SET is a flexible and easy investment plan with long-term benefits that support parents and guardians striving to provide quality education for their children and wards.

With SET, parents and guardians can ensure the payment of their children and wards school fees as education-related expenses are directly affected to the institutions of learning be it elementary to tertiary levels.

This action ensures that unforeseeable events do not cause a disruption in their education which may negatively impact their future.

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Education trust funds are invested in conservative type instruments and professionally managed and administered by a reputable Corporate Trustee and Fund Manager.

Parents and guardians can also nominate their children and ward’s SET accounts as a beneficiary for their life insurance policies a clear example is the Group Life Insurance Policy. Situations like this would ensure that the portion allocated to each child’s SET account is received and utilized for the child’s education. This has proven to be extremely beneficial if the child is a minor (under 18 years of age) or still in school.

Speaking about the positive impact of SET on the Nigerian child, Mr. Charles Omoera, Chief Executive, Stanbic IBTC Trustees Limited, said that the organisation understands the significant impact of quality education on every child and the positive effect it will have in shaping their future.

Mr. Omoera urged parents and guardians to put in place SET for their children and wards to help them address any adverse circumstances likely to halt their education. He stated that parents and guardians must always strive to give their children and wards quality education, to position them for rare opportunities attached to the benefits of having quality education.

Stanbic IBTC Trustees remains committed to ensuring that Nigerian children have access to quality education from elementary to tertiary education to help develop their minds and contribute meaningfully to society.

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The award recognizes the company’s outstanding performance, dedication to excellence, and commitment to providing quality service to clients.

Charles Omoera, Chief Executive, Stanbic IBTC Trustees, expressed delight upon receiving the award and said that the company is honored to receive this distinguished recognition from Finance Derivative.
Stanbic IBTC Trustees has been building a sterling reputation in the Nigerian Trusteeship industry for over a decade, rendering unparalleled quality and experience in providing exceptional trust services.
Charles noted that the company’s extensive knowledge and expertise in this field have enabled it to develop innovative and personalized solutions that cater to the unique needs of its clients.

The recognition of Stanbic IBTC Trustees as the “Best Trust Company Nigeria 2023” by Finance Derivative is a testament to the company’s exceptional performance and contribution to the financial industry.
Charles also stated that the award validates Stanbic IBTC’s commitment to excellence, innovation, and professionalism.

The company has demonstrated unrivaled competence in providing exceptional trust services that meet the unique needs of its clients.

He attributed Stanbic IBTC Trustees’ achievements to its unwavering dedication to serving its clients. He also expressed the company’s focus and deep understanding of local and international markets, which enabled it to provide effective solutions.

Recognizing the role and expertise of the dedicated staff, Emi Agaba-Oloja, Executive Director Stanbic IBTC Trustees stated that the company’s staff are highly specialized in trust matters, and the company takes pride in having the best hands on the team.

She further asserted that Stanbic IBTC Trustees would continue to deliver excellent and efficient services while investing in its people, processes, and technology to ensure that it remains a trusted partner to its clients.

Stanbic IBTC Trustees Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings PLC, a member of the Standard Bank Group.

The company was registered in 2009 by Nigeria’s Securities and Exchange Commission (SEC) as Trustee, while it received the South African Reserve Bank (SARB) approval in 2010. With shareholders’ funds of over N300 million, the company complies with the SEC’s minimum capital requirement for Trust companies in Nigeria.

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