The Chief of Army Staff, Lieutenant General Waidi Shaibu, has reaffirmed the Nigerian Army’s commitment to strengthening its partnership with Ecobank Nigeria to expand financial opportunities and welfare support for officers, soldiers and their families.
Desk: Defence & Security
Date: 16 September 2026
Time: 22:51 WAT
Location: Abuja, Nigeria
Lieutenant General Shaibu stated this on Wednesday, 16 September 2026, when the Managing Director, Ecobank Nigeria, Mr Bolaji Lawal, led a delegation on a courtesy visit to Army Headquarters, Abuja.
A statement issued by Acting Director Army Public Relations, Colonel Appolonia Anele, said the COAS noted that the relationship between the Nigerian Army and Ecobank, spanning more than two decades, has remained mutually beneficial, particularly in supporting the financial well-being of military personnel.
The COAS emphasised that strong institutional partnerships are important to sustaining a professional, resilient and motivated force. He consequently directed the Army’s finance leadership to engage the bank on developing flexible financial schemes that reflect the peculiar financial needs of military personnel.
Lieutenant General Shaibu also called on Ecobank to expand its Corporate Social Responsibility interventions to complement the Nigerian Army’s welfare programmes, particularly those supporting wounded-in-action personnel, widows and children of fallen heroes.
He stressed that such interventions would contribute meaningfully to improving the welfare of troops and their families, reinforcing the broader support system required to sustain personnel welfare and resilience.
Earlier, Mr Bolaji Lawal expressed appreciation to the Nigerian Army for the confidence and partnership it has extended to Ecobank over the years. He disclosed that the bank was prepared to deepen the relationship through specialised services, insurance and lending solutions designed to enhance financial inclusion and provide greater financial flexibility for officers and soldiers.
The Ecobank Managing Director added that the bank intends to extend bespoke financial services to major Nigerian Army institutions and formations, including the Nigerian Defence Academy, Depot Nigerian Army, Divisions and other formations across the country.
He said the initiative would broaden access to financial services for personnel while further strengthening institutional cooperation between the Nigerian Army and Ecobank.
🏷️ Tags: Nigerian Army, Ecobank Nigeria, Waidi Shaibu, Bolaji Lawal, Troop Welfare, Financial Inclusion, Military Personnel, Army Headquarters
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