News Foundation Gives N500,000 To First Baby Of 2023
The cheque was presented to the parents of the new born baby on behalf of the founder of the Foundation, Dame Wuraolami Williams, by Olamilekan Akanbi-Ojora, who is the Lagos State coordinator of Impact and Inspired.
He said the cheque presented also served as a recognition of the contribution of the mother of the baby, Mrs Sola Kosoko Abina, to the advancement of the NGO and for her invaluable contributions to the initiative. Akanbi-Ojora, who is also an actor, while presenting the cheque on behalf of Dame Williams, said the gift for the baby was designed to encourage the child to become a saver for his adult life and to give a financial leg-up for him when he becomes an adult, which means all the money in the fund belongs to the child who is the account holder, and its tax-free.
According to Dame Williams, when the account holder turned 18 years, the last CTFs will mature and it can either be cashed or transferred into an adult account.
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