Veritas Kapital Gifts LASU’s Best Insurance Graduate N500,000

Veritas Kapital Assurance Plc has gifted N500,000 to Adeyemi Kehinde, the best graduating student of the Department of Risk Management and Insurance at the Lagos State University (LASU).

The company’s  Chief Executive Officer, Dr Adaobi Nwakuche, disclosed this in a statement on Monday, saying the gesture aimed at encouraging academic excellence and promoting careers in insurance.

Nwakuche, revealing that the initiative is part of the company’s efforts to support insurance education and encourage young Nigerians to pursue careers in the industry. said the award fulfilled a pledge she had made in support of the department and its student association.

She congratulated Kehinde on his academic achievement and commended the lecturers for contributing to his success.

She said the company had maintained a longstanding partnership with the university’s insurance community and remained committed to rewarding the department’s best graduating student.

Nwakuche said the company had extended similar support to other institutions, including Nnamdi Azikiwe University, Awka, and the University of Lagos.

She recalled that during the 2022/2023 academic session, the company organised a competition among universities across the country to promote insurance-related activities.

She said the top three participants in the competition were from the University of Lagos, the University of Ilorin and Ahmadu Bello University, Zaria, respectively.

The managing director said the company’s engagement with educational institutions was part of an ongoing commitment to attract young people to the insurance profession.

“We will definitely partner with schools that are ready to partner with us,” she said.

She noted that bringing more young people into the industry would introduce diverse perspectives and support ongoing reforms and developments in the insurance sector.

Also, the Acting Head of the Department of Risk Management and Insurance at LASU, Dr Dansu Francis, described the department’s annual insurance summit as an important programme the institution is committed to sustaining.

Francis said the department encouraged its student association to organise the event and supported it to ensure its success.

He expressed appreciation to Veritas Kapital Assurance for its consistent support, noting that the company had always responded positively whenever the department sought assistance.

The award recipient, Kehinde, who graduated with a cumulative grade point average (CGPA) of 4.65 on a 5.00 scale, expressed appreciation for the recognition.

He said the award would motivate him to work harder and encourage other students in the department to pursue academic excellence.

Kehinde noted that beyond the financial reward, the recognition was significant as it could inspire younger students to strive for outstanding academic performance.