Education
Historic Matriculation: EUN Unveils ₦50bn Research Endowment
Joel Ajayi
The Chancellor of the European University of Nigeria (EUN), Nicholas Ukachukwu, has announced the establishment of a ₦50 billion research endowment fund aimed at driving innovation and cutting-edge research across specialised disciplines in the institution.
Ukachukwu disclosed this during an interview on the sidelines of the university’s maiden matriculation ceremony, explaining that the fund would support research in critical sectors such as medicine, Information and Communication Technology (ICT), and other technical fields.
According to him, the initiative is designed to ensure that research carried out at the university produces practical solutions with real societal impact rather than remaining purely theoretical.
“We set up this university to be a centre for research, and the ₦50 billion endowment fund will focus on special categories of research and disciplines,” he said.
The chancellor explained that the university intends to support research from the discovery stage to practical application, particularly in areas such as drug development and technological innovation.
He noted that breakthroughs in these areas require specialised expertise, modern equipment and sustained investment, adding that the institution is committed to creating an enabling environment for researchers and students.
Ukachukwu emphasised that the research culture at EUN would be driven by results and societal relevance.
“I cannot call people, including myself, to put together ₦50 billion and allow research outcomes to gather dust on shelves. Whatever we invest in must produce results and impact lives,” he said.
He added that the university aims to nurture students who think beyond conventional classroom learning and develop innovative solutions to societal challenges.
Ukachukwu further revealed that the institution is building a centre of excellence equipped with advanced technology and highly skilled professionals, noting that government institutions may eventually collaborate with the university to benefit from its facilities and research outputs.
According to him, the university expects to begin seeing significant outcomes from its research investments within the next one to five years.Earlier in his welcome address at the matriculation ceremony, the Vice-Chancellor of EUN, Emmanuel Ibezim, urged the pioneer students to pursue academic excellence, discipline and innovation throughout their stay at the institution.
Ibezim described the event as historic, noting that it marked the formal admission of the university’s first set of students.He said the university is committed to producing graduates who are intellectually sound, ethically grounded and globally competitive.
“Your admission into this university is a testament to your hard work and potential. However, admission is only the first step; what truly matters is what you do with the opportunity before you,” he said.
The Vice-Chancellor assured the students that the institution would provide quality teaching, modern laboratories, digital learning resources and mentorship to support their academic development.
He urged them to embrace critical thinking, creativity and innovation while making effective use of the university’s learning facilities.Ibezim also stressed that the university maintains zero tolerance for examination malpractice, cultism, harassment, drug abuse and other forms of misconduct, advising students to strictly adhere to the institution’s rules and regulations.
He further encouraged the students to participate in approved extracurricular activities, sports and leadership programmes to build teamwork and leadership skills that would prepare them for life beyond the classroom.
The Vice-Chancellor also assured parents and guardians that the university management remains committed to improving teaching, research, infrastructure, innovation and student welfare.
A highlight of the ceremony was the administration of the matriculation oath and the signing of the matriculation register by the pioneer students, formally admitting them into the academic community of the university.
Education
From Grassroots Football Administration to Academia: Nigeria Nationwide League One Chief Account Officer Adewale Earns PhD from Nasarawa State University
Cyril Ogar
The Chief Accountant officer of Nigeria Nationwide League NLO, Dr. Adeyinka Adewale has added a major academic milestone to his distinguished career, earning a PhD in Accounting from Nasarawa State University, in a journey that bridges football administration and scholarly excellence.
Born in Ile-Ife, Osun State, Dr. Adewale has built a career defined by academic distinction, professional expertise, and leadership in financial management.
His doctoral research, titled “Effect of Ownership Structure on the Value of Listed Financial Companies in Nigeria,” offers a rigorous empirical analysis of how ownership configurations influence firm valuation, contributing significantly to the discourse on corporate governance in emerging markets.
Dr. Adewale’s academic journey reflects a steady pursuit of excellence.
He holds a Higher National Diploma in Accounting from Lagos State Polytechnic, a Bachelor’s degree in Accounting, a Master’s degree in Public Accounting, and now a PhD—further cementing his reputation as a scholar-practitioner.
A Fellow of the Association of National Accountants of Nigeria (FCNA), he has amassed extensive experience in financial systems management, budgeting, and institutional administration.
He currently serves as Head of Finance and Administration at the , Nationwide League One (NLO) where he plays a pivotal role in overseeing financial strategy, regulatory compliance, and administrative operations supporting national football development.
Beyond administration, Dr. Adewale has made notable contributions to academic research, with publications in the KASU Journal of Accounting Research and Practice.
His works, including studies on institutional ownership, managerial ownership, and firm value, underscore his deep engagement with issues of corporate governance and financial performance.
His research is grounded in advanced econometric methods, particularly panel regression analysis, enabling detailed examination of firm-level data over time and offering insights into the relationship between ownership structures and organizational performance.
With research interests spanning corporate governance, ownership structure, firm valuation, and public sector financial management, Dr. Adewale remains committed to advancing transparency, accountability, and efficiency across both public and private sector institutions.
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