LAUTECH Alumni sets up Scholarship Board for indigent students
Wednesday, Dec 12, 2018 6:48 pm
Ladoke Akintola University of Technology's alumni association has inaugurated a scholarship board for indigent undergraduates of the institution.

This was disclosed by the National President of the association, Hon Solomon Onilede, at the 12th annual lecture of the association themed: State Universities and funding: The Intrigues, held at the institution on Thursday.

Hon Onilede said the scholarship would be financed by the committee's members private money, while emphasizing that money in the association purse would not be tampered with.

"The beneficiaries of this scholarship are strictly going to be indigent students who are on the verge of dropping out due to their over-concentration on work at the expense of their studies. There would be some of us who will screen them to ensure that we are dealing with typical indigent students.

"As part of the promise I made during election, I want to announce to you that this scholarship will be funded from our private pockets and not the Alumni association's.

"The basis for selection would not only be based on the fact that a student is indigent but also must be seen as having potential. Reasonable academic performance is also important. Students, who feel they are having issues with their finances should approach members of the committee who are on this campus to let us know of their situation," the National President said.

In the same vein, he launched the cooperative cum investment scheme for members of the association who are financially down.The president said that members would be furnished with soft loans facility which would be repaid at the end of the year at no interest rate.

Onilede said that it became imperative for the association to lend a helping hands to their members who became incapacitated to bear financial responsibilities in the light of the economic downturn.