Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated an ultra-modern laboratory to Abaranje Primary School, located in the Alimosho Local government area of lagos State in a bid to support education and learning in the 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 handover 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.
“The bank’s team was unanimous in its belief that this project was the most deserving of all the interventionist measures we considered,” she said.
The CSI project was funded by the staff of the Legal Services Department of Stanbic IBTC, with contributions from their friends and family members. Stanbic IBTC matched the funds raised by the Legal Services Department, which enabled the completion of the project.
Angela urged other corporate organisations to emulate Stanbic IBTC’S initiative and 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.”
A director in the State Universal Basic Education Board of Lagos State, Oluwabunmi Morenikeji Oteju, thanked Stanbic IBTC for donating the toilet facilities and for initiating similar CSI initiatives across primary schools in Lagos State.
She assured that the facilities would be put to effective use and properly maintained while Elizabeth Ogunmola Adebola, the Head Teacher; Abaranje Primary School II disclosed that the school had been sharing a block of two toilets with another school when its pit toilet got destroyed three years ago.
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 percent of whom are Nigerians. Additionally, eight of Stanbic IBTC Holdings PLC’S tenmember board is Nigerian.