Bisina Somto
Nigeria’s renowned billionaire, Femi Otedola, was officially inaugurated as the Chancellor of Augustine University, Lagos, during a ceremony on Thursday. This milestone in the businessman’s life was shared on his verified Instagram page, along with a heartwarming gesture that left 750 students of the university profoundly grateful.
Otedola graciously gifted the sum of N1 million to each of the 750 students, recognizing the current economic hardships that many are facing. His benevolent gesture amounted to a total of Seven Hundred and Fifty Million Naira.
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In his Instagram post, Otedola expressed his dedication to uplifting the institutions he is affiliated with, remarking, “I strongly believe in transforming establishments that I am associated with.” Augustine University, established in 2015, bestowed the esteemed position of Chancellor upon Otedola on April 7, 2022.
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The university’s spokesperson, Nicholas Obayi, commended the appointment, acknowledging Otedola’s dedication to philanthropic causes. It is worth noting that Otedola’s history of benevolence includes the donation of a faculty complex to the university in 2019.
Somto is an Entertainment Reporter with a passion for uncovering the latest stories in the world of entertainment. As a dedicated journalist, Somto delivers in-depth reporting, exclusive interviews, and breaking news coverage.
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As an Entertainment Reporter for Prime Business Africa, She continues to provide comprehensive and insightful coverage of the entertainment industry, offering readers an insider's perspective on the latest developments and trends. She is a trusted source for breaking news, exclusive interviews, and thought-provoking analyses.
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