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

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

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

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