Stanbic IBTC Gives Succour to Abule Ado Victims

More funds to support victims of the fire explosion in the early hours of Sunday, March 15, 2020 at the Abule Ado axis of Lagos State have continued to come in.

The latest is from Stanbic IBTC Holdings PLC, a member of Standard Bank Group. The firm, in line with its status as a responsible corporate organisation, has donated to the Abule Ado Emergency Relief Fund set up by the Lagos State government to assist victims of the unfortunate incident, which claimed some lives and left numerous properties destroyed.

In his message to the Chairman of the Fund, the head of Stanbic IBTC, Mr Yinka Sanni, stated that, “As an organisation, we condole with the families who lost their loved ones to the disaster.”

“While we understand that some losses cannot be replaced, we are encouraged by the good work that your committee has done in gathering support for the victims of the blast – especially at the pace at which this intervention has been coordinated.

“All efforts toward compensating, rehabilitating and alleviating the sufferings of the victims are commendable,” he added.

Mr Sanni stated that the donation made by Stanbic IBTC Holdings PLC was in consonance with company’s core pillar of contributing to the society and extending aid to those in need.

“As a responsible corporate citizen, we understand that an enterprise can only flourish when its stakeholders flourish. We have been very consistent in our purpose – Making progress real. Consequently, we would like to pledge the support to this cause by making this donation to the Abule Ado Emergency Relief Fund,” he noted.

While thanking the Relief Fund committee for the efficiency in coordination, he called on other well-meaning Nigerians and corporate organizations to lend effective support to those affected.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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