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Business News of Thursday, 28 July 2022


Lagos, Sterling Bank partner to relaunch LAG ID

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Sterling Bank Plc has collaborated with the Lagos State Residents Registration Agency as the partner for the first three million issuances of the newly upgraded Lagos State Resident Identity Card, which was recently launched and unveiled by the Lagos State Governor, Mr Babajide Sanwo-Olu.

A statement from the bank said Sanwo-Olu, in his address, stated that “This relaunch is particularly significant because it demonstrates our administration’s commitment to the Smart City Vision, which seeks to integrate and embed cutting-edge technology into our daily lives and our daily interaction with government and public services.”

Chief Executive of Sterling Bank, Mr Abubakar Suleiman, who attended the event, disclosed in his speech the history of partnership with the bank and the Lagos State Government, from collaborations on the environment and sustainability with LAWMA, and transportation through FarePay for contactless payments on the mass transit transportation system within the state.

“Sterling Bank is the pioneer financial partner of this initiative, providing support for the first three million cards that will be distributed to residents,” he said.

The statement said while speaking at the ceremony which held simultaneously across the five divisions in the state, LASRRA’s General Manager, Mrs Ibilola Kasunmu, said the new identity card was embedded with features and functionalities that offered card holders wider access to faster and better services from the Lagos State Government.

“The new LAG ID Card is a multi-application smart card that offers registered residents access to services ranging from personal security and identity verification at points of accessing various government services to applying for loans from the Lagos State Employment Trust Fund,” she said.

A cardholder can also use it as a means of payment for services across multiple vendors, including the Bus Rapid Transit and Lag Ferry, as well as cash withdrawals from any bank’s Automated Teller Machine, she said.

Kasunmu appealed to all unregistered residents in the state to register, adding that after completing the online registration process, the applicant should visit the nearest LASRRA registration centre for biometrics capture to complete the process, which was free.

She urged those who registered before 2018 and those who had changed their names and addresses to make the necessary changes by validating their records using the same process, after which they would be contacted to pick up their new identity cards.

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