Stanbic IBTC Pension Managers donates water scheme to NYSC

MD Stanbic IBTC-Pension Managers, Demola Sogunle

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Chuks Udo Okonta

Determined to improve the living standard of Nigerians, Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings Plc, has commissioned a water project built and donated to the Nigerian Youth Service Corps (NYSC) Camp in Kubwa, Abuja

The water project, which will extend clean water supplies to the camp and other outlying areas, was commissioned on Wednesday October 7, 2015 by the Director-General NYSC Brigadier-General Johnson Bamidele, who was represented by the Deputy Director, Planning, NYSC, Obong Attah.

Bamidele expressed appreciation to Stanbic IBTC Pension Managers for recognizing the need to build a better future for Nigerians by providing access to amenities that form the foundation of a vibrant and productive society. He said the project would bring great relief to the community who hitherto had to walk long distances in search of safe water.

“The successful execution of this project is tremendously useful to us and the community,” he stressed. The NYSC DG commended Stanbic IBTC Pension Managers Limited for the intervention, which he described as a clear demonstration of the PFA’s positive disposition towards the welfare and development of Nigerians, particularly the youth.

The Executive Director, Investments, Stanbic IBTC Pension Managers Limited, Eric Fajemisin, said the execution of the project was in recognition of the fundamental importance of having access to clean, safe water. The company, he said, clearly understands the interplay of water and sanitation in ensuring a healthy populace, resulting in higher productivity and the unlocking of economic potential for the overall wellbeing of the people.

“This project is an integral part of Stanbic IBTC Pension Managers’ corporate social investment initiatives, which is anchored on our strong belief in adding value to the communities where we operate. We understand the difficult and heartbreaking conditions that often results from lack of access to amenities, and we will continue to explore opportunities to provide support in this regard,” he said.

Fajemisin identified other community development projects undertaken by Stanbic IBTC Pension Managers over the years to include the installation of water projects at Police College Kaduna and Calabar; donation of chairs to Police College, Ikeja; painting of administrative block of Kaduna Police College and the donation of crash helmets to motorcyclists in Lagos, Ado-Ekiti, Ibadan and Oshogbo, among other interventions.

Nike Bajomo, Stanbic IBTC Pension Managers Limited’s Head of Business Development, said the project complements the efforts of government to provide requisite infrastructure to benefit communities across the country. “We are more than happy to do our part in building projects and amenities that address the needs of society, in the same way that our business is designed to ensure comfort in retirement,” she stated.

Stanbic IBTC Pension Managers Limited is a subsidiary of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground banks in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.


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