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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

Tinubu Hails 2026 African Spelling Bee Championship Winner Adeolu Oreofe

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Adeolu Oreofe

By Modupe Gbadeyanka

The winner of the 2026 African Spelling Bee Championship, Ms Adeolu Oreofe, has been congratulated by President Bola Tinubu.

In a statement on Friday by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, the President described the outstanding achievement of the 14-year-old student as the importance of sustained investment in education, literacy, and youth development.

The student of St. Lawrence Metropolitan College in Ado Ekiti claimed the championship in the Junior Category in Harare, Zimbabwe recently.

She defeated contestants from over 20 African countries to claim the continental crown, which comes with a $5,000 educational scholarship.

She finished second at the 2023 MTN Spelling Bee and the 2024 Ekiti State Spelling Bee. She then placed fifth at the 2025 African Spelling Bee and second at the 2025 Nigeria Spelling Bee, before clinching the first prize this year in the continental championship.

Mr Tinubu applauded Oreofe’s dedication, as well as the unwavering support of parents, teachers, and mentors who contributed to this remarkable success, noting that she did not allow earlier disappointments to deter her from her determination to reach the top.

“I am convinced that this feat not only brings honour to Nigeria on the continental stage but also serves as an inspiration to millions of young Nigerians to pursue excellence in academics and personal development.

“As a government, we will continue to strengthen the education sector by creating opportunities that enable Nigerian youths to compete and excel globally. I wish Miss Oreofe continued success in her future endeavours,” the President further said in the statement by his chief spokesman.

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Education

Tinubu Chooses Adelabu as NECO Board Chair, Salako to Chair NBTE Board

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Bola Tinubu 2027 presidential election

By Adedapo Adesanya

President Bola Tinubu has made new appointments in the country’s educational sector, covering the National Examination Council (NECO), the National Board of Technical Education (NBTE), the Federal Polytechnic in N’yak Shendam, Plateau State, and the National Library of Nigeria, all institutions under the Federal Ministry of Education.

According to a statement on Wednesday, President Tinubu appointed Professor Modupe Adeola Adelabu as Chairman of the Governing Board of NECO, and retained the current registrar, Professor Ibrahim Dantani Wushishi.

The President also appointed Dr Bongfa Binfa as Rector of the Federal Polytechnic, N’yak-Shendam, Plateau State, and renewed the tenure of Professor Chinwe Veronica Anunobi as chief executive of the National Library of Nigeria.

For the chairmanship of the National Board of Technical Education (NBTE), President Tinubu appointed Professor Babatunde Salako.

On April 10, President Tinubu reappointed the incumbent executive secretary, Professor Idris M Bugaje, for a second and final term of five years.

Professor Adelabu, who will chair NECO, is a retired Professor of educational administration who rose through the ranks to full professorship at the Obafemi Awolowo University (OAU) in Ile-Ife, Osun State.

She was a former Deputy Governor of Ekiti State (2013- 2014) and the Chairman of the National Board for Technical Education (NBTE) between 2018 and 2021.

Professor Babatunde Salako, the new chair of NBTE, is a globally respected researcher with decades of experience in higher education, institutional governance and national policy leadership.

He previously served as the Director General of the Nigerian Institute of Medical Research (NIMR) from 2016 to 2024, a period during which the institute experienced significant revitalisation, enhanced research governance, expanded international collaborations, and improved infrastructure and research outputs.

Dr Binfa, from Plateau State, succeeds Dr Mukaila Zakari Ya’u, the pioneer Rector of the Federal Polytechnic, N’yak-Shendam, whose tenure expired on March 16, 2026.

President Tinubu approved the appointment of Dr Binfa for a single term of five years, following the conclusion of the process for appointing a new Rector through a public advertisement in national dailies in September 2025.

Dr Binfa holds a Doctor of Philosophy (PhD) in Mechanical Engineering from Universiti Teknologi Malaysia. Before this appointment, Dr Binfa was Deputy Rector (Academic) at the Federal Polytechnic of Oil and Gas, Bonny. He was also a Lecturer in the Mechanical Engineering Department at the Federal Polytechnic, Idah.

President Tinubu approved the renewal of the tenure of Professor Chinwe Veronica Anunobi as CEO of the National Library of Nigeria for a final term of five years. She was first appointed on September, 2, 2021.

Since assuming office, she has led several institutional reforms aimed at repositioning the National Library as a modern technology-driven knowledge institution, including the development and operationalisation of the National Repository of Nigeria, the Newspaper and Magazine Locator, the Index and Abstract to Nigerian Newspapers, and the National Virtual Library of Nigeria.

She has also played a strategic role in advancing the long-awaited completion of the National Library Headquarters project and in initiating plans to migrate heritage collections from the 34 state branches to the new headquarters in Abuja.

According to the statement, the President expects that the renewal of her tenure would ensure continuity in the implementation of ongoing reforms, completion of the National Library Headquarters project, and execution of the 2025-2030 Strategic Plan of the institution.

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Education

Senior Varsity Workers Warn of Indefinite Strike After April 30 Deadline

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SSANU

By Adedapo Adesanya

The Senior Staff Association of Nigerian Universities (SSANU) has issued a final deadline of April 30 for the federal government to conclude the ongoing renegotiations with its members or face indefinite shutdown of universities nationwide.

The warning was contained in a communiqué at the end of a Special National Executive Council (NEC) meeting of SSANU over the weekend in Abuja.

The union, in the document signed by its National President, Mr Muhammed Ibrahim, clarified that negotiations with the government were still ongoing and have not been concluded, contrary to reports suggesting otherwise.

SSANU expressed concern over what it described as misleading information circulating in the public domain, particularly claims that a 30 per cent increase in allowances had already been approved. The union insisted that no such agreement has been finalised or signed by the parties involved.

Reaffirming its stance, SSANU stressed that it would not accept any outcome that falls short of the understanding reached during the renegotiation process. It emphasised the need for fairness, due process and respect for collective bargaining principles in arriving at a final agreement.

Part of the communique read: “NEC reaffirmed that the renegotiation process with the Federal Government is still ongoing and has not been concluded.

“NEC expressed serious concern over attempts in the public domain to portray the process as concluded, particularly through the circulation of a letter suggesting approval of a 30 per cent increase on allowances, when discussions are still in progress, and no final agreement has been signed by the parties.

“It maintained that SSANU will not accept any outcome that falls below the negotiated understanding reached in the course of the renegotiation process and insists that fairness, due process and collective bargaining principles must be respected.

“Consequently, NEC in session, reaffirms its position by the Joint Action Committee of NASU and SSANU on the final ultimatum given to the Federal Government from April 1 to 30 to conclude the renegotiation process and sign their respective agreements. Should the Federal Government fail to conclude the renegotiation process and sign the agreements within the stated period, SSANU will have no alternative but to commence an indefinite, comprehensive and total industrial action along with NASU.

“NEC calls on all members of the Union across the branches to remain calm, vigilant, united and prepared to fully comply with the decisions of the Union in defence of their welfare, dignity and collective interest.

“NEC in session passes a vote of confidence on the National Administrative Committee under the leadership of M. H. Ibrahim, and also reaffirms its full support for the union.

“NEC reiterates that SSANU remains committed to the defence of the rights and welfare of its members and will continue to pursue justice with firmness, unity and resolve.”

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