Union Bank has given out N5.25 million in cash prizes to 50 of its customers as the first set of winners emerge in the second edition of its Save & Win Palli promo.
The first live draw which took place at Union Bank’s head office in Lagos, saw 50 customers win cash prizes of N105,000 each.
Save & Win Palli Promo is a nationwide campaign aimed at rewarding customers with cash prices and other exciting gifts worth over N55,000,000.
The bank, in a statement, said the goal of the promo is to encourage and promote a healthy savings culture. The promo is open to new and existing customers who save a minimum amount of N10,000 monthly.
It noted that, savers who qualify to participate in the monthly, draws stand a chance to win N105,000 each, while five winners will go home with N500,000 each in two of the quarterly draws. One lucky customer will snag the star price of N5,000,000 during the grand finale set to hold in December alongside other consolation prices.
Speaking on the draw, the head of Retail Deposits at Union Bank, John Obichie, said: “Union Bank is pleased to reward our customers’ through initiatives like this that encourages them to save. This promo was introduced to support our customers during these trying times, and to reward them for being consistent with their saving habits.”
The savings promo, which kicked off in July, will run until the end of the year and will see more winners emerge during the monthly, quarterly and end of year draws so there’s still a chance to participate and win.
