A & U Ng School Fees Counterpart Funding
The A & U Ng School fees donation is a part of the A & U Ng’s management attempt to attract counterpart funding in its drive to assist students pay school fees.
School fees these days are becoming very high, higher above the poor man’s means. University on the other hand cannot be managed with the pocket of the poor man in view. This is as a result of increasing cost of administration. Hence, government, philanthropists, stakeholders, business owners and all well meaning individuals must come in to help students who are at the verge of dropping out of school to continue their education, hence the introduction of the A & U Ng school fees counterpart funding/donations.
Nature of the Counterpart Funding
The A & U Ng management will take responsibility for 15% of all school fees while members of the public contribute 85%. This means that where a school fees is N100,000, the A & U Ng management will pay N15,000 only while N85,000 is taken from the counterpart funding account.
Duration of Exercise
The A & U Ng school fees counterpart funding will be an ongoing exercise and will continue as long as campaign lasts and funds comes in.
We (A & U Ng) are appealing to all well meaning individuals, stakeholders and NDOs to contribute to this scheme by sending/transferring a minimum of N1,000 to infinitum to the following approved account (designated account is A & U Ng CEO’s dormant account):
Account Number: 0042153523
Account Name: Julius Michael Oghenenyoreme
Bank: Union Bank
Use of Funds and Record Keeping
The A & U Ng management is well known for its integrity in the handling of financial affairs. Kindly refer to the subtopic “our past records” to track what we have been doing earlier.
All funds realized will be utilized for school fees purpose only unless needed otherwise. Account statement and expenditures published and balances, if any, carried forward to the next year.
All beneficiaries along with their publicizable details and the amount benefited will also be publicized for the benefits of contributors to know what their contributions were used for.
Our Past Records
Starting from 2021, the management of A & U Ng have always sought for ways to say thank you to its teeming customers and followers. Hence, promotions became our way of doing business.
These promotions later metamorphosed into school fees promotions when we kick-started our N500,000 school fees promotion in April, 2021. These promotions have now been improved. It is now targeted at N1,000,000 school fees promo in the 2021/2022 academic session.
To further strengthen our resolve and dedication to giving back, we also started a school fees Multi-Purpose Cooperative Society called Emerald Students’ MPCS. With Emerald, students were able to open a cooperative account for school fees, saved and apply for school fees loans.
Till date, Emerald have 220 members of which 64 members are currently on school fees loans. These are students whose admissions would have been withdrawn but for the timely intervention of A & U Ng through its subsidiary product – Emerald Students’ MPCS.
Now, we are adding school fees counterpart funding to enable us source for more funds in reaching more and more students who are now somewhat incapacitated to pay their fees.
A Note for Sponsors, Partners/Collaborators and NGOs
If you have interest in sponsoring and partnering with us as an individual or an NGO, kindly use the contact info underneath this publication to reach us either via email, phone or physical office.
A & U Ng Smart Office:
No. 1, NDU Road,
Main Campus Gate,
Besides RCF Tent,