LOTUS Bank donates bus, cash to YABATECH students

… renovates building  

CITIZENS COMPASS – A Non-interest financial institution, LOTUS Bank., has donated a brand-new 18-seater bus to Yaba College of Technology, Lagos State.

The Bank said this is part of its commitment to supporting the educational sector in Nigeria. 

The donation was made alongside other contributions, which include renovation of the college’s Banking & Finance Department, the provision of office equipment for the department, and the award of cash prizes to the Best Graduating Student and Best Female Student.

Speaking at the handover ceremony, the Managing Director, Kafilat Araoye said a conducive environment and adequate resources are key to achieving growth, productivity, and results. 

The Managing Director said transportation is also important to the operational success of any entity. “This is an opportunity to give back to our institutions, with these renovations and provisions, we hope it will serve as an added resource to improve the productivity and mobility of key stakeholders within the Yaba College of Technology community. 

” We see the prizes to our students as a form of encouragement for them to continue to strive for excellence, success and to embrace equity in banking for sustainability.” she said.

Responding, the team at Yaba College of Technology expressed gratitude and excitement about the facelift and donations to the Banking & Finance Department and encouraged LOTUS Bank to continue to provide support to their stakeholders and community as they fulfil their Corporate Social Responsibility. 

In addition to the bus donation, LOTUS Bank also renovated the Banking & Finance Department and provided office equipment to support the department’s academic activities.

The bank also awarded cash prizes of N500,000 and N350,000 to the Best Graduating Student and Best Female Graduating Student respectively, to encourage academic excellence.

LOTUS Bank is the latest non-interest bank in Nigeria and with footprints of over 35 branches nationwide in under 2 years. The bank has continued to introduce innovative products and services that cater to the financial needs of individuals and businesses. It also aims to be a key contributor to the development of the country’s economy.

The Bank’s recent recognition as LEADERSHIP Bank of the Year 2022 demonstrates its impact on improving financial inclusion and ethical banking in Nigeria. 

It remains committed to supporting education and career development initiatives across Nigeria and looks forward to partnering with other learning institutions to help empower the next generation of leaders in the country. 




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