities.
“At alt bank, we see banking as more than the provision of financial services. It is about enabling people and businesses to realise their potential, participate more fully in the economy and build lasting prosperity,” she said.
She explained that the bank’s approach was centred on developing solutions that respond to how people live, work and conduct business, while ensuring that wealth creation remains ethical, meaningful and inclusive.
The six AltBoxes in Agege represent part of a broader community banking strategy through which the bank seeks to extend its physical presence to underserved communities and support local economic activities.
The partnership with Agege Local Government also underscores the importance of collaboration between financial institutions and government authorities in expanding financial inclusion and improving access to banking services.
alt bank said it would continue to expand its AltBox network across the country and pursue partnerships with other local and state governments interested in bringing more individuals and businesses into the formal financial system.
READ ALSO: Senator Umeh Awards University Scholarships to 10 Blind Students, Donates Learning Aids
INEC Completes Nationwide 2027 Election Readiness Tour, Reports 9 Milestones Achieved
The bank commenced operations in January 2014 as a non-interest banking window within Sterling Bank before receiving a banking licence from the Central Bank of Nigeria in July 2023 to operate as an independent, fully-fledged bank.
Guided by its Advisory Committee of Experts, the bank said its operations are aligned with the principles of non-interest banking.
About The Author
