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First Bank launches children educational trust plan, FBNQuest

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First Bank Nigeria has launched a Children Educational Trust plan – FBNQuest to help families secure the education of their children or wards.

The bank revealed that the FBNQuest offers a dependable, convenient and flexible plan for saving for post-primary and secondary education of loved ones.

“In spite of the recent economic slowdown, most parents will agree that the importance of education is non-negotiable’’ stated Adekunle Awojobi, the Managing Director of FBNQuest Trustees.

“We are here to assist parents with designing a Trust Plan that will support the plans for their children or wards, while there are still here and after.”

About First Bank’s Children Education Trust

The Children Education Trust from FBNQuest supports a long-term investment plan with the added benefit of an Estate Planning solution that excludes probate, unlike other education products.

In addition, the service is flexible and personalized, offering a freedom that enables the settlor to pause or reduce contributions, or to transfer the benefits of the Trust arrangement to another beneficiary.

The Children Education Trust also comes with the additional benefit of a Trust Protector, who ensures that the Trust runs seamlessly in the event that the creator of the Trust arrangement becomes incapacitated or is unable to perform his/her role.

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