A leading non-interest financial institution, LOTUS Bank, has given N850,000 to the best graduating students from Yaba College of Technology, Lagos as part of its commitment to supporting the educational sector in Nigeria.
The bank awarded cash prizes of N500,000 and N350,000 to the best graduating student and best female graduating student respectively, to encourage academic excellence.
The cash prize was made alongside other contributions, which includes the renovation of the college’s banking & finance department, the provision of office equipment for the department, and the donation of a brand-new 18-seater bus.
Speaking at the handover ceremony, the Managing Director of the bank, Kafilat Araoye, noted that a conducive environment and adequate resources are key to achieving growth, productivity, and results.
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“This is an opportunity to give back to our institutions, with these renovations and provisions, we hope it will serve as an added resource to improve the productivity and mobility of key stakeholders within the Yaba College of Technology community.
We see the prizes to our students as a form of encouragement for them to continue to strive for excellence, success and to embrace equity in banking for sustainability,” she said.
The team at Yaba College of Technology expressed their gratitude and excitement about the facelift and donations to the banking & finance department and encouraged Lotus Bank to continue to provide support to their stakeholders and community as they fulfil their corporate social responsibility.
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