Renowned Nigerian billionaire Femi Otedola made headlines on social media by generously gifting a total of N750 million to all 750 students at Augustine University. Today, on October 26, 2023, Femi Otedola was officially installed as the chancellor of Augustine University in Ilare Epe, Lagos State.
Femi Otedola, known for his philanthropic efforts, decided to support the university's students during these challenging times. Affiliated with Augustine University, he chose to donate N1 million to each of the 750 students, amounting to a total of N750 million. He expressed his hope that this significant sum would provide much-needed relief to the students' parents amid the difficult economic conditions in Nigeria.
Femi Otedola marked the occasion by sharing photos of himself with his mother, the academic staff of the university, and presenting awards to the students. In his message, he stated, "Today, I was officially 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… F.Ote$."
Renowned Nigerian billionaire Femi Otedola made headlines on social media by generously gifting a total of N750 million to all 750 students at Augustine University. Today, on October 26, 2023, Femi Otedola was officially installed as the chancellor of Augustine University in Ilare Epe, Lagos State.
Femi Otedola, known for his philanthropic efforts, decided to support the university's students during these challenging times. Affiliated with Augustine University, he chose to donate N1 million to each of the 750 students, amounting to a total of N750 million. He expressed his hope that this significant sum would provide much-needed relief to the students' parents amid the difficult economic conditions in Nigeria.
Femi Otedola marked the occasion by sharing photos of himself with his mother, the academic staff of the university, and presenting awards to the students. In his message, he stated, "Today, I was officially inaugurated as the Chancellor of Augustine University. I strongly believe in transforming establishments that I am associated with. Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, I gave a gift of One Million to each of the Seven Hundred and Fifty Students. I hope this donation of Seven Hundred and Fifty Million Naira assists the plight of the parents of our students in this difficult time… F.Ote$."
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