Otedola being inaugurated at Augustine University, Ilara-Epe. Credit: Instagram
The millionaires businessman and Chairman Geregu Power, Femi Otedola, has donated N1 million to each of the 750 students of Augustine University, Ilara-Epe, Lagos State.
The donation was made during Otedola’s inauguration as the Chancellor of the institution recently.
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The business mogul, on his Instagram page, displayed his photos of the event, saying, “Today I was officially inaugurated as the Chancellor of Augustine University.”
He added that he believed in transforming establishment that he was associated with.
He expressed, “Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, I gave a gift of one million Naira to each of the seven hundred and fifty students.”
“I hope this donation of N750 million assists the plight of the parents of our students in this difficult time…”
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