32 students get N4.8m scholarship

0
110

Thirty-two undergraduates resident in Abia State, but studying in various universities in different parts of Nigeria have received a scholarship grant of N4.8 million.

Each of the students according to the President of Alex Otti Foundation, Dr. Alex Otti, would receive N150, 000 yearly throughout their studies as long as they meet the minimum CGPA required or the scholarship.

Speaking at an event in Umuahia, the Abia State capital during the handing over of cheque dummies to the benefitting students, the project financier, Dr. Alex Otti, former MD of Diamond Bank said that the essence of the project was to promote hard work among students.

Otti, who was the 2015 and 2019 gubernatorial candidate of the All Progressives Grand Alliance (APGA) said that the event doesn’t have any political undertone, stressing that the list of the beneficiaries was purely based on merit.

He said the foundation is planning to support recipients beyond their first degrees if they meet the benchmark for such assistance.

“The Alex Otti Foundation is an army of young men and women. There is no nook and cranny of the state that you don’t see our people supporting businesses and entrepreneurship, agriculture and education.

RELATED NEWS:Ikeja NSE offers scholarships to students, tasks FG on engineering curriculum

“The awardees went through a process that started with 100 of people and 32 emerged victoriously.

“Thirty-one persons actually met our cut-off mark, but when I discovered that the 32nd person missed the cut-off mark with just a point, I felt that she should be included and that is why 32 persons are going to be benefitting from the scheme today.

“I didn’t know any of you and haven’t met any of you before, and I didn’t even know the 32nd person. But one thing that I know is that she is a lady,” he said.

Otti, who said the scholarship would run for 10 years, informed the audience that he had to sell one of his properties to ensure that there was enough money to fund the project.

Watch Leakblast TV channel from around the world

Earlier in his speech, the Executive Director Alex Otti Foundation Ekeke Chinedu said the students were exceptionally brilliant children from indigent homes whose parents may not be able to afford funding their studies.

He disclosed that the foundation is also planning to reach out much later in the year to individual with skills, but needed funds to boost their businesses or develop their business ideas.

If you are happy to be contacted by a Leakblast journalist please leave a telephone number that we can contact you on. In some cases a selection of your comments will be published, displaying your name as you provide it and location, unless you state otherwise. Your contact details will never be published. When sending us pictures, video or eyewitness accounts (CLICK HERE) ,at no time should you endanger yourself or others, take any unnecessary risks or infringe any laws.

Thanks for Reading via the most updated news portal

About Leakblast.com

Share your story with us

Advertise With us

Encourage & Support LeakBlast

Feel free to contact us

Call Us:+234(0)9073726403
Get us on Whatsapp: +234(0)8181166425      
Email Us: editors@leakblast.com

SUPPORT LEAKBLAST JOURNALISM OF INTEGRITY AND CREDIBILITY

Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast

LEAVE A REPLY

Please enter your comment!
Please enter your name here