The management of Lotus Bank has donated a brand new 18 Seater JAC Sunray Bus to Yaba College of Technology (YABATECH), presented N500,000 Cheque to the overall Best Graduating Student, N300,000 Cheque to the Best Female Graduating student, and donated Computer and IT Accessories to the Banking & Finance Department of the College.
The Bus and the cash gifts were in fulfillment of the promise made by the Chief Executive Office of Lotus Bank, Mrs. Kafilat Araoye during the 34th Convocation Lecture of the College in November 2022 where she was the Guest Speaker at the Convocation lecture.
Adisa Toheeb Paul of School of Engineering from Civil Engineering Department being the best graduating student of year 2020/2021 session, recieved the sum of #500,000 while Adanlawon Aishat Olaoluwa of the School of Technology from Crop Production Department being the best female graduating student received the sum of #300,000
The Computer and IT Accessories donated to the Banking & Finance Department are: Two 55 Inch Flat Screen Television, Four Desktop Computers, Two Printers, Four UPS, One Scanner and Eight Laptops.
Speaking at the presentation, the Executive Director of Lotus Bank, Dr. Isiaka Ajani Lawal noted that their presence in YABATECH is to fulfill the promised made by their Management to the institution. He disclosed that Lotus Bank is a Non-Interest Nigerian Bank deeply rooted in ethical banking, committed to ethical investing and ethical prosperity. He said that the two year old bank is happy to have a profitable and progressive relationship with YABATECH.
Lawal hinted that this is the first presentation of gifts that the bank will do since the inception, and YABATECH is very lucky to be the beneficiary. He promised that the Bank will do more for the College in future, while admonishing the YABATECH community to patronize the Bank being an interest free bank without any hidden charges unlike other commercial banks, and there are enormous benefits to enjoy being their customers.
The Ag. Rector of the College, Mr. Inyang Udoh on behalf of the Governing Council and Management appreciated Lotus Bank for fulfilling the promise made, and noted that YABATECH is highly delighted to partner with Lotus Bank. He said that higher institutions are being run in advanced countries through endowment fund, and from private partnership, such should be emulated in Nigeria for academic development in all facet. He thereby enjoined Yabatech Community to patronize the bank for their magnanimity.
The best graduating student, Adisa Toheeb said that he was honoured to be the beneficiary of the Lotus Bank largess. He thanked the Bank for the cash gift, he said that the gift will spur him to work harder, and promised to be a good ambassador of the College.
He eulogized the College for the creating the conducive environment for him to learn, he thanked the immediate past Rector, Engr. Obafemi Omokungbe, and the School of Technology most especially Civil Engineering Department.
“I will continue to work hard to meet up with the expectation that comes with this generosity that boost professionalism and encourage excellence. He prayed that the partnership between YABATECH and Lotus Bank will continue to flourish.
Other dignitaries of Lotus Bank that attended the presentation were: Balogun Adisa, Head, Private Bank, M.O. Oladapo, Laison Officer, and Akpedeye Walter, Bank Officer.