Igbobi College Old boy’s N10b endowment fund hits N1b

The Igbobi College Old Boys’ Association (ICOBA) has raised over N1 billion out of the N10 billion Endowment Fund launched during the 94th Founders’ Day celebration of Igbobi College. The N1 billion was raised within seven days. The President of ICOBA, Mr. Yomi Badejo-Okusanya, stated this during the Founders’ Day Luncheon and Merit Awards held […]

The Igbobi College Old Boys’ Association (ICOBA) has raised over N1 billion out of the N10 billion Endowment Fund launched during the 94th Founders’ Day celebration of Igbobi College.

The N1 billion was raised within seven days.

The President of ICOBA, Mr. Yomi Badejo-Okusanya, stated this during the Founders’ Day Luncheon and Merit Awards held at the Reverend Angus Memorial Hall, Igbobi College, Yaba, Lagos.

Badejo-Okusanya described the rapid fundraising achievement as a strong vote of confidence in the college’s future.

“Within just seven days of the creation of the N10 billion Endowment Fund for Legacy and Transformation, we have crossed over the one billion Naira mark. This response reflects the deep loyalty of old boys and friends of Igbobi College,” he said.

According to him, the endowment fund was designed to provide sustainable financing for infrastructure development, scholarships, staff welfare, and academic excellence.

“As ICOBA, we are committed to restoring Igbobi College to its pre-eminent position by investing in innovation, character building, and leadership development,” he added.

He stressed that institutional endowments play a critical role in preserving educational standards and building enduring legacies, urging alumni and stakeholders to sustain the momentum.

“This is a landmark initiative. I encourage every Old Boy to participate actively so that together we can create a lasting legacy for future generations,” he said.

Prof. Anthony Kila, an alumnus of the college, said the endowment fund would help shape the future of the school to be one of the best in Africa, if not in the world. 

“The N10 billion fund is a testament to our respect for the past, our faith in the present, and our desire to shape a brighter future for Igbobi College. A society that values education trains people who believe they can shape society — and that is what this is all about,” he said.