What does WFOB mean in FINANCE
WFOB is an acronym that stands for Welcome Finance Old Boys. It is a term used in the financial industry to refer to a group of former employees of the Welcome Finance Limited, a defunct financial institution in Nigeria.
WFOB meaning in Finance in Business
WFOB mostly used in an acronym Finance in Category Business that means Welcome Finance Old Boys
Shorthand: WFOB,
Full Form: Welcome Finance Old Boys
For more information of "Welcome Finance Old Boys", see the section below.
What does WFOB mean?
Welcome Finance Old Boys (WFOB) are former employees of Welcome Finance Limited, a financial institution that was once one of the largest in Nigeria. The company was founded in 1987 and offered a range of financial services, including banking, insurance, and investment management. However, the company collapsed in 2009 due to financial mismanagement and fraud.
WFOB Meaning in BUSINESS
WFOBs are a valuable network of professionals with experience in the financial industry. They have a deep understanding of the Nigerian financial market and can provide valuable insights to businesses and investors. WFOBs are often sought after by companies looking to hire experienced financial professionals.
WFOB Full Form
- Welcome
- Finance
- Old
- Boys
Essential Questions and Answers on Welcome Finance Old Boys in "BUSINESS»FINANCE"
What is Welcome Finance Old Boys (WFOB)?
Welcome Finance Old Boys (WFOB) is a non-profit organization that provides financial assistance to former employees of Welcome Finance Limited, a defunct financial institution in Nigeria. The organization was established in 2015 to help alleviate the financial hardship faced by former employees who lost their benefits and entitlements after the closure of Welcome Finance.
Who is eligible for assistance from WFOB?
Former employees of Welcome Finance Limited who meet the following criteria are eligible for assistance:
- They were employed by Welcome Finance Limited before the company's closure.
- They have not received any benefits or entitlements from the company since its closure.
- They are facing financial hardship and require assistance to meet their basic needs.
What types of assistance does WFOB provide?
WFOB provides various types of assistance to eligible former employees, including:
- Financial grants to cover essential expenses such as housing, food, and medical care.
- Educational scholarships for former employees and their children.
- Job placement assistance through partnerships with employers.
- Legal support to resolve any outstanding issues related to their employment with Welcome Finance.
How can I apply for assistance from WFOB?
To apply for assistance from WFOB, former employees can follow these steps:
- Visit the WFOB website and download the application form.
- Complete the form and submit it along with supporting documents (e.g., proof of employment, financial statements).
- Submit the application to the WFOB office or via email.
- The WFOB team will review the application and contact the applicant for further assessment.
How are funds raised by WFOB?
WFOB raises funds through various channels, including:
- Donations from well-meaning individuals and organizations.
- Grants from charitable foundations.
- Proceeds from fundraising events.
- Membership fees for former employees.
Is WFOB affiliated with Welcome Finance Limited?
No, WFOB is not affiliated with Welcome Finance Limited. It is an independent non-profit organization established by former employees to provide assistance to those affected by the company's closure.
Final Words: WFOB is an acronym that stands for Welcome Finance Old Boys. It is a term used to refer to a group of former employees of Welcome Finance Limited, a defunct financial institution in Nigeria. WFOBs are a valuable network of professionals with experience in the financial industry. They are often sought after by companies looking to hire experienced financial professionals.