Lagos Explosions: Fidelity CEO Commiserates With Victims, Assures Affected Traders of Support

March 16, 2020

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The Managing Director/Chief Executive Officer, Fidelity Bank
Plc, Mr. Nnamdi Okonkwo on Monday commiserated with traders and others victims
of Sunday’s tragic explosion in Abule Ado, Amuwo Odofin Local Government Area
(LGA) of Lagos State. Accompanied by other Executive Management staff, Okonkwo
who visited the affected market areas was received by the leaders of the
Balogun Business Association (BBA), Auto Spare Parts and Machinery Dealers
Association (ASPAMDA) and Association of Progressive Traders (APT). He prayed
for the repose of the souls of those who died in the explosion and disclosed
the bank’s readiness to make some token contributions to members of the
traders’ associations whose shops and properties were destroyed. “We thought to
come this morning to commiserate with you and see first-hand the damages caused
by effects of the explosions” said Okonkwo.

Responding, the market leaders thanked the bank for the
gesture, noting that Fidelity Bank has been a true supporter and remains the
most responsive of all financial institutions in the market. “Fidelity is not
the only bank in this market. Coming here barely 24 hours after this incidence
and offering financial support in addition, is quite commendable. We are still
evaluating the extent of damages and the number of our members affected” said
President BBA, Chief Anthony Obih.

The Presidents of ASPAMDA and APT also expressed gratitude
to Fidelity Bank. “You have indeed demonstrated to us that we are indeed
partners. We will reciprocate this kindness and will continue to do everything
within our powers to support the bank” stated President ASPAMDA, Chief Daniel
Oforkansi.  On his part the APT Market
Association President Chief Eric Ilechukwu called on other corporate entities
to emulate Fidelity Bank saying “it is people and organizations like you that
we want. If others are like you, things will be better for it”.

Several residential and commercial buildings as well as cars
were destroyed in the explosion that rocked Abule Ado to its core. The
resulting fire, from the explosion, later spread to the Nigerian National
Petroleum Corporation (NNPC) oil pipeline passing through the area, although
the pipeline was shut down as a precautionary measure. The explosion caused
widespread panic among Lagos residents after it shook many houses in Ijegun,
Festac Town and other communities outside Amuwo Odofin.

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