The businessman, who shared this information through his official Instagram page, additionally donated N1 million to each of the 750 students at the University, acknowledging the prevailing challenging economic conditions.
“He wrote: “Today, I was inaugurated as the Chancellor of Augustine University.
I strongly believe in transforming establishments that I am associated with.
“Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, I gave a gift of One Million to each of the Seven Hundred and Fifty Students.
“I hope this donation of Seven Hundred and Fifty Million Naira assists the plight of the parents of our students in this difficult time.”
Otedola, who is also a significant shareholder in FBN Holdings, was appointed as the university’s chancellor on April 7, 2022.
Nicholas Obayi, the spokesperson for the institution, expressed that Otedola’s appointment is well-deserved, given his consistent philanthropic efforts.
In 2019, Otedola demonstrated his commitment to the university by donating a faculty complex.
Augustine University, established on October 23, 2015, continues to benefit from Otedola’s dedication to its development.
Kanyi Daily recalls that Femi Otedola had responded to a young man who claimed to be his son from a past relationship.
President Bola Tinubu has sworn in seven newly appointed ministers during a ceremony held at…
Controversial cross-dresser Idris Okuneye, known as Bobrisky has confirmed that he has left Nigeria temporarily…
Baltasar Engonga, Director General of Equatorial Guinea’s National Financial Investigation Agency, has been arrested following…
The Lagos State Emergency Management Agency (LASEMA) confirmed on Monday that a fire swept through…
The Court of Appeal in Abuja has acquitted former Chief Justice of Nigeria (CJN), Walter…
Quincy Jones, the legendary American record producer, composer, and music visionary, has passed away at…