Private digital lender Bank78 MFB begins operations
A private digital bank, Bank78 MFB, has officially announced the commencement of its operations.
In a statement, the new entrant to the banking sector said its launch event, held in Lagos, was attended by top industry players, financial institutions and regulatory bodies.
The bank stated that while it is inspired by the private-banking culture and mindset, it is deliberately designed for the mass-affluent everyday Nigerian. It offers a secure and premium digital experience, supported by transparent processes and dependable transactions, and is licensed by the Central Bank of Nigeria, insured by the Nigeria Deposit Insurance Corporation and fully compliant with the Nigeria Data Protection Regulation.
Speaking at the launch event, Director at Bank78 MFB, EviOghene Osifo-Whiskey, explained that the company is on a mission to bridge the gap between fast fintechs and legacy banks, giving modern Nigerian achievers a secure, future-focused banking experie
“There’s a gap between the speed of fintechs and the stability people expect from legacy banks. We are here to close that gap. Bank78 is built for a new generation of achievers who want private-banking confidence without losing digital simplicity. Our first product is trust, and everything rests on that. We are licensed by the CBN, insured by the NDIC and fully NDPR-compliant. We believe that Nigerians deserve a bank that feels secure, intentional and built with their future in mind,” Osifo-Whiskey said.
According to the Director of Sales at Bank78 MFB, Eberechukwu Dike, the bank’s corporate philosophy, which focuses on making prestige accessible, is not merely cosmetic but strategic.
“At the core of our corporate philosophy is the phrase ‘prestige made accessible’. Prestige here is not about marble floors or VIP lounges. It is about how the customer is treated and the overall quality of their experience.
Prestige for us means a calmer customer experience, more considered communication, respect, personalisation and clarity, smooth digital interactions without drama and a sense of emotional ease when dealing with money. In a sector where many people brace themselves before opening a banking app, that focus on emotional ease is not cosmetic; it is strategic.
“People want a bank that fits naturally into their routine: paying vendors, receiving client payments, saving towards meaningful goals or simply managing daily transfers. Bank78 delivers a smooth, private experience that works. It offers reliability, clarity and a better way to bank for people who are constantly on the move.”
Mr. Dike added that Bank78 MFB’s response to the prevailing challenges Nigerians have encountered in the banking sector is to strip out clutter from the banking journey and focus on what people actually use every day, such as effortless onboarding, reliable transfers and payments, clear transaction histories and clean navigation.
