Stanbic IBTC University Scholarship for Nigerian Students 2020

About Stanbic IBTC University Scholarship

This initiative is in the continuance of Stanbic IBTC Bank’s goal to support the dreams and aspirations of Nigerian youths as they have been doing over the years through various activities such as Youth Leadership Series (YLS), Higher Institution Football League (HIFL), and so on.

The scholarship program is aimed at encouraging hard work and academic excellence amongst Nigerian undergraduates and it is open to students who participated in the 2020 Unified Tertiary Matriculation Examination (UTME)and have just gained admission into any Nigerian state or federal university.

The scholarship program is aimed at encouraging hard work and academic excellence amongst Nigerian undergraduates and it is open to students who participated in the 2020 Unified Tertiary Matriculation Examination (UTME)and have just gained admission into any Nigerian state or federal university.

Students qualified to Apply for Stanbic IBTC University Scholarship

The scholarship is only accessible to Applicants who:

  • Live in Nigeria and partook in the 2020 University Tertiary Matriculation Examinations (UTME) performed by the Joint Admission and Matriculation Board (JAMB)
  • Have a score of 200 and above in JAMB
  • Have gained admission and have been properly enrolled in a Nigerian Federal or State University with relevant evidence.

 

How to Involve for Stanbic IBTC University Scholarship

  1. Connect to http://bit.ly/StanbicIBTCScholarship
  2. Fill the mandatory details, attach requested documents and submit
  3. Successful Applicants will be informed only via email.
  4. Where an applicant applies on more than one platform or submits multiple entries/applications, they shall still be entitled to only one Scholarship slot.

Selection:

  • The Scholarship will only be awarded to 100 Applicantsspread across the 36 States of the federation and FCT with a minimum of 2 Applicants per State.
  • The Scholarship will be offered on a first-come-first-serve basis until the 100 slots are allocated.
  • Scholarships will only be awarded to applicants that follow the instructions and meet all the eligibility criteria.
  • Winners will only be contacted through the valid email address they provide.
  • Applicants who plan on studying courses related to the “Future of worWorkill be an added advantage (for example Data Science, Business Analytics, Economics, Accounting, Finance, IT, and,d so on).
  • Where an Applicant applies more than once/multiple times, they shall still be entitled to only one Scholarship slot.
  • The decisions of Stanbic IBTC are final in all matters relating to the Scholarship.

Acceptance of Scholarship

When you are successful and win the Scholarship, you must read and accept these Terms and Conditions and all other documents sent to your mail in full. By accepting this Scholarship from Stanbic IBTC, it is understood that you have read and agree to comply with these Terms and Conditions.

Please remark, if you are under 18 years of age, your parent or guardian must read and license to these terms and conditions and other accompanying documents on your behalf
Also, cite the following;

  • Successful applicants will receive an email to confirm the outcome of their application and they will only be contacted through the valid email address they provide.
  •  The email received from the Stanbic IBTC authority with detail of  the scholarship benefits, payment timing an,d other important information as expected
  • They will also obtain other documents and forms which they will be inquired to fill, sign and return, to confirm that they agree to the terms and conditions as expressed herein
  • If Successful Applicants do not wish to accept the scholarship they have been offered, they should advise us immediately by sending an email to [email protected]
  • Failure to accept the scholarship offer within the period specified in the notifying email will result in int into forfeiture of the offer
  • Successful Applicants will be anticipated to open a Stanbic IBTC Education Trust account and Stanbic IBTC bank account for payment of the Scholarship fund
  • Successful Applicants may be required to provide additional evidence via a link that would be provided to them or via a Stanbic IBTC authorized email.
  • The additional evidence will include providing the admission letter from the admitting University.

Please Note:

  1. The Scholarship is awarded on the basis that you will maintain an enrolled status at the university your admitted degree program.
  2. Stanbic IBTC University Scholarship does not apply to employees of Stanbic IBTC and/or their immediate family members, where there are entries by employees of Stanbic IBTC or their immediate family members, it will not be rewarded.
  3.  This scholarship is not (at all) sponsored by, run by or, associated with, Facebook, Twitter, LinkedIn or, Instagram.
  4. Stanbic IBTC reserves the right to decline participation in the Scholarship for any applicant at their discretion.

Retention of Stanbic IBTC University Scholarship

To conserve your scholarship, successful applicants must:

  • Maintain an enrolled status in their respective Universities in the degree preprogrammed were admitted for.
  •  Adhere to the academic and administpoliciespolices of the University and annually provide a Letter of good conduct issued by their respective department
  • Maintain a Cumulative Grade Point Average (CGthe PA) of the second class upper (a CGPA of at least 3.5 in a CGPA system of 5 points, at least 3.0 in a CGPA system of 4 points, at least 4.6 in a CGPA system of 7 points).
  • Evidence of the same must be provided at the beginning of every academic year before scholarship payment can be made.
  • Meet any other additional criteria which would be communicated to you through email.
  • At the end of each academic year for the duration of your scholarship, you will be asked to provide a report detailing how the scholarship funds have been spent.
  • It is the responsibility of the Successful applicant to provide this report at the specified time advised by Stanbic IBTC.
  • Failure to return reports by the specified time, without reason, may result in future payments being withheld.
  • Kindly note that the successful applicants would be entitled to this Scholarship for a total period of Four (4) years from the day of acceptance, notwithstanding the length of the program gram.
  • The Scholarship shall be paid at the beginning of every academic year subject to the terms and conditions contained herein.

 

Termination of Scholarship
Stanbic IBTC may terminate your scholarship if:

  1. You withdraw or transfer from your program of study.
  2. You are suspended or excluded from the whole or part of the University or your program.
  3. You are expelled from the University.
  4. You have made any misrepresentation (whether negligently or intentionally) to us either in respect of applying for the Scholarship or during the course of and in connection with your studies at the University
  5. You have acted fraudulently or dishonestly in connection with securing your Scholarship or place at the University.

If your scholarship is terminated, you will not receive any further payments. You may be required to repay some or all of the scholarship funds received by you where your termination relates to.

Closing Date:

Entry/applications for the Scholarship is open to applicants from 01 September 2020 to 24 October 2020. No application shall be accepted after the entry/application expiration date.

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Jeremiah Alayo

Jeremiah Alayo is an educationist who’s passionate about imparting knowledge into students from every work of life. He intends to ameliorate failure and elevate the success

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