Connect with us

Education

Stanbic IBTC Gives 87 Students N34.8m for University Education

Published

on

Stanbic IBTC IDE

By Ahmed Rahma

Not less than N34.8 million worth of scholarship has been given to 87 candidates of the University Tertiary Matriculation Examinations (UTME) for their awesome performances in the 2019 and 2020 exam.

The gesture was given by a leading financial institution, Stanbic IBTC Holdings Plc, to encourage hard work and excellent academic performance.

The chief executive of Stanbic IBTC Holdings, Dr Demola Sogunle, while speaking at the presentation of the scholarships on Thursday, said the prosperity of the nation and its citizens was hinged on the youth’s educational development.

He further said the financial institution, which is a member of Standard Bank Group, remains determined to provide the necessary support to brilliant students.

“Stanbic IBTC appreciates the fundamental role education plays in transforming society, which is why we have chosen to institute the scholarship to encourage hard work and academic excellence amongst Nigerian students who desire tertiary education.

“The scholarship will enable them to pursue and realise their dreams of academic excellence,” he said.

“The scholarship will be disbursed to the 87 students in yearly tranches for a period of four academic years.

“However, after the first tranche, subsequent disbursements will be subject to maintaining at least a second-class upper grade and evidence of good conduct confirmed by the school” Mr Sogunle added.

He further stated that, “Education Trust Funds will be set up for the beneficiaries, and thefunds will be accessed through the Education Trust accounts.”

In 2019, the lender announced its scholarship scheme which was introduced as part of the activities to celebrate its 30th anniversary.

The scheme, according to the bank is to support, reward and encourage students who had excelled in their academic pursuit and also in line with its commitment to value-driven corporate social investments, designed to contribute to youth’s educational development. The beneficiaries were effusive in their appreciation of the gesture.

Business Post gathered that the 87 beneficiaries of the scholarships yesterday included physically challenged students and they were picked from the 36 states in the country of which 39 of them participated in the 2019 exam while 48 participated in the 2020 exam.

Expressing his gratitude, one of the beneficiaries, Hammed-Saruk Omogbolahan, said the scholarship would allow them focus on their education, and he assured that they would continue to strive for academic excellence to justify their selection.

Education has remained a key focus area for Stanbic IBTC, and the financial institution has continued to play a leading role in transforming lives through education.

Other scholarship initiatives organised by the financial institution include those awarded to indigent children who have suffered limb losses, under its signature CSI initiative tagged Together4ALimb.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Education

Oriire Abduction: Oyo NUT Suspends Strike, Directs Teachers to Resume

Published

on

Oyo Teachers' Day

By Modupe Gbadeyanka

Teachers in Oyo State have been directed to resume work from Thursday, July 2, 2026, by the state’s chapter of the Nigeria Union of Teachers (NUT).

Public school teachers earlier withdrew their services in the state following the abduction of their colleagues and pupils in the Oriire local government area of Oyo State by some terrorists almost two months ago.

In a statement on Wednesday, July 1, 2026, signed by the union’s scribe in Oyo State, Mr Olukayode Salami, it was disclosed that the industrial action by the teachers was suspended after “renewed engagements with the state government and assurances over measures to improve security after the abduction of teachers and learners in Oriire Local Government Area.”

In the statement also signed by its Oyo State Chairman, Mr Hassan Ajibola Fatai, the group announced that the suspension followed a directive from its national leadership after reviewing the prevailing security situation and considering appeals by the Oyo State Government and other key stakeholders.

It directed all public primary and secondary school teachers across the state to resume official duties from Thursday, July 2, 2026, bringing an end to the industrial action that was declared in response to the kidnapping of teachers and students in Oriire Local Government Area.

According to the statement, the decision was taken in the collective interest of teachers, learners and the general public after the government assured the union that sustained efforts were underway to secure the safe release of the abducted victims and strengthen security around schools and surrounding communities.

The association further disclosed that the government had made several commitments aimed at preventing future attacks, including intensified rescue efforts for the abducted teachers and learners, the establishment of a well-equipped Joint Security Task Force to patrol vulnerable schools and access routes, continuous engagement with affected families, psychosocial support and rehabilitation for rescued victims, and payment of gratuities and other entitlements to the families of deceased teachers.

Other commitments include strengthening the Safe School Initiative through public sensitisation and early warning systems, improving emergency response mechanisms, addressing criminal hideouts, upgrading school infrastructure, tackling illegal mining and open grazing in forest reserves, enhancing community intelligence gathering, ensuring speedy prosecution of criminal suspects, improving the welfare of security personnel, and deploying technology to bolster school security.

Oyo NUT commended its members, as well as the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) and the Association of Primary School Head Teachers of Nigeria (AOPSHON), for their discipline, solidarity and compliance throughout the period of the industrial action, describing their support as instrumental in advancing the welfare and security of teachers and learners.

While directing members to return to the classrooms, the union urged teachers to remain vigilant, obey the law and promptly report any security threats within their schools and communities to the appropriate authorities.

The NUT reaffirmed its commitment to protecting the welfare and security of teachers, stressing that it would continue engaging the government until all outstanding concerns regarding the safety of teachers and students are fully addressed.

Continue Reading

Education

Rite Foods, JAMB to Reward Seven Outstanding Undergraduates with N35m

Published

on

Rite foods stamp black

By Adedapo Adesanya

Nigerian food and beverage company, Rite Foods Limited, has partnered with the Joint Admissions and Matriculation Board (JAMB) to reward seven exceptional Nigerian undergraduates with a total of N35 million in recognition of their outstanding academic performance during the 2025 admission exercise.

The seven beneficiaries, who emerged through a transparent and merit-based selection process coordinated by JAMB, will each receive N5 million at the maiden edition of the Academic Excellence Recognition Award Ceremony, scheduled to hold on Tuesday, June 30, in Lagos.

Announcing the initiative, JAMB’s Public Communication Adviser, Mr Fabian Benjamin, said the award celebrates students who distinguished themselves through exceptional performance in both the 2025 Unified Tertiary Matriculation Examination (UTME) and their respective Post-UTME or institutional screening exercises.

“The seven beneficiaries will each receive N5 million in recognition of their exceptional academic performance. This partnership with Rite Foods reflects our shared commitment to rewarding merit, promoting academic excellence, and inspiring young Nigerians to pursue excellence in their educational journey,” Mr Benjamin said.

Speaking on the partnership, the Head of Corporate Affairs and Sustainability at Rite Foods Limited, Mr Ekuma Eze, said the company remains committed to investing in initiatives that recognise excellence and empower the next generation of leaders.

“At Rite Foods, we believe excellence should be celebrated and encouraged. Through this partnership with JAMB, we are proud to reward these exceptional students and reinforce the message that hard work, discipline, and excellence will always be recognised. Beyond producing quality brands, we are committed to creating opportunities that inspire young Nigerians to achieve their full potential,” he said.

The award recipients represent Nigeria’s six geopolitical zones, while the seventh award will be presented to the highest-performing admitted candidate living with a disability, reflecting the initiative’s commitment to merit, inclusion, and national development.

The ceremony is expected to bring together the Minister of Education, the outgoing JAMB Registrar, Professor Is-haq Oloyede, vice-chancellors, heads of regulatory agencies, education stakeholders, corporate leaders, students, and members of the media.

Continue Reading

Education

Tinubu Renames PTDF College After Shehu Musa Yar’Adua

Published

on

ptdf college kaduna

By Adedapo Adesanya

President Bola Tinubu has approved the renaming of the Petroleum Technology Development Fund (PTDF) College of Petroleum and Energy Studies, Kaduna, in honour of the late statesman, General Shehu Musa Yar’Adua, in a move aimed at preserving his legacy while strengthening Nigeria’s specialised energy education framework.

The PTDF announced that, following a presidential directive, the institution will now be known as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

In a statement, the Fund said the renaming reflects the federal government’s recognition of Yar’Adua’s contributions to national unity and Nigeria’s democratic evolution.

The late statesman, who died in 1997, was a prominent Nigerian soldier, politician, and businessman. He served as the Chief of Staff, Supreme Headquarters, under General Olusegun Obasanjo’s military administration from 1977 to 1979. He was the elder brother of former Nigerian President Umaru Musa Yar’Adua.

“This historic renaming honours the enduring legacy of the late statesman, General Shehu Musa Yar’Adua, celebrating his profound contributions to national unity and the democratic journey of Nigeria,” the PTDF stated.

The institution, established to develop high-level manpower and technical expertise for Nigeria’s petroleum and energy industries, is expected to continue its academic and research activities without disruption despite the name change.

According to the PTDF, the university will maintain its focus on delivering advanced education, research and technology-driven solutions for the country’s oil, gas and emerging renewable energy sectors.

“The institution remains firmly committed to its mandate of delivering world-class research, specialised training, and cutting-edge engineering technology solutions to power Nigeria’s oil, gas, and renewable energy sectors,” the statement added.

The Fund further assured students, academic partners, industry stakeholders and development institutions that all existing programmes, collaborations and operational activities would continue seamlessly under the university’s new identity.

“All ongoing academic programs, partnerships, and operations continue uninterrupted under this new institutional identity,” PTDF said.

The renaming comes as Nigeria intensifies efforts to build local capacity and technical expertise to support energy transition goals, deepen indigenous participation in the petroleum industry and strengthen research-driven innovation across the energy value chain.

Continue Reading

Trending