Founder/Chairman, Zenith Bank Plc, Jim Ovia, on Tuesday re-affirmed his support to the Lagos State Security Trust Fund (LSSTF) by pledging an additional 150 percent of previous donations to the fund.
He made the announcement on behalf of Zenith Bank Board of Directors during a parley with Governor Akinwunmi Ambode at the Lagos Means Business forum at Eko Hotels and Suites.
Mr. Ovia commended the Lagos State Government under Governor Ambode for encouraging an enabling environment for businesses, particularly pointing out the remarkable improvement in security across the state.
According to Ovia, the LSSTF has become a model for other states across the federation. He thus encouraged other private sector stakeholders to increase their contribution in funding the security initiative.
While stating the nature of security in Lagos, Ovia lauded the leadership style of Ambode, likening the state to an incorporated enterprise being so efficiently run by its chief executive officer.
The LSSTF was established on September 3, 2007 as a public-private partnership for the improvement of security in Lagos State.
Since its inception, Zenith Bank Plc has made annual contribution of ₦100million in the past 11 years amounting to a cumulative total of ₦1.1billion.