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Stanbic IBTC Rewards Lagos Teachers

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Comenius Nursery and Primary School

Some teachers of Comenius Nursery and Primary School, a tuition-free elementary school for poor children, have been rewarded by Stanbic IBTC Bank PLC with payment of their salary for one full year.

Comenius Nursery and Primary School is an initiative of Street2School, an NGO that sponsors and supports the education programmes of poor and marginalized children.

A statement from the lender disclosed that the one-year salary of the beneficiaries was donated by staff of the Transactional Products & Services unit of the bank, which a subsidiary of Stanbic IBTC Holdings PLC.

There is a popular African saying that the reward of teachers is in heaven, but the employees of Stanbic IBTC Bank PLC chose to reward the teachers for their role in imparting knowledge on children.

Head of the Transactional Products and Services, Mr Inwang Akpan, and his counterpart at the Cash Management, Mrs Ojinika Shote, presented the cheque to the Proprietress of the school, Mrs Oluwatosin Taiwo.

Mr Akpan stated that the donation was made to the teachers in appreciation of their dedication to providing quality education to the less privileged children.

He said: “They say that the reward for teachers is in heaven, but pending when you receive that reward in heaven, there is a lot that needs to be done here to support you while we are still on earth. That is the major reason why we decided to support your efforts.”

Speaking in the same vein, Mrs Shote added that the essence of the donation was to appreciate the teachers for their tireless efforts in providing quality education to their pupils of Comenius Nursery and Primary School.

She stated: “Without teachers, there will be no school. We decided to work with a well renowned NGO, Street2School, that we know is doing great work and to support them in their quest to run a free school. That’s why we decided to support the teachers under the aegis of the Street2School initiative with one year’s salary’s worth.”

While expressing her gratitude to the management of Stanbic IBTC Holdings PLC, Mrs. Taiwo noted that paying the teachers’ salary had been a burden since the inception of the free-school program. According to her, the move by the company was a push towards ensuring that every child has access to quality education and learning. The payment of the teachers’ salaries kicks off from November 2019 to October 2020.

The employees of the Corporate and Investment Banking (CIB) unit of Stanbic IBTC had earlier embarked on similar CSR initiatives at Girls Senior Academy and the Special Correctional Centre for Boys, both located in Lagos.

The employees of the CIB unit planted the seeds of financial literacy in the minds and hearts of the Girls Senior Academy students. The students were tutored on career development, acquisition of life skills and the cultivation of financial planning for their future.

Mr Funso Akere, Chief Executive, Stanbic IBTC Capital, encouraged the students imbibe the habit of hard work, adding that they can succeed if they are determined and focused in pursuing their dreams.

The Compliance team of Stanbic IBTC Pension Managers Ltd provided groceries, school items, food items and other important supplies to the Special Correctional Centre for Boys.

Mr Edidiong Akan, Head, Compliance, Stanbic IBTC Pensions, explained that the unit decided to make the donations because of the importance the financial institution attaches to supporting children’s education and enhancing learning experiences.

Education is one of the CSR pillars of Stanbic IBTC Holdings PLC; with health and economic empowerment being the other areas of focus.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Education

National Assembly to Stop FG from Funding JAMB, Queries N1bn for Meals

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JAMB Registrar Ishaq-Oloyede

By Adedapo Adesanya

The National Assembly comprising the Senate and the House of Representatives has resolved to remove the Joint Admissions and Matriculation Board (JAMB) from the Federal Government’s 2025 budget grant, citing concerns over the board’s financial management.

Lawmakers argued on Monday that it is unjustifiable for JAMB to remit N4 billion to the federation account while receiving N6 billion from the government in 2024.

This decision followed a presentation by JAMB Registrar, Mr Ishaq Oloyede, before the joint committee of the Senate and House of Representatives, led by Mr Sani Musa, during an interactive session on revenue projections for 2025.

Mr Oloyede revealed that JAMB remitted N4 billion to the Consolidated Revenue Fund but received N6 billion from the federal government in 2024, prompting committee members, including Mr Abiodun Faleke and Mr Adams Oshiomhole, to question the rationale behind funding a self-sustaining agency with government grants.

“You remitted N4 billion and received N6 billion from the federal government. Why not keep the N4 billion and stop the government from funding JAMB?” asked Mr Faleke, the Chairman of the House Committee on Finance.

On his part, Mr Oshiomhole criticized JAMB for spending N1.1 billion on meals and refreshments last year, querying, “Are you being freely fed by the government? This money comes from poor students, many of whom are orphans.”

He also questioned the N850 million spent on security, cleaning, and fumigation, and N600 million on local travels, challenging the justification for these expenses.

Further scrutiny was directed at the N6.5 billion allocated for local training and N1 billion for a staff housing scheme.

Mr Oshiomhole then called for a breakdown of these expenditures.

In a related development, the Senate expressed concern over the low remittances from MDAs in 2024, pointing to a significant gap between the revenue generated and amounts remitted to the federation account.

This was disclosed by Mr Sani Musa, the Chairman of the Joint Finance Committee of the Senate and House of Representatives, during an interactive session on revenue projections by MDAs for 2025.

Mr Musa highlighted the Senate’s deep concern over the significant gap between the substantial revenues accrued by these agencies and their consistently low remittances to the federation account.

He pointed out that this discrepancy hampers the government’s ability to fund critical infrastructure projects and social services, raising issues of inefficiency, mismanagement, and potential revenue leakages.

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Education

Philomena Onoyona Foundation Donates Learning Materials to School

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Philomena Onoyona Foundation Alidinma Mixed Secondary School

By Modupe Gbadeyanka

Some learning materials have been donated to the Alidinma Mixed Secondary School in Agbor Alidinma in Ika South Local Government Area of Delta State by the Dr Philomena Onoyona Foundation.

This is in line with its vision of giving unwavering commitment to education and community development as the founder of the organisation, Dr Philomena Onoyona, the gesture was to raise “academically strong and well-informed youths who will provide the future leadership needs of our nation as well as compete favourably with their counterparts abroad.”

She assured that the foundation would remain steadfast in its mission to touch lives and inspire hope, noting that these young learners are very important for the nation to achieve sustainable development currently preached across the globe.

“Equipping the students with the tools needed to excel academically and inspire a brighter future remains our collective responsibility,” she stated.

Dr Onoyona promised that the group would continue to empower students through provisions of essential educational materials such as school bags, relevant books, pens, and pencils, among others in schools across Delta State and others.

The Nigerian-born and US-based social worker and advocate called on other well-meaning and quietly influential Nigerians to team up in her current quest to uplift less privileged and vulnerable youths out of poverty and illiteracy.

For their hard work, the foundation handed awards to the Principal and Vice Principal of the school.

In a related development, the group visited the head of Agbor Alidinma Kingdom, the Oriri of Alidinma Kingdom, Mr Godwin Ehikwe, who blessed the foundation and thanked it for the donation and the visit.

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Education

Teachers Praise Makinde for Mass Recruitment

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Seyi Makinde

By Modupe Gbadeyanka

Governor Seyi Makinde of Oyo State has been commended for recruiting about 19,500 teachers since he assumed office about five years ago.

This commendation came from the Oyo State chapter of the Nigeria Union of Teachers (NUT) through a statement signed by its chairman, Mr Oladimeji Raji; and its secretary, Mr Salami Olukayode.

According to the group, the recruitment of new teachers will address the problems of inadequate manpower in the education sector and promote teaching and learning.

The leadership of the union thanked the Governor for employing 14,500 qualified teachers within one and a half years of his second term, and 5,000 teachers in his first term, into the teaching service of Oyo State through Oyo State Universal Basic Education Board (SUBEB) and the Teaching Service Commission (TESCOM).

“Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the anal of the recruitment history of our dear state in recent times but also across the entire 36 states of the federation, including the Federal Capital Territory.

“Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non-teaching personnel, aside from an appreciative number of caregivers is a clear-cut and perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children,” a part of the statement said.

Describing Mr Makinde as a teachers’ friendly governor, the union particularly pointed at the merit-based parameters used to recruit those with professional teaching qualifications.

“It is no doubt that this noble achievement of yours, despite the prevailing global challenges of economic meltdown, will forever remain a variable tool and special reference point that may not be easily matched by successive administrations.

“Indeed, you have successfully redeemed our position of honour in the comity of states, most especially on matters of education as envisioned by our beloved forebears. Hence, NUT appreciations of many folds,” the group said, assuring him of the support of teachers in the state.

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