The Abia State University Senate has approved the endowment of N10 million by Mike Ozekhome to cover Annual Prizes for ABSU’s best graduating students.

This was disclosed in a statement by ABSU registrar Acho Elendu on Monday.

Mr Elendu said ABSU vice-chancellor Ndukwe Okeudo announced the approval at the 280th Regular Meeting of the senate.

Mr Okeudo said the best graduating student in Constitutional Law in the Faculty of Law would get N100,000.

According to him, others to be given the same sum are the best graduating male and female students, and the best overall graduating student in the Law Faculty.

He added that the best graduating male and female students in ABSU in any discipline would also be given N100,000 each.

The vice-chancellor further said that the best overall graduating student in the institution in any field of study would be given N150,000.

Mr Okeudo explained that the endowment would run in perpetuity.

He appreciated the infrastructural developments and financial support of Governor Alex Otti.

He noted that education was too capital intensive to be left to the government alone, and therefore called on other public-spirited individuals, groups, organisations and alumni to partner the university in its trajectory of sustainable development. 

(NAN)