Stanbic IBTC University Scholarship.
A scholarship fund worth N40M to initiative to support the dreams and aspirations of 100 Nigerian youths over a duration of four academic years.
We recognize the importance and impact of education in the life of every Nigerian youth.
The scholarship initiative is in continuance of our goal to support the dreams and aspirations of Nigerian youths as we 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 programme is aimed at encouraging hard work and academic excellence amongst Nigerian undergraduates and it is open to students who participated in the Unified Tertiary Matriculation Examination (UTME) and have gained admission into any Nigerian state or federal university.
In the words of Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, the organization recognizes the importance and impact of education in the life of every Nigerian youth. According to him: “Education empowers and encourages the youth to prepare for the future while also confronting challenges. Education is a panacea for the growth and enduring development of any nation or organization.”
The following documents are required for upload to apply for the scholarship.
- Recent Passport Photograph
- Valid ID Card
- UTME Result
- O’Level Statement of Result or Certificate
- Admission Letter
The Stanbic IBTC University Scholarship (The “Scholarship”) by Stanbic IBTC Holdings PLC
(“Stanbic IBTC”, “we” or “us”) is only available to Applicants (“Applicants”, “They” or “You”) who:
a) reside in Nigeria and participated in the 2021 University Tertiary Matriculation
Examinations (UTME) conducted by the Joint Admission and Matriculation Board (JAMB)
b) have a score of 250 and above in University Tertiary Matriculation Examinations (UTME)
c) have gained admission and have been properly enrolled in a Nigerian Federal or State
University (“University”) with relevant evidence
The Scholarship is awarded on the basis that you will maintain an enrolled status at the University
in your admitted degree program
The 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.
Stanbic IBTC reserves the right to decline participation in the Scholarship for any applicant at their
Agreement to official rules:
Entry/applications for the Scholarship is open to applicants from 01 September 2021 to 24
October 2021, no application shall be accepted after the entry/application expiration date.
By applying, you indicate your full and unconditional agreement to, and acceptance of, the
rules/terms and conditions (as may be amended, supplemented, or novated), which are final and
binding on all the Applicants. Winning/receiving a scholarship is contingent upon you meeting all
the eligibility criteria, fulfilling all the requirements, and complying with all the conditions.
This scholarship is not (at all) sponsored by, run by, or associated with, Facebook, LinkedIn or
How to enter:
Applicants may submit their applications by following these simple steps:
a) Go to any of our social media pages on Instagram (@stanbicibtc), and Facebook
(@stanbicibtc) and look for the post
b) Click on the link, fill in the required details, attach requested documents and submit
Successful Applicants will be notified only via email.
Where an applicant applies on more than one platform or submits multiple entries/applications,
they shall still be entitled to only one Scholarship slot.
a) The Scholarship will only be awarded to 100 Applicants spread across the 36 States of
the federation and FCT with a minimum of 2 Applicants per State.
b) The Scholarship will be offered on a first-come, first-serve basis until the 100 slots are
c) Scholarships will only be awarded to Applicants that follow the instructions and meet all
the eligibility criteria.
d) Winners will only be contacted through the valid email address they provide.
e) All documents submitted by applicants will go through the Stanbic IBTC verification process.
Applicants who plan on studying courses related to the “Future of Work” will be an added
advantage (for example Data Science, Business Analytics, Economics, Accounting, Finance, IT
and so on).
Where an Applicant applies more than once/multiple times, they shall still be entitled to only one
The decisions of Stanbic IBTC are final in all matters relating to the Scholarship.
Acceptance of Scholarship:
Where 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
Please note, if you are under 18 years of age, your parent or guardian must read and consent to
these terms and conditions and other accompanying documents on your behalf
Also, note the following.
a) 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
b) The email received from a Stanbic IBTC authorized email address will detail the
scholarship benefits, payment timing, and other important information as required
c) They will then receive other documents and forms which they will be asked to fill, sign and
return, to confirm that they agree to the terms and conditions as stated herein
d) If Successful Applicants do not wish to accept the scholarship they have been offered,
they should advise us immediately by sending an email to
e) Failure to accept the scholarship offer within the period specified in the notifying email will
result into forfeiture of the offer
f) Successful Applicants will be required to open a Stanbic IBTC Education Trust account
and Stanbic IBTC savings bank account for payment of the Scholarship fund
g) 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.
Retention of Scholarship
To retain your scholarship, Successful Applicants must:
a) Maintain an enrolled status in their respective Universities in the degree programme they
were admitted for
b) Adhere to the academic and administrative policies of the University and annually provide
a Letter of good conduct issued by their respective department
c) Maintain a Cumulative Grade Point Average (CGPA) 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) or as it is in line with the school’s grading system.
Evidence of same must be provided at the beginning of every academic year before
scholarship payment can be made.
d) Meet any other additional criteria which would be communicated to you through email
e) 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) academic years from the day of acceptance, notwithstanding the length of the degree
programme. 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
a) You withdraw or transfer from your programme of study,
b) You are suspended or excluded from the whole or part of the University or your
c) You are expelled from the University.
d) 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
e) 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
Section 7c, d and e.
Publicity, Promotion and Media Consent
By applying for this scholarship, Applicants grant Stanbic IBTC permission to post their personal
details and pictures on our social media platforms and other corporate materials in connection with
our scholarship scheme in the event that they are awarded the scholarship. Successful candidates
will also be asked to share their experience on the scholarship scheme during the scholarship
duration, either through a video or a press interview.
With reference to the above, the Applicant hereby grant Stanbic IBTC permission to use,
reproduce, distribute, communicate to the public, publish, publicly display, modify, translate,
adapt, upload, download in any form or manner and/or permission to incorporate this material
into other materials or works in any format or medium for any commercial or non-commercial
purpose in line with the Nigerian Data Protection Regulation (NDPR) 2019. The Applicant can
withdraw their consent at any time but must do so in writing or by email to
Any dispute which may arise out of participating in this scholarship shall be settled by the parties
in an amicable manner through informal negotiation/ after the affected party informs the other in
writing that a dispute has arisen. The parties shall use all reasonable endeavors to resolve such
disputes and differences on a goodwill basis within 20 (Twenty) calendar days. Where however
the parties are unable to resolve the dispute within the 20 (Twenty) calendar days, the parties
hereby agree that the dispute shall be referred to Mediation and shall be settled by Alternative
Dispute Resolution processes in the Lagos, Multi-door Courthouse in accordance with the
provisions of the valid and prevailing laws and practice directions of the Lagos Multi door
Courthouse or any applicable statute being in force at the time.
The place of the Alternative Dispute Resolution Processes shall be Lagos, Nigeria, the mediation
proceedings shall be kept private and confidential by both parties.
The decision of the Lagos Multi-door Courthouse shall be final and binding on the parties.
Stanbic IBTC reserves the right to amend these terms and conditions at any time. Any revised
the version will be effective immediately that it is displayed on social media platforms.
These terms and conditions are governed by and construed in accordance with laws of Federal
The Republic of Nigeria.
In the event of any comments or questions concerning these terms and conditions or for more
information, please contact us by e-mailing [email protected]
Opening Date: 01st September 2021
Closing Date: 24th September 2021