Stanbic IBTC Pension Managers donates 2,500 crash helmets to commercial motorcyclists in Ibadan

MD, Stanbic IBTC Pension Managers, Demola Sogunle

Chuks Udo Okonta

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings, has donated 2,500 crash helmets to commercial motorcyclists in Ibadan, Oyo State.

The leading Pension Fund Administrator (PFA) pledged to collaborate with relevant stakeholders to improve road safety in Nigeria.

The crash helmets were formally received by the Oyo State Governor, Senator Abiola Ajimobi, on behalf of the Oyo State Security Trust Fund, for onward distribution to members of the Amalgamated Commercial Motorcycle Owners and Riders Association (ACOMORAN), Oyo State.

The initiative, according to the Executive Director, Stanbic IBTC Pension Managers Limited, Eric Fajemisin, is in line with the existing partnership with the Oyo State government and the PFA’s commitment to value-driven corporate social responsibility, designed to make positive impact on the wellbeing of the communities where it operates.

“One of the key objectives underscoring this gesture is to leverage our partnership with the state government to promote safe riding, encourage good road behaviour and build an ecosystem that supports road safety in the country. In so doing, we hope to mitigate the fatalities associated with motorcycle accidents on the operators and their passengers as well as the trauma, deprivation and loss these inflict on everyone affected,” Fajemisin said.

He said Stanbic IBTC Pension Managers aligns itself with the quest of the Oyo State government on the welfare of its citizens and the Federal Road Safety Commission’s regulation on the compulsory use of crash helmets by commercial motorcyclists across the country.

“It is a privilege to partner with the Government of Oyo State in the preservation of the welfare of its citizens. In the past, we have donated over 5,000 safety helmets in Lagos, Osun, and Ekiti states and are therefore delighted to extend our hands of partnership and commitment to this administration by contributing towards the socio economic activities of Oyo State through the provision of safety helmets to Oyo citizens. 

Akin to its functions as a pension fund manager, Fajemisin said the donation reinforces the PFA’s mandate of securing and safe-guarding the future of Nigerians after retirement through its well structured pension and retirement services. “Safety is one of our core services as a pension fund administrator and we manage pension and retirement funds in ways that ensure their safety.”

Governor Ajimobi, who received the helmets on behalf of the Oyo State Security Trust Fund, commended Stanbic IBTC Pension Managers Limited for launching the initiative, which he described as exemplary and the first of its kind by a corporate organisation in the state.

He enjoined the motorcyclists to always use the crash helmets, obey speed limits and traffic rules to ensure their safety and that of their passengers. 

President of ACOMORAN, Ibrahim Adewale, expressed the association’s gratitude for Stanbic IBTC Pension Managers’ gesture even as he assured that safety will continue to be the association’s watchword.

In his closing remarks at the event, Fajemisin encouraged the motorcyclists to embrace the new pension scheme to guarantee a secured retirement. He said Stanbic IBTC Pension Managers is available round the clock to help them plan for a comfortable future when they are no longer actively employed. “Stanbic IBTC Pension Managers Limited offers quality services and is committed to providing a safe investment haven and a good retirement plan,” Fajemisin said.