L-R; Sola Gabriel,Head, Strategic Planning, Polaris Bank; Omowunmi Odunlade, Ag. Divisional Head, Ibadan; Professor A. O. Folawewo, Dean, Faculty of Economics & Management Sciences; Professor Akin Lewis( Dean Students Affairs),Representative of the Vice Chancellor and Njideka Nwabueze, Head, Retail Banking, Polaris Bank during the official presentation of the cheque by Polaris Bank to the University of Ibadan recently.
By Peace Udugba -The daily torch media
Lagos, Nigeria – March 26, 2026 — In a strong demonstration of its commitment to advancing education and human capital development in Nigeria, Polaris Bank has committed significant funding towards the full renovation of the Faculty of Economics and Management Sciences Building at the prestigious University of Ibadan.
This landmark intervention revives a historic structure originally gifted to the University in 1985 by one of Polaris Bank’s legacy institutions, the now-defunct International Bank for West Africa (IBWA). For over four decades, the building has stood as a beacon of academic excellence, shaping generations of Nigerian professionals across critical disciplines.
The facility previously served as the home of the highly regarded MBA and MSc Banking and Finance (Professional) programmes until 2016. It continues to function as an essential lecture space for MSc and PhD students in Economics, having hosted thousands of lecture hours across various programmes. Well over 500 students have directly benefited from the building, many of whom have gone on to become influential leaders and experts driving Nigeria’s financial services industry, academia, and the broader economy.
As part of its robust Corporate Social Responsibility (CSR) strategy focused on education and human capital development, Polaris Bank’s intervention aims to transform the ageing infrastructure into a modern, world-class learning environment that fosters innovation, critical thinking, and cutting-edge research.
At the formal cheque presentation ceremony held at the University last Thursday, Polaris Bank’s Managing Director/CEO, Kayode Lawal, underscored the strategic importance of the initiative.
According to the CEO, who was represented by the Head of Retail Banking, Njideka Nwabueze:
“Education is the most powerful catalyst for national transformation. By renovating this historic Faculty building, we are not only preserving a proud institutional legacy, but also creating a conducive and inspiring space for the next generation of economists, bankers, accountants, and financial experts who will shape Nigeria’s economic future.”
He added that the intervention goes far beyond physical upgrades:
“This project reflects our deep belief in investing in the minds that will drive sustainable economic growth, innovation, and leadership across the nation and beyond. Disciplines such as Economics, Banking and Finance, and Accounting are the bedrock of a resilient economy, and we are proud to strengthen the infrastructure that nurtures talent in these vital fields.”
The renovation, scheduled for completion within six weeks, will deliver enhanced lecture theatres, improved amenities, and upgraded research spaces, significantly elevating the quality of teaching and learning for current and future students.
This intervention aligns with the United Nations Sustainable Development Goals (SDGs), particularly SDG 4: Quality Education and SDG 8: Decent Work and Economic Growth. It further reinforces Polaris Bank’s long-standing commitment to supporting Nigeria’s tertiary institutions and bridging infrastructure gaps that hinder academic excellence.
Polaris Bank remains steadfast in its mission to empower Nigeria’s youth through targeted investments in education. By partnering with leading institutions like the University of Ibadan, the Bank continues to play a pivotal role in building a knowledge-driven economy and producing high-quality talent equipped to tackle national and global challenges in the short, medium, and long term.
Polaris Bank also remains committed to driving sustainable development through responsible banking and impactful Corporate Social Responsibility (CSR) initiatives that address critical social, environmental, and economic challenges, guided by strong Environmental, Social, and Governance (ESG) principles.
