The scholarship initiative is in continuance of our goal to support 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.
The following documents are required for upload to apply for the scholarship.
- Recent Passport Photograph
- Valid ID Card
- UTME Result
- O’Level ( WAEC, NECO or GCE) Statement of Result or Certificate
- JAMB or University Admission Letter
Terms and Conditions for the Stanbic IBTC University Scholarship.
1. Eligibility:
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 programme
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 discretion.
2. Agreement to official rules:
Entry/applications for the Scholarship is open to applicants from 01 September 2021 to 30
November 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
Instagram.
3. How to enter:
Applicants may submit their applications by following these simple steps:
a) Go to any of our social media page on Instagram (@stanbicibtc), and Facebook
(@stanbicibtc) and look for the post
b) Click on the link, fill the required details, attach requested documents and submit
Successful Applicants will be notified only via an 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.
4. Selection:
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
allocated.
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 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 Scholarship slot.
The decisions of Stanbic IBTC are final in all matters relating to the Scholarship.
5. 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 Conditions.
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
UniversityScholarship@stanbicibtc.com
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.
6. Retention of Scholarship
To retain your scholarship, Successful Applicants must:
were admitted for
b) Adhere to the academic and administrative polices 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 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.
7. 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
programme.
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.
8. Publicity, Promotion and Media Consent
By applying for this scholarship, Applicants grant Stanbic IBTC permission to post their personal details and picture 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.
