Scholarship Stanbic IBTC – Stanbic IBTC Gives N34.8m in Scholarship to Successful UTME Students

Scholarship Stanbic IBTC – As a part of its drive to encourage diligence and excellence in academic pursuit, Stanbic IBTC Holdings PLC, a member of ordinary Bank Group, has awarded N34.8m in scholarships to 87 successful candidates within the 2019 and 2020 University Tertiary Matriculation Examinations (UTME).

Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, said the scholarship is supposed to reward and encourage students who had excelled in their academic pursuits, adding that the scholarship are going to be disbursed to the 87 students in yearly allotment for a period of 4 academic years.


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The 87 beneficiaries are drawn from the 36 states of the federation and therefore the FCT, comprising of 39 candidates who participated within the 2019 UTME and another 48 candidates drawn from the 2020 UTME. Physically challenged yet brilliant candidates were also included.

The beneficiaries were effusive in their appreciation of the gesture. A beneficiary, Hammed-Saruk Omogbolahan who spoke during the virtual ceremony, thanked Stanbic IBTC for the scholarship. He said the scholarship would allow them specialise in their education, and he assured that they might still strive for tutorial excellence to justify their selection.


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Education has remained a key focus area for Stanbic IBTC, and therefore the financial organization has continued to play a number one role in transforming lives through education. Other scholarship initiatives organised by the financial organization include those awarded to indigent children who have suffered limb losses, under its signature CSI initiative tagged Together4ALimb.

Stanbic IBTC is committed to identifying opportunities to assist mould subsequent generation of leaders and help build a strong education sector that Nigerians are often pleased with.


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The scholarship program was introduced as a part of the financial institution’s 30th-anniversary celebration, with the presentation ceremony conducted virtually on Thursday, 11 February 2021.

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