Intercontinental Bank Launches Scholarship Scheme in Enugu

 Intercontinental Bank Plc has launched the Intercontinental Bank-Enugu State scholarship scheme in continuation of its nationwide corporate social responsibility projects.
Beneficiaries under the scheme who are indigenes of the state in tertiary institutions across the country are each entitled to N50,000 per annum. At the full cycle of the scheme the bank would be spending about N25million per annum.
Intercontinental Bank State Scholarship Scheme is the bank’s way of partnering with state governments in enhancing access to quality education. Currently the bank has launched the scheme in over 13 states in the country with several hundreds of beneficiaries enjoying annual scholarship awards.
The states include Lagos, Ondo, Ekiti, Anambra, Ebonyi, Bayelsa, Edo, Niger, Sokoto, Katsina, Kaduna, Jigawa and Kwara. Other states are lined up till end of the year.
About 1600 students across the 13 states are currently enjoying the scheme. This number is in addition to the Annual Intercontinental Diamond Fund (IDF) Scholarship Programme targeted at the wards of the customers across the country. The number of beneficiaries in this programme is about 500 bringing the cumulative number of beneficiaries of Intercontinental Bank’s Scholarships to over 2100 across the country.
The bank in a statement, explained that the involvement in education is deeper than giving scholarships. “We are strongly committed to helping in the building of a world-class educational system in the country. We are concerned with the continuous decline in the quality of graduates from our tertiary educational institutions”, the statement said.