Stanbic IBTC Upgrades Infrastructure of Lagos Primary School

(L-R): Angela Omo – Dare, Head, Country Legal Services, Stanbic IBTC Holdings PLC; Hon. Alamu Airat Mojirade, Education Secretary, Alimosho LGEA; Mrs. Oluwabunmi Morenikeji Oteju, Director, State Universal Basic Education Board, Lagos State and Mrs. Elizabeth Adebola Ogunmola, Head Teacher, Abaranje Primary School, Abaranje, Lagos State; at the handover ceremony of built modern toilets, septic tank, borehole and water head tank, at Abaranje Primary School II, Abaranje, Alimosho LGA, Lagos State, on Monday, August 26, 2019.

(L-R): Mrs. Oluwabunmi Morenikeji Oteju, Director, State Universal Basic Education Board, Lagos State; Mrs. Elizabeth Adebola Ogunmola, Head Teacher, Abaranje Primary School, Abaranje, Lagos State; Mrs. Angela Omo – Dare, Head, Country Legal Services, Stanbic IBTC Holdings PLC and Hon. Alamu Airat Mojirade, Education Secretary, Alimosho LGEA, Lagos State; at the handover ceremony of built modern toilets, septic tank, borehole and water head tank at Abaranje Primary School II, Abaranje, Alimosho LGA, Lagos State, on Monday, August 26, 2019.

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated an ultra-modern lavatory to Abaranje Primary School, located in the Alimosho Local Government Area of Lagos State.

The facility donated by Stanbic IBTC consists of a block of 12 modern toilets – 10 for the use of students and two for their teachers’ use. It also includes a septic tank, borehole and overhead water tank.

Speaking during the hand-over ceremony at the school premises, Angela Omo-Dare, Head, Legal Services of Stanbic IBTC, said that the donation was in line with the company’s Corporate Social Initiatives.

Giving a background to the project, Angela stated that the Legal Services Department of Stanbic IBTC decided to undertake a CSI initiative that would benefit a public primary school and also address a health challenge.

Angela said: “Some members of the team were charged with finding a suitable project. When they returned, they spoke of a school where 800 children were sharing two pit latrines. The team was unanimous in its belief that this project was the most deserving of all the interventionist measures we considered. The team was determined that the children of Abaranje Primary School II, should have access to modern toilets.”

She stated that the CSI project was funded by staff of the Legal Services Department of Stanbic IBTC, with contributions from their friends and family members. She added that Stanbic IBTC matched the funds raised by the Legal Services Department, which enabled the completion of the project.

Urging other corporate organisations to emulate Stanbic IBTC’s initiative, Angela stated: “We are grateful that we have been given the opportunity to contribute towards the comfort and health of young Nigerians. We received much joy from the evolution of this project and a sense of pride from its completion. It emphasizes Stanbic IBTC’s core value of Teamwork.”

In her welcome remarks, Mrs. Oluwabunmi Morenikeji Oteju, a Director in the State Universal Basic Education Board of Lagos State, thanked Stanbic IBTC for donating the toilet facilities and for initiating similar CSI initiatives across primary schools in Lagos State.

She said: “I want to say a very big thank you for building this befitting structure for the children because they are the future leaders. I am also aware that you have several projects relating to provision of benches and tables for children in our primary schools, building/ renovating of libraries and so much more. There are over 1,016 primary schools in Lagos and the government alone cannot cater to all their needs. A lot of stakeholders have to come in to support and Stanbic IBTC is part of the organisations offering support. Projects like these make the learning environment more conducive and the students can learn better under such conditions.”

She further pledged that the facilities provided by Stanbic IBTC would be put to effective use, assuring that the infrastructure would be properly maintained.

Mrs. Elizabeth Ogunmola Adebola, the Head Teacher,Abaranje Primary School II, expressed gratitude to the management of Stanbic IBTC. She disclosed that the school had been sharing a block of two toilets with another school when its pit toilet got destroyed three years ago.

She said: “We thank the Legal Department of Stanbic IBTC Holdings for bringing this project to this school. In fact, we were at a point where we didn’t know what to do any longer. When members of the Legal Services Department of Stanbic IBTC came, we were very happy when they said that they wanted to build a block of toilets for us. We are thankful for this beautiful toilet facility that has been provided for our pupils so that they can have a taste of good living.”

Stanbic IBTC is a Nigerian company which had its roots in Investment Banking & Trust Company PLC, formed on February 2, 1989 with Atedo Peterside as the first Chief Executive.

The company has since evolved into a full-service financial institution with 9 subsidiaries all headed by Nigerians.

Stanbic IBTC Holdings PLC has estimated staff strength of approximately 5,000, 99.9% of whom are Nigerians. Additionally, eight of Stanbic IBTC Holdings PLC’s ten-member board are Nigerians.

Hot this week

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Regency Alliance Insurance Launches N7bn Private Placement

Regency Alliance Insurance Plc has officially launched a private...

Topics

Allianz Report Lists Key Africa Business Risks in 2O16

According to a report ‘Allianz Risk Barometer 2O16’ released...

African Guarantee Fund Earns AA-Rating from Fitch

The African Guarantee Fund for Small and Medium-Sized Enterprises...

Citi Bank Wins Lifetime Achievement Award at African Banker Awards

Winners of the 2017 African Banker Awards were announced...

AfDB Unveils ‘New Deal for Energy in Africa’

The African Development Bank Group (AfDB) unveiled its landmark initiative to solve Africa’s huge energy deficit by 2025 at a High Level Stakeholder Consultative Meeting attended by business and political leaders at its headquarters in Abidjan. The “New Deal for Energy in Africa,” which charts the way for a transformative partnership on energy focuses on mobilising support and funding for the initiative from five key areas.

Re: Tax Tribunal Orders NLNG to Pay $27.5m to FIRS as 2016 Revised Corporate Income Tax

Nigeria LNG Limited (NLNG) has noted media reports suggesting...

The Rise of $1bn e-Commerce Industry in Nigeria

According to Euromonitor International data, Nigeria boasts the largest online market for apparel and footwear in Africa, which is expected to grow from US$104 million in 2014 to $1billion in 2019. The building blocks for future developments in e-tailing are emerging in sub-Saharan Africa, as a growing middle class and young population create a demand for products that store-based retail simply cannot meet, due to a lack of shopping malls and gridlocked cities.

Law Union & Rock Insurance Unveils Travel, Teen Policies

Law Union & Rock Insurance Plc has released more...

NAICOM Visits Housing Minister for National Insurance Conference 2023

  As part of the National Insurance Commission’s drive to...