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Intercontinental Bank launches N50m scholarship scheme

..donates N150m infrastructures to AAU

In continuation of its determination to boost the manpower pool for the Nigerian economy, Intercontinental Bank Plc will today present scholarship cheques worth N5million to some students of Ondo State origin as first part of the N50 million Intercontinental Bank – Ondo State Scholarship Scheme which will be launched today.

About hundred students will benefit from this first batch. The bank would continue to honour this award to the beneficiaries annually until they graduate, while more batches would be added annually.

Also, in line with its corporate social responsibility policy and strategy the bank has completed a 1,000-seater Lecture Hall and an ultra-modern students hostel for Adekunle Ajasin University (AAU), Akungba Akoko in Ondo State worth over N150million.

The bank in a statement, explained why it chose to invest in educational sector, saying that the involvement in education is deeper than giving scholarships. “We are strongly committed to helping in the building of a world-class educational system in the country. We are concerned with the continuous decline in the quality of graduates from our tertiary educational institutions”.


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