Corporate Bodies Urged to Emulate Stanbic IBTC CSR Initiatives

By Ahmed Rahma

Corporate organisations in Nigeria have been urged to emulate the Corporate Social Responsibility (CSR) initiatives of Stanbic IBTC Bank Plc.

On Saturday, December 29, 2020, the financial institution, which is a subsidiary of Stanbic IBTC Holdings Plc, was honoured with the Outstanding Community Service Award in the CSR category.

The award, received by the lender for its meritorious contributions to the development of Olambe Community in Ogun State, was organised by Ascend Hotels Limited, in conjunction with Rainbow Entertainment.

The event was an avenue to recognise brands and personalities who positively impacted the community through their activities.

The selection process was based on wide consultation with various community leaders and endorsement letters that provided specific details about the reputation, dynamic growth and sustainable business achievements and award recipients’ qualifications.

Congratulating the leading financial institution on behalf of Olambe Community, Mr Wale Olatunde, Chief Executive Officer of Ascend Hotels Limited, said Stanbic IBTC Bank has done well to positively impact various communities in Nigeria.

“We must be intentional in offering adequate support to the government and the people of our communities to achieve the desired growth,” the hotelier said.

In his remarks, the CEO of Stanbic IBTC Bank Plc, Mr Wole Adeniyi, noted that the organisation was excited to reap the fruits of its various corporate social responsibility initiatives which is a testament of the hard work it puts into supporting the underserved within the communities the firm operates.

Mr Adeniyi reiterated that the bank, besides its business objectives, also strongly believes in giving back to the communities where it operates to create an enabling environment in society continually.

“Through our Corporate Social Investment (CSI) initiative, which is hinged on three major pillars, namely: Education, Health and Economic Empowerment, we consistently reach out to underserved communities and provide the assistance required to make the society a better place,” he added.