Stanbic IBTC: Making Meaningful Impact Through CSI

It is common practice for organizations to use money, gifts, employee manhours or resources for projects that improve the lives of people in the host communities where they operate in exchange for benefits of all sorts. The Corporate Social Investment (CSI) initiatives of Stanbic IBTC Holdings PLC, a member of Standard Bank Group, however stands out in this regard.

The year 2019 marked the fifth edition of Stanbic IBTC’s flagship CSI activity, Together4ALimb. The number of beneficiaries for 2019 alone was increased to 10, which is the highest number since the programme kicked off in 2015. Dr. Demola Sogunle, Stanbic IBTC Bank’s Chief Executive explained that the number was increased in commemoration of the Stanbic IBTC Group’s 30th anniversary. Together4ALimb Walk is an initiative through which the company provides prosthetic limbs to children from underserved communities suffering from limb loss. In 2019, each beneficiary was also awarded an Educational Trust worth N1.5 million to enable them further their education with ease.

The employees of Stanbic IBTC also take the lead in terms of implementing CSI projects. The staff of the various business units/ departments, commit their personal funds towards executing these projects. The Stanbic IBTC Holdings Group then matches the funds provided by the staff, in line with its commitment towards ensuring that it gives back to the societies it operates in. Stanbic IBTC’s CSI is hinged on three key pillars – Health, Education and Economic Empowerment.

In its usual practice, the leading Nigerian end-to-end financial service provider invested in several CSI projects across the country. It renovated schools and health centres/hospitals and donated items such as computers, sewing machines, wheelchairs, crutches, clippers, toiletries, food items and medical equipment, among others. Some communities also got fully functional borehole projects with overhead tanks and some teachers got paid their salary for one year.

With Stanbic IBTC Holdings PLC, corporate social investment is not-a-nice-to-have, it is a core of its commitment towards contributing to Nigeria’s socio-economic development and to help the nation to continue moving forward.  The firm seeks to establish community-based partnerships, while encouraging its employees to participate voluntarily in life-changing initiatives.

L-R: Dr. Adeyemi Omobowale, Chief Executive Officer, Reddington Hospital Group; Mrs. Ruth Adekoya, mother of the beneficiary; Iyanuoluwa Adekoya, Together4ALimb 2019 beneficiary and Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC; during the presentation of EduTrust funds to beneficiaries at the 2019 edition of the Together4alimb Walk, organized by Stanbic IBTC Holdings, on Saturday, November 9.

L-R: Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank; Salamatu Husseni, Together4ALimb 2019 beneficiary; Dayyabu Yau, uncle of the beneficiary and Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC.

L-R: Wole Adeniyi, Executive Director, Personal and Business Banking, Stanbic IBTC PLC; Sadiya Musa, Together4ALimb 2019 beneficiary; Abdullahi Musa, brother of the beneficiary and Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC.

Funso Akere, Chief Executive, Stanbic IBTC Capital and members of the Corporate and Investment Banking (CIB) during the presentation of gifts items to the Principal of Girls Academy.

Bridget Oyefeso-Odusami, Head, Marketing and Communications, Stanbic IBTC and Staffs of the Marketing and Communication department during the presentation of computers, chairs, sewing machines, wheelchairs, crutches, clippers, toiletries and food items to Oluyole Cheshire Home, Ibadan, Oyo State.

Staffs of Stanbic IBTC during the donation of medical equipment to the Ajaebo Medical Center, Idi-Araba.

Staffs of the Stanbic IBTC during the commissioning of the borehole at Akilo-Ogba

Staffs of the Stanbic IBTC during the commissioning of the borehole at Osunkeye Street off College Road, Ogba.

Eric Fajemisin, Chief Executive of Stanbic IBTC Pension Managers Limited during the commissioning of The Ladipo, Primary School, Lagos State.

Commissioning of toilets at Abaranje Primary School, Alimosho, Lagos State.

Staffs of the Stanbic IBTC presenting a cheque of the One Year Teacher Salary Support to Street 2 School teachers.

A staff of Stanbic IBTC during the presentation of textbooks to the pupils of Ago Ijaiye Methodist Primary School, Ebutte-Metta West.

Staffs of the Internal Audit of Stanbic IBTC Bank presenting food items, chairs and textbooks to the Bright Achievers Primary School, Bariga, Lagos State.

Staffs of the Business Support and Resolution department of Stanbic IBTC Bank and the pupils of Methodist Primary School, Ikorodu, Lagos State during the commissioning of a new toilet.

Anselem Igbo, Chief Executive, Stanbic IBTC Insurance Brokers during the commissioning of Labour room equipments at the Ayantuga Health Center, Mushin, Lagos State.

Staffs of the Compliance Units during the presentation of air conditioners, food items and school bags to the Special Correctional Centre for Boys, Oregun, Lagos State.

L-R: Mr. Dare Otitoju, Head, Global Markets, Sales, Stanbic IBTC Bank PLC; Mrs. Azeez Arolake, Head, Nursing Department, Mushin General Hospital; Mr. Sam Ocheho, Head, Global Markets, Stanbic IBTC Bank PLC; Dr. Olumide Sojinrin, Managing Director, Mushin General Hospital; Mrs. Omobolanle Ogboye, Head Administration/Human Resource, Mushin General Hospital and Mr. Yomi Balogun, Head, Global Markets Trading, Stanbic IBTC Bank PLC during the donation of gifts items to the management of Mushin General Hospital in Mushin, Lagos on December 19, 2019.

L-R: Olusegun Adejare, Secretary of Ado-Odo/Ota L.G.E.A, Ogun state; Chief Samuel Ogunwale Oyelabi representing Oba Alani Matanmi, the Onijoko of Ijoko Ota; Mrs. Balogun S. O., Headteacher, Community Primary School, Ijoko Titun; Ayoolu Oni, Head, Procurement, Stanbic IBTC Bank and Gbenga Adeniji, Head, Asset and Leasing Stanbic IBTC Bank during the commissioning of modern classrooms built by the Procurement and Group Real Estate Services Department of Stanbic IBTC Bank at Ijoko Titun, Ogun State.