Olowu of Owu Welcomes PremiumTrust Bank to Abeokuta, Urges Support for Local Businesses

The Olowu of Owu Kingdom, Oba (Prof.) Saka Matemilola, on Friday attended the official opening of PremiumTrust Bank’s new branch in Abeokuta, commending the bank for expanding its reach to the state capital and encouraging strong engagement with the local economy.

In his remarks, Kabiesi applauded the bank’s leadership for the milestone, calling the move timely and well-received by the people of Abeokuta.

“PremiumTrust Bank has taken a commendable stride by coming to Abeokuta,” he said. “Our people are good, welcoming, and certainly would have been glad if you had arrived even earlier.”

He described Ogun State as a rising center of commerce, emphasizing its reputation as a welcoming destination for investment. Kabiyesi urged PremiumTrust Bank to go beyond routine banking by offering real support to local small and medium-sized enterprises, entrepreneurs, and market men, women and artisans.

“Ogun State is fast becoming one of the best in terms of commercial activities. We hope the bank will invest in the grassroots and make financial transactions seamless for the people as they continue to progress,” he said.

The new Abeokuta branch is the bank’s first in the city and its second in Ogun State, signaling a broader push to expand services across the region.

Dignitaries at the event included Ogun State Governor Dapo Abiodun CON, Commissioner for Trade and Investment Adebola Okubadejo, Managing Director/ CEO of PremiumTrust Bank Emmanuel Emefienim, and Bukola Olopade, a prominent development advocate and sports administrator.

Governor Abiodun welcomed the bank’s entry into Abeokuta and encouraged deeper collaboration with the state’s economic agenda, particularly in the areas of financial inclusion and SME development.

With the ribbon officially cut and operations underway, PremiumTrust Bank’s Abeokuta branch opens its doors with both royal and political backing, a strong statement of intent to play an active role in the city’s economic growth.