Stanbic IBTC Adopts Four Schools Under Adopt-A-School Initiative


Stanbic IBTC, a member of the Standard Bank Group, has adopted four schools under its Adopt-a-School programme. This is a step towards enhancing education and fostering sustainable development in communities across Nigeria.

According to the bank, the schools selected for adoption include, Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, Aramoko Ekiti State; Magin Rafi Model Primary School Tudun Wada, Sokoto State and Mala Kachallah Model School, Maiduguri, Borno State.

Commenting on the importance of the initiative, the CEO of Stanbic IBTC, Dr. Demola Sogunle said, “Our commitment to adopting these schools reflects our dedication to implementing Environmental, Social, and Governance (ESG) strategies as part of our core business practices. We believe in promoting sustainability and making a positive impact on communities.”

He emphasized the socio-economic benefits of the initiative, in his words, “Education is a cornerstone for societal development. By adopting these schools, we are not only contributing to the United Nations Sustainable Development Goal (SDG) 4 but also investing in the future of these communities.”

As part of the transformative exercise, Stanbic IBTC renovated and rebuilt classroom blocks, provided modern and conducive learning environments, furnished classrooms, established computer laboratories, and provided necessary digital resources to empower students.

Furthermore, Stanbic IBTC created an inclusive and supportive educational ecosystem through the provision of 10-seater workstations and the renovation of toilet blocks, ensuring the provision of required resources for the students.

Stanbic IBTC showcased its commitment to sustainable construction practices by prioritizing passive cooling and ventilation techniques, water conservation through rainwater harvesting, construction of water-efficient plumbing systems, and installation of energy-efficient appliances and lighting solutions on the facilities.

Dr. Demola concluded by reiterating Stanbic IBTC’s commitment to responsible corporate citizenship, “Our goal is to make a lasting positive impact on communities through our initiatives and enabling sustainable and thriving environments for generations to come.”

The Adopt-a-School programme is structured upon Stanbic IBTC’s Social, Environmental, and Economic (SEE) framework, and it aligns with the Group’s mission to be a responsible corporate citizen.

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