Ecobank Nigeria offers residents of Lagos cash for used PET bottles

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Ecobank Nigeria, which is marking its sustainability week, asked residents of Lagos State to submit used plastic materials including soft drink and water bottles amongst others to its head office on Victoria Island, Lagos, in exchange for cash.

The bank said the idea was to remove non-biodegradable materials from the environment to encourage a healthy and safe living.

Ecobank stated that through this initiative, it plans to remove at least four million used plastic bottles from the streets and drains of Lagos.

Other activities lined up for the week include a symposium for secondary school students in Lagos, Abuja and Port-Harcourt to teach the students lifestyles that exemplifies and encourages sustainability.

A statement released by Ecobank reiterated its commitment to encouraging environmental sustainability for all. Its sustainability programme is part of the universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. 

The bank’s sustainability efforts had been commended and rewarded by stakeholders including the Central Bank of Nigeria (CBN).

During the CBN annual awards for sustainability in 2018, Ecobank was recognised in four categories which include: Sustainability Bank of the Year; Sustainability Bank of the Year- oil and gas; Sustainability Bank of the Year -power sector and the Women Empowerment category, the bank was the first runner up in all four categories.

The CBN Sustainability Awards, a part of the Nigerian Sustainable Banking Principle (NSBP), initiated in 2012, is an award that appreciates the efforts of financial service providers who have been able to successfully integrate social and environmental considerations into their operations, spanning across their processes and strategies.


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