FIRSTBANK BAGS UNIVERSITY OF IBADAN DIAMOND BENEFACTOR AWARD

First Bank of Nigeria Plc has clinched the prestigious University of Ibadan Diamond Benefactor Award, instituted by the University’s Advancement Board to recognize corporate organizations for sustained commitment to the premier institution. The award was presented by the Ooni of Ife, Oba Okunade Sijuwade at the launch of the University’s Five-year Capital Campaign (2007 – 2011), in Lagos.

FirstBank was particularly recognized as an exemplary donor to the university in the last decade, especially in the areas of endowment and strategic infrastructure development. Based on a user-defined needs assessment, the Bank supported the University with the building of a N50 million multipurpose auditorium at the Faculty of Agriculture.  The multipurpose auditorium is part of the Bank’s strategic project in the University, which replaced the research endowment scheme previously running in the institution. The Bank has a similar project in Ahmadu Bello University, Zaria (Information and Communication Technology Park).

Other dignitaries at the ceremony included Vice President Dr. Jonathan Goodluck, Lagos State Governor, Babatunde Raji Fashola (SAN), and Nigeria’s former Head of State, General Abdulsalami Abubakar who is the University’s Advancement Board Chairman. The ceremony was also witnessed by Emir of Kano,  Alhaji Ado Bayero  and the Alake of Egbaland, Oba Adedotun Aremu Gbadebo.  

The award was received on behalf of the Bank by the Executive Director, Risk & Management Control, Mr. Sanusi Lamido Sanusi who was accompanied by his Corporate Banking counterpart, Mrs. Bola Adesola.

By this award, the Bank’s consistent performance in all spheres has once again been acknowledged. In the last couple of years, the Bank received the reputable US-based Global Finance Magazine Awards as the Best Emerging Market Bank as well as the Best Foreign Exchange Bank in Nigeria. Equally it received, for the 12^th time, the prestigious Nigerian Stock Exchange Merit Award in the Banking and Investment Sector for the best presentation, quality, and depth of the Bank’s Annual Report & Accounts. In the same vein, the prestigious Pearl Awards rated the Bank the winner of the 2004 Market Excellence (Most Active Stock) for performance, earnings and returns, and leadership on the Nigerian Stock Market.

Apart from its primary area of providing financial support to various development programmes,

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