Tuesday, 4 August 2015

LASU No Dey See Favour? UBA Gives N52.9m Endowment Fund To University Of Lagos

As part of its commitment to a globally competitive educational system in the country, United Bank for Africa (UBA) Plc has given a N52.9 million endowment fund to resuscitate the UBA Professorial Chair of Finance at the University of Lagos.
Presenting the cheque to this effect to the vice chancellor of the University of Lagos, Professor Rahaman Bello, and members of the institution’s governing council, the group managing director and chief executive of UBA, Mr Philips Odozua reiterated the bank’s commitment to developing education.
“We have seen that there is a huge gap in the funding of educational system in the country and UBA as an institution, strongly believes in the future of Nigeria and that a well trained and educated manpower is germane to our growth and development as a nation, which is the reason we have decided to resuscitate this endowment,” he said.
Oduoza assured that the bank will continue to promote research and innovation in the Nigerian educational system to boost man-power development and called on other banks, companies, institutions and individuals to emulate the UBA’s gesture.
“As first line beneficiaries of quality manpower to support the pursuit of research and education in all Nigerian universities, private sector endowments will result in the creation of centres of excellence in different Nigerian universities, improving the quality of graduates, decision making and leadership in the society. Government alone cannot make this happen,” Oduoza stated.
Speaking on the relationship that exists between UBA and Unilag, the VC of the institution said, “It is worthy to mention here today that the first financial institution to show its presence on campus and to support academic excellence in the university was UBA.