Team Parallex Autopilot has emerged as the winner of the 2026 Mayor’s Innovation Challenge organized by Parallex Bank, securing a cash prize of N10 million along with an all-expenses-paid trip to Ghana. The announcement was made during the grand finale held on November 3, 2026.
The initiative, launched on August 26, aimed to encourage employees to propose ideas that could enhance revenue, reduce costs, or improve daily operations. The challenge involved multiple rounds where teams presented their proposals to a diverse panel, which included members from both within and outside the bank.
Olufemi Bakre, the Managing Director and Chief Executive Officer of Parallex Bank, praised the participants for leveraging their experiences to generate innovative solutions. He stated that the challenge exemplified the bank’s ‘Be Limitless’ philosophy, providing employees with a structured way to share their ideas that can lead to significant business improvements.
