Parallex Bank Awards N10m to Winners of Employee Innovation Challenge
Team Parallex Autopilot has won Parallex Bank’s 2026 Mayor’s Innovation Challenge, earning a N10 million cash prize and an all-expenses-paid trip to Ghana at the grand finale on November 3,
Parallex Bank’s 2026 Mayor’s Innovation Challenge has crowned Team Parallex Autopilot as the winner, securing a N10 million cash prize and a luxurious all-expenses-paid trip to Ghana. The competition, launched on August 26, invited employees from various departments to submit ideas aimed at boosting revenue, cutting costs, and streamlining operations.
After a rigorous selection process involving multiple rounds and evaluations by an esteemed panel of judges from within and outside the organization, Team Parallex Autopilot emerged victorious. Parallex Bank’s Managing Director and Chief Executive Officer, Olufemi Bakre, expressed his admiration for the participants' innovative spirit, stating that the challenge was a testament to the bank’s commitment to 'Be Limitless'.
Bakre emphasized that the initiative provided a structured platform for employees to channel their day-to-day insights into practical solutions that could significantly benefit the bank. He further highlighted the bank’s dedication to fostering a culture of innovation, where every team member’s contribution is valued and integrated into the company’s growth strategy.
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