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Bank launches undergraduate scholarship scheme


Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has called for applications for the maiden edition of its  Scholarship Programme.

The Stanbic IBTC 2020 Scholarship Programme, geared towards encouraging hard work and academic excellence among undergraduates, is open to students who scored 200 and above in the 2020 Unified Tertiary Matriculation Examination (UTME) and have  gained admission into any of the tertiary institutions.

The foremost end-to-end financial services provider has said that the total scholarship value of at least 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.

Chief Executive, Stanbic IBTC Holdings PLC, Dr. Demola Sogunle, said the organisation recognises the importance and impact of education in the life of every youth.

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

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

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