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Stanbic IBTC Introduces Scholarship Scheme for Undergraduates

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Stanbic IBTC

By Modupe Gbadeyanka

Entries for the maiden edition of the scholarship scheme put in place by Stanbic IBTC Holdings Plc have commenced and it is open to Nigerian undergraduates.

A statement from the firm, which is a member of the Standard Bank Group, disclosed that students who participated in the 2020 Unified Tertiary Matriculation Examination (UTME) and have just gained admission into any of the tertiary institutions can apply for the programme.

The foremost end-to-end financial services provider said the total scholarship worth N40 million would be spread across four years and disbursed in tranches of N100,000 per academic year.

The firm also said that subsequent disbursement of the funds would be based on the maintenance of at least second-class upper grade and good conduct of the student as referenced by the university.

The Stanbic IBTC 2020 Scholarship Programme is geared towards encouraging hard work and academic excellence amongst Nigerian undergraduates

The CEO of Stanbic Holdings, Mr Demola Sogunle, explained that the scheme was put in place because the organisation recognises the importance and impact of education in the life of every Nigerian youth.

“Education empowers and encourages the youth to prepare for the future while also confronting challenges. Education is a panacea for the growth and enduring development of any nation or organisation,” the bank chief said.

He reiterated that apart from making deliberate efforts to cushion the effect of the economic hardship caused by the pandemic on parents and guardians, the Stanbic IBTC 2020 Scholarship Programme would also seek to reward exceptional candidates who demonstrate academic excellence and good character.

While assuring members of the public of the organisation’s commitment to the growth and development of Nigerian youths, Mr Sogunle said: “Over the years, we have demonstrated our obligation to the future leaders through the various plans and programmes geared towards supporting their dreams and aspirations. One of such programmes is the annual Stanbic IBTC Youth Leadership Series (YLS), which engages Nigerian youth on how to explore their innate potentials to become better business leaders.”

The Stanbic IBTC 2020 Scholarship Programme kicked off on September 1, 2020, with the call for applications through the firm’s website and social media platforms.

Criteria for selection include a minimum score of 200 in the 2020 UTME and letter of admission into a Nigerian university, issued by the Joint Admissions and Matriculation Board (JAMB) or the university.

Upon the close of entries and completion of the scholarship process, 100 successful applicants will be offered their scholarship letters.

Intending participants can apply for the programme HERE

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.

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Education

Anxiety as ASUU Further Extends Strike by Four Weeks

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ASUU Suspends Strike

By Adedapo Adesanya

The Academic Staff Union of Universities (ASUU) has again extended the ongoing strike by four weeks with effect from Monday, August 1, 2022, to give the government enough time to resolve all outstanding issues with the lecturers.

This was disclosed by the president of the union, Mr Emmanuel Osodeke, in a statement on Monday.

The ASUU leader stated that the body conveyed an emergency National Executive Committee (NEC) meeting at the University of Abuja on Sunday.

“Following extensive deliberations and taking cognisance of the government’s past failures to abide by its own timelines in addressing issues raised in the 2020 FGN/ASUU Memorandum of Action (MOA), NEC resolved that the strike be rolled over for four weeks to give the government more time to satisfactorily resolve all the outstanding issues. The roll-over strike action is with effect from 12.01 am on Monday, 1st August 2022,” the statement read.

Specifically, NEC recalled the government’s failure to conclude the process of renegotiating the 2009 FGN/ASUU Agreement, deploy the University Transparency and Accountability Solution (UTAS), pay outstanding arrears of Earned Academic Allowances (EAA), release the agreed sum of money for the revitalization of public universities (Federal and States), address proliferation and governance issues in State Universities, settle promotion arrears, release withheld salaries of academics, and pay outstanding third-party deductions led to the initial declaration of the roll-over strike on 14th February 2022.

The group said it “observed that non-signing of the draft renegotiated 2009 FGN-ASUU Agreement more than one month after it was concluded by Professor Nimi Briggs-led Committee is further tasking the patience of ASUU members nationwide.”

it was further disclosed that the “cumulative indifference by the political class gave vent to a pervasive atmosphere of insecurity which now threatens the seamless provision of educational services in the country. The unceremonious closure of educational institutions in the Federal Capital Territory (FCT), following the recent attack on Presidential Guards, betrays a panicky measure to addressing a malignant ailment. Nothing short of a comprehensive overhaul of the security architecture of the country will sustainably address the problem.”

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Education

Oyo Queries Head Teachers for Denying Pupils Access to Exam Halls

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denying pupils access to exam

By Modupe Gbadeyanka

Some head teachers in public primary schools in Oyo State have been issued queries by the state government for denying pupils access to examination halls over the failure of their parents to pay some fees described as “illegal.”

The Executive Chairman of the Oyo State Universal Basic Education Board, Mr Nureni Aderemi Adeniran, during a monitoring exercise in Ibadan, said it was wrong for the learners to be denied access to the ongoing Public Primary Schools Unified Examination over fees unrelated to the exam.

It was gathered that some pupils could not write the exam because their parents did not pay some fees imposed by the School-Based Management Committee (SBMC).

Mr Adeniran, who expressed anger over this development, said no child should be discriminated against because of fees as the state government had abolished the collection of any development levy in all schools across the state.

He directed that the affected head teachers, five at the Methodist Basic School (School 1-5), Gan-gansi, to be served queries as a deterrent to others who may be collecting such illegal fees.

“No doubt, SBMCs and PTAs can contribute to the development of their local schools but it must not in any way affect the education of pupils.

“No child should be discriminated against in the state education sector,” the Oyo SUBEB leader said.

He disclosed that some parents had reported to the board that head teachers of the school denied their children access to examination halls for failure to pay the N100 development levy charged by the school’s management and SBMC through a popular radio station in Ibadan.

Mr Adeniran said the administration of Governor Seyi Makinde would not fold its arms and allow saboteurs to ridicule its efforts in mandating free education, adding that the ongoing education reforms of the present administration in the state have yielded huge results that must not be sabotaged.

The SUBEB boss also directed that all learners should be allowed to sit for exams without any form of hindrance, urging teachers in all public schools to adhere strictly to the state government’s policies and directives on education.

Some of the schools visited were IMG, Ibuko Ibadan South East LGA; Ratibi Muslim School, Molete, South-West; IMG Basic School, Idi-Iroko, Molete.

Mr Adeniran, who led a team of officials from SUBEB, also visited Islamic Mission School 1, Bode, Ibadan; Methodist Basic School 1-5, Gan-gansi and Community Primary School, Awotunde, Ona-ara LGA and a host of others.

He said the monitoring exercise continues in the course of the week, which will also be extended to other zones of the State, including Ogbomoso, Oyo, Oke-Ogun and Ibarapa.

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Education

FG Closes FGC Kwali Over Terror Attack Threat

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FGC Kwali

By Adedapo Adesanya

The federal government has ordered the immediate closure of one of its colleges, the Federal Government College (FGC), Kwali located in Kwali Area Council of the Federal Capital Territory, Abuja over fears of a terror attack.

This was disclosed by Mr Ben Goong, who is the Director of Press and Public Relations at the Federal Ministry of Education, in a statement on Monday in the nation’s capital.

According to him, the Minister of Education, Mr Adamu Adamu, gave the directive in the early hours of July 25 in a bid to prevent any attack on the school.

He said the closure of FGC Kwali became necessary following the security breach on Sheda and Lambata villages in the suburbs of Kwali Area Council.

While Mr Adamu said the timely intervention of security operatives saved the situation, he directed the authorities of the school to make arrangements for final year students to conclude their National Examination Council (NECO) examinations.

The Minister also directed principals of unity colleges across the country to communicate with security agencies within their jurisdictions in a bid to forestall any security breach in the government schools.

Read the full statement below:

Press Release

FG Orders Closure of FGC Kwali, Security Beef-Up In Unity Colleges.

The Federal Ministry of Education has ordered the immediate closure of one of its colleges, the Federal Government College Kwali, located in Kwali Area Council of the Federal Capital Territory, Abuja.

Education Minister, Adamu Adamu who gave the directive in the early hours of this morning said the closure became necessary following security breach on Sheda and Lambata Villages, suburbs of Kwali Area Council which also threatened FGC Kwali.

According to the Minister, the timely intervention of security Agencies saved the situation.

Adamu Adamu also directed that arrangements should be made for final year students to conclude their NECO examinations.

The Minister has also directed Principals of Unity Colleges across the country to liaise with security Agencies within their jurisdictions in order to forestall any security breach in our schools.

Ben. Bem Goong.

Director Press and Public Relations.

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