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LBS Builds Research Centre to Honour Gamaliel Onosode



LBS Builds Research Centre to Honour Gamaliel Onosode

By Modupe Gbadeyanka

The management of Lagos Business School (LBS) has commenced the process of building an International Management Research Centre to be named after the late Nigerian technocrat and administrator, Mr Gamaliel Onosode.

To mark the occasion, a sod-turning ceremony was held at the centre’s construction premises at the Lagos Business School on Wednesday, November 29, 2017.

LBS received a generous donation from the Onosode family, on behalf of the Gamaliel and Susan Onosode Foundation (GAMSU), for the research centre project. The foundation is a non-profit and non-political organization, set out to provide the enabling environment for the success of the Nigerian child through innovative and flexible learning opportunities.

At the ceremony, Professor Juan Elegido, Vice Chancellor of the Pan-Atlantic University, commended the Onosode family for their commitment to the project and expressed his delight at the values which the late Onosode represents.

“Onosode’s commitment to professional ethics and excellence are the reason why we are gathered here to erect this research facility that would add value to our faculty and in turn immortalise him,” he explained.

Mr Joseph Moyo Ajekigbe, Chairman of GAMSU, said that LBS is an institution noted for excellence and commitment to adding values to the society, hence, deserving of such a research centre that would project the vision of the late administrator.

“We are happy to be worthy partners with the LBS on this project and we are sure the institution’s unique ways of doing things is in line with Onosode’s vision,” he said.

He thanked the Onosode family for their commitment to the project and assured that users of the research facility would be happier when the project is completed.

On his part, Mr Ese Onosode reaffirmed his father’s commitment to the completion of the project and assured the institution of his family’s efforts to bring the project to fruition.

“We are happy to share my father’s vision with LBS and to witness the start of the project and pledge our continuous support till the very end,” Ese stated.

He also expressed his confidence at the Lagos Business School describing it as a brand to be associated with.

Dr Christopher Kolade, former Pro-Chancellor of Pan-Atlantic University, Lagos, said that one of Onosode’s top concerns about Nigeria, the business sector and public sector was the poverty of management performance in many places.

As such, “setting up a management research centre such as this is one of the best things we have done with the legacy he left behind. This is an area of interest in which Onosode had passion and by doing this, we would immortalise him,” Mr Kolade stated. He further thanked the LBS and members of the family for embarking on the project to accomplish the vision of a visionary leader.

Dr Enase Okonedo, Dean of the Lagos Business School, expressed the institution’s appreciation to the Onosode family and the Foundation. She revealed that there was great cooperation and willingness from both parties during the preparatory stage of the project and commended their commitment towards the vision of the research centre.

The Lagos Business School also received donations from Col. Paul Obi (rtd.), and Zenith Bank Plc. The donations would go towards the building of the International Management Research Centre (IMRC), which will be used for the school’s research activities.

The Gamaliel Onosode Management Research Centre project will house LBS existing and future research centres. These include The Christopher Kolade Centre for Research in Leadership and Ethics, The First Bank Sustainability Centre, The Centre for Infrastructure, Policy, Regulation and Advancement as well as The Centre for Competitiveness and Strategy.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.


OOU Introduces Work-Study Programme to Reduce Attrition



work-study programme

By Adedapo Adesanya

To boost employment numbers and reduce the alarming attrition of students, Olabisi Onabanjo University (OOU), Ago Iwoye, Ogun State, has announced the commencement of a work-study programme for skilled students to earn while still attending classes.

The university said in a statement issued by its Registrar, Mr Femi Ogunwomoju, that the initiative would help ease the financial burden on parents and guardians and reduce the rate at which students drop out of school due to financial constraints.

Mr Ogunwomoju said the programme, through the directorate of entrepreneurship studies, “will enable students with demonstrable and proven vocational skills to work in the university and earn some stipends and still attend classes.”

Nigeria has the second highest number of unemployed youths in the world, with 53 per cent of the youth population without jobs. This country is second to only South Africa, which has 61 per cent youth unemployment.

OOU said it launched the work-study programme during its 40th anniversary in February to checkmate the increasing rate of dropouts in the institution.

“When we noticed the rate at which students were dropping out, we did the SWOT analysis of what happened to them,” said the university’s Vice-Chancellor, Mr Ayodeji Agboola, was quoted as saying in the statement.

“We came to realise that the major problem there is funding. So, we instituted immediate funding, but of course, it cannot take care of all of them,” the professor said.

He said the university, therefore, resolved to cater for 500 students under the work-study programme.

“With work studies, we are sure that the majority of them will be accommodated, and that will also solve the problem,” he said.

Students of the university who are interested and qualified to be part of the programme are requested to fill out a form.

The university management, therefore, urged interested qualified students should register through the Directorate of Entrepreneurship Studies within two weeks beginning from May 25.

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200 Undergraduates to Enjoy Stanbic IBTC N80m University Scholarship Scheme



Stanbic IBTC IDE

By Aduragbemi Omiyale

No fewer than 200 undergraduates who performed well in the University Tertiary Matriculation Examination (UTME) will enjoy N80 million worth of educational support from Stanbic IBTC Holdings Plc.

The funds would be disbursed to the beneficiaries under the Stanbic IBTC 2023 University Scholarship Award Scheme.

The selection process for the scholarships was rigorous and fair, with beneficiaries chosen from each of the six geo-political zones in Nigeria. The candidates were carefully evaluated based on merit, taking into account their exceptional academic performance, the organisation said.

The 200 scholarship recipients will be able to pursue their dreams with financial confidence, knowing that Stanbic IBTC will stand firmly by their side.

The company disclosed that the money would be given to the students in annual instalments over the course of four academic years. It would provide recipients with the essential financial assistance required to meet their educational expenses.

Subsequent disbursements will be contingent upon the beneficiaries fulfilling certain criteria. These criteria include maintaining their enrolment in the universities and degree programs to which they were admitted, as well as adhering to the academic and administrative policies set forth by their respective institutions, the firm stated.

By ensuring compliance with these requirements, the recipients can continue to receive the scholarship throughout their academic journey, facilitating their uninterrupted pursuit of higher education, it added.

“At Stanbic IBTC, we recognize the importance of education and its role in shaping the future of our great nation, Nigeria.

“Our principal objective for this scholarship is to provide unlimited opportunities for bright, young Nigerians who have demonstrated academic merit,” the chief executive of Stanbic IBTC, Mr Demola Sogunle, said.

He noted that the number of annual scholarship recipients was increased from 100 to 200, as education should not be a luxury reserved for a select few but accessible to all.

By investing in the academic journeys of these exceptional students, the leading end-to-end financial institution will not only make a difference in their lives but also contribute to the development and prosperity of the nation as a whole.

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Wema Bank Employees Donate Items to Isale Eko Grammar School



Isalẹ Eko Grammar School Wema Bank

By Modupe Gbadeyanka

It was an exciting moment for students of Isalẹ Eko Grammar School, Lagos and a fulfilling time for employees of Wema Bank Plc when they delivered some tables and chairs to the institution last Friday.

The items were donated to the school as part of the financial institution’s corporate social investment (CSI) initiative aimed to contribute to the development of education in the country, especially in its host communities.

It was gathered that Wema Bank employees purchased the items for the school by contributing the salaries under the Salary for Love campaign of the lender.

The bank expressed optimism that the items would undoubtedly transform the learning environment, creating a haven of comfort and inspiration for the students as they embark on their academic journeys.

Apart from the furniture donation, Wema Bank extended its support even further by bestowing scholarships upon two students of Isalẹ Eko Grammar School.

These scholarships, provides invaluable financial assistance and will serve as stepping stones for these exceptional students as they unlock their full potential and courageously chase their dreams.

At the presentation of the items to the school, the Head of Credit Risk Management at Wema Bank, Mr Uchenna Obazeh, emphasized the bank’s firm belief in the transformative power of education.

He commended the unwavering dedication of Wema Bank’s staff members and their resolute commitment to supporting education within the community.

“Through the ‘Salary for Love’ initiative, our employees have showcased their exceptional devotion to shaping a brighter future through education. We are humbled to contribute to the growth and development of Isale Eko Grammar School, as we remain steadfast in our mission of corporate citizenship,” he said.

In his remarks, the Principal of Isalẹ Eko Grammar School, Mr Mukaila Olatoye, expressed deep gratitude on behalf of the institution, recognizing the profound influence this generous donation will have on the students’ educational pursuits.

Also, the students thanked Wema Bank for the donation.

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