Polaris Bank has said it will reward the first set of winners of its ongoing nationwide savings promotional campaign, ‘Save & Win’, in February with N26m.

It said this in a statement on Sunday titled ‘Polaris Bank set to splash N26m savings promo’.

According to the statement, updates from branches of Polaris Bank across Nigeria indicated an overwhelming participation in the promo by Nigerians, consisting of existing and prospective customers of the bank, who were desirous to emerge winners and make 2021 a memorable year.

It said, “Polaris Bank commenced the nationwide ‘Save & Win’ promo campaign last November to reward and empower its loyal and prospective customers by giving away N26m with winners picked through a transparent electronically generated process that will be supervised by regulatory institutions.

“The bank seeks to raise eight millionaires who will receive N1m each while 180 lucky customers will be rewarded with other cash gifts of N100,000 each.”

According to the bank, the promo is aimed at making millionaires of everyday Nigerians by encouraging current and prospective customers to save minimum incremental of N10,000 monthly for any three consecutive months within the promo period, starting from November 2020 to April 2021, to qualify and be part of the winners of the promo.

The first draw, which would herald the first set of winners, would be announced in February, it stated.

It said on that day, the first 60 winners of N100,000 each would emerge from the six geopolitical zones, as well as one millionaire.

It stated that the same process would be repeated in March while the month of April would be for the grand-finale leading to the emergence of 60 winners of N100,000 each across the six geopolitical zones and six ‘millionaires’ of N1m each, across the six geopolitical zones, bringing the entire draw to a total of 188 winners.

The Managing Director/Chief Executive Officer, Polaris Bank, Mr Innocent Ike, said, “The essence of the initiative is to give back to customers and encourage savings among Nigerians.”

He added that the campaign was a reward for the traders, artisans, public servants and professionals who, in spite of the challenging times, were able to put aside some money.