The award went to the overall best student for 2013/2014 academic session, students with Cumulative Grade Point Average (CGPA) of 4.5 and above, as well as indigenous students with proven financial need.
The overall best student with 4.89 CGPA, Williams Oluwapelumi John (200L Electrical Electronics Engineering), got N700,000. Other beneficiaries on the basis of good academic standing are Aladetuyi Ayomide Gbolagade (200L Information Communication Technology) with CGPA of 4.81, Ogunmola-Daomi Egomaron (200L Accounting) with CGPA of 4.78, Takeme Stephanie Omobolanle (200L Business Administration) with 4.78 CGPA, Shola-pootu Iyimide (200L Automotive Engineering) with CGPA of 4.76 and Jaiyeoba Oluwadamilola Abidemi (200L Biochemistry) with 4.71 CGPA. Each of the beneficiaries in this category got N460,000.
Beneficiaries under the Founder’s corporate social responsibility to the host community are Fajuko Michael Gbenga (200 Level Information Communication Technology), Alli Blessing Anuoluwaseyi (200L Accounting). These beneficiaries got N550,000 each.
Other beneficiaries under the corporate social responsibility of the Founder to Ilara-Mokin community are Fakinlede Oluwafemi Joshua (300L Business Administration), Fakinlede Temidayo Helen (300L Business Administration) and Onifonboyede Temidayo Mary (200L Computer Science). Each of these beneficiaries went home with N460,000.
Speaking while handing the scholarship letters to the beneficiaries, the Vice-Chancellor of the University, Prof. Valentine Aletor re-emphasized the readiness of the Founder of the University to assist any student that demonstrates academic and moral excellence.
Prof. Aletor who stated that the scholarship award was a continuous gesture, stated that the award was to encourage other students to work harder and serve as incentive for the beneficiaries to keep their focus on excellence.
The Don commended Chief Ade-Ojo for his passion for the educational development of the younger generation. He added that the Founder has demonstrated that excellence should be rewarded.
The Vice-Chancellor revealed that the award was free of ethnicity and tribalism as some of the beneficiaries cut across all regions of the country.
He described the University as the best avenue where brilliant students can display the excellence in them and get rewarded. He maintained that the availability of modern facilities in the University was to give the students equal experience as their colleagues in the developed countries of the world.