Stanbic IBTC University Scholarship

Stanbic IBTC University Scholarship [2023/2024 Update]

The Stanbic IBTC University Scholarship is a newly established scholarship fund worth N40M to support 100 Nigerian youths with financial needs to pursue their undergraduate degrees in any Nigerian university of their choice.

The Stanbic IBTC Bank Plc initiated the scholarship program to commemorate the CSR and its commitment to supporting education and youth empowerment across the country.

The scholarship will be awarded from time to time to deserving Nigerian youths who have excellent academic records and are financially disadvantaged.

Selected beneficiaries will receive a full tuition waiver for their undergraduate studies at any Nigerian university of their choice.

Stanbic IBTC University Scholarship

We understand the crucial and transformative role of education in the lives of Nigerian youths.

The scholarship initiative is part of our goal to assist Nigerian youngsters realize their goals and aspirations, as we have done in the past through programs such as the Youth Leadership Series (YLS), Higher Institution Football League (HIFL), and so on.

A N40,000,000 scholarship will be given to one deserving graduate each year. The program encourages diligence and academic excellence among Nigerian undergraduate students by offering grants to those who took the Unified Tertiary Matriculation Examination (UTME) and were accepted at a Nigerian state or federal university.

According to Dr. Demola Sogunle, Stanbic IBTC Holdings PLC’s CEO, the organization recognizes the significance and influence of education in every Nigerian youngster’s life. He believes:

“Education empowers and encourages the youth to prepare for the future while also confronting challenges. Education is a panacea for growth and enduring development of any nation or organisation.”

To be considered for the scholarship, you must submit the following documents:

  • Recent Passport Photograph
  • Valid ID Card
  • UTME Result
  • O’Level ( WAEC, NECO or GCE) Statement of Result or Certificate
  • JAMB or University Admission Letter
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Please read the terms and conditions below as well as the Frequently Asked Questions section for further information on this scholarship. If you need to make any further clarifications you can email the bank about the offer on


Has application been announced for the Stanbic IBTC University Scholarship 2022?

Application for this scholarship offer for 2022/2023 Academic session is yet to be announced by the bank. You can however keep an eye on the Scholarship portal for updates.

When does the deadline for submitting an application for the 2021 Stanbic IBTC University scholarship come?

The deadline for submitting an application is November 30, 2021. Any extension of the deadline will be announced onthe bank’s website. Stay tuned.

What is the maximum size of document you can submit on the portal?

2MB is the maximum file size for each document, and your passport’s picture format must be in JPEG. Other files must be in PDF. Document sizes should not exceed 200KB.

Can I start the application and upload my credentials much later?

Yes. You may begin your application and submit documents at a later date. However, you will not be able to submit your application until all necessary papers have been uploaded.

My university has not started accepting applications for the 2021-2022 academic year. What am I supposed to do?

You will be able to apply for the scholarship and select the appropriate admission status on the form, even if you have not completed all of your obligations. The application will be evaluated.

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Is it possible to apply for the scholarship as a Direct Entry candidate?

No! The scholarship is only available to outstanding UTME candidates who have achieved a minimum score of 250 and have been accepted into any Nigerian state or federal University for the 2021-2022 academic year.

Is it possible for me to edit my application?

Yes. You are allowed to make changes to your application provided you have not submitted your application.

Can I send my documents via email?

The application is strictly done online and you may not be allowed to send documents via email.

Can I submit the application after the deadline?

You can’t submit any more applications after the deadline. Deadline is deadline except there is extension.

Do I need to make any payment to be awarded the scholarship?

This scholarship is solely based on academic merit and selection criteria. You should not pay for anything or give anything in exchange.

Is there any age limit for the scholarship application?

There is no age limit.

I applied for the 2020 University Scholarship last year but was not selected. Will I still be considered for the scholarship this year?

No. You need to put up fresh application as this is a new scholarship application round for the 2021-2022 academic year.

Will I receive confirmation of receipt of my application?

You’ll get a confirmation on the screen that your application has been submitted. Only those who pass the test will be contacted, as determined by selection criteria.

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