Renowned businessman and philanthropist, Femi Otedola, displayed his remarkable generosity by gifting a staggering 750 students the sum of One Million Naira each. This remarkable act of benevolence coincided with his inauguration as the Chancellor of Augustine University, an institution in Lagos state.
Femi Otedola is no stranger to philanthropic gestures, having previously made headlines for lavish gifts, including purchasing a new home for his daughter, Cuppy, as a birthday present. His latest act of giving, however, extended to an entire community of students, aiming to make a significant impact on their lives.
Femi Otedola took to his Twitter account to announce this remarkable act of generosity, sharing pictures from the event and expressing his commitment to transforming the institutions he is associated with. He stated, "Today, I was inaugurated as the Chancellor of Augustine University. I strongly believe in transforming establishments that I am associated with. 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$."