L
LequteMan
Guest
The Yaba College of Technology (YABATECH) in set to float a mortgage bank, to train the students on industrialisation, The Head, Public Relations Unit, YABATECH, Mr Charles Oni, announced on Thursday in Lagos.
According to him the capital deposit had been paid to the Central Bank of Nigeria (CBN), "the process is ongoing now; once we get the CBN's nod, we will float it.
``So many members of staff are investors; shares were sold to staff, so that they can be part of the venture.
``We publicised the availability of shares over time and as at today, the capital outlay has been perfected.
He said that the bank would provide an all-encompassing training and would also be used for the collection of tuitions fees.
He says the bank will provide comprehensive knowledge for students on how to go into industrialisation, production, marketing and banking.
``The bank will be situated within the college, and a site has been located for the project.
``Technically, YABATECH is ready for the take- off of the bank," the official said.
Oni said the bank would be able to sustain itself and would also serve as an additional revenue earner for the institution.
#Yabatech #Lagos #Nigeria
According to him the capital deposit had been paid to the Central Bank of Nigeria (CBN), "the process is ongoing now; once we get the CBN's nod, we will float it.
``So many members of staff are investors; shares were sold to staff, so that they can be part of the venture.
``We publicised the availability of shares over time and as at today, the capital outlay has been perfected.
He said that the bank would provide an all-encompassing training and would also be used for the collection of tuitions fees.
He says the bank will provide comprehensive knowledge for students on how to go into industrialisation, production, marketing and banking.
``The bank will be situated within the college, and a site has been located for the project.
``Technically, YABATECH is ready for the take- off of the bank," the official said.
Oni said the bank would be able to sustain itself and would also serve as an additional revenue earner for the institution.
#Yabatech #Lagos #Nigeria
